Q: You made the following comment in answer to Stephen R. April 5th: "On the other hand, BKNG tracks pretty closely with the health of consumer spending as its revenue source is directly related to travel spending, which is expected to experience a slowdown in the near term."
Could you please expand a bit on the theme of travel expected to experience a slowdown in the near term. Could you include your reason/sources for saying this and your definition of "near term" . As always, thank you.
Could you please expand a bit on the theme of travel expected to experience a slowdown in the near term. Could you include your reason/sources for saying this and your definition of "near term" . As always, thank you.