Travel Stocks Are About To Get Fucked

Booking Holdings shit dropped a few weeks ago after strong earnings because travel agents haven’t transformed into fully autonomous AI agents yet. A complete fucking corporate disaster to start with.

These guys somehow are still managing a Top 100 spot in the S&P 500 because shareholders think this covid boom that hasn’t fully corrected is the new normal.

Sure, maybe we can just put those trips on the Visa like last time, but now 30 day credit card delinquencies have hit the highest level since 2011.

That trend isn’t stopping anytime soon since inflation significantly outpaced wages and credit cards are being used like stimulus checks.

The first thing to go is travel spending and unless they have a pallet full of Nvidia Blackwell chips ready to jam into their e-machines for immaculate price arbitrage spreads, this one’s going down.

If they don’t come back with a solid answer to these issues on the next earnings call it’s Booking DOT bye bye fucker down to the dumpster you go to hang out with us where you belong.