Growth Outlook for Online Travel Firms Cut in Half: Morningstar
Competitive moat or no moat, growth in online travel looks to be much more modest this year than previously expected.
Citing President Trump's tariffs and a weakening outlook for the economy, Morningstar reduced its 2025 revenue growth outlook for Booking Holdings, Airbnb, Expedia Group, and Tripadvisor.
Morningstar forecast that:
Booking Holdings' revenue growth this year would be 3.5% versus Morningstar's previous 8% outlook. Airbnb's projected revenue growth would be 5% versus the prior 10% estimate. Expedia's would be 3% vers
skift.
