Booking Holdings, despite surpassing revenue and profit estimates with record-breaking figures and initiating a quarterly dividend, experienced a significant stock decline on Friday. The travel industry, which saw a massive surge in demand post-pandemic, is now grappling with the reality of normalized demand and growth expectations for 2024. Booking Holdings, along with other travel companies like Airbnb and Expedia Group, benefited greatly from increased consumer spending on travel experiences after the lockdowns. However, the company’s forecast for 2024 suggests only a modest growth in bookings and revenue, a stark contrast to the previous year’s substantial increases. CEO Glenn Fogel emph
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