Booking Holdings (BKNG) in Wedgewood Partners Q1 2024

Travel Industry Leader with Strategic Share Repurchases

Apr 15, 2025

Summary

Global leader in online travel and related services.
Faced challenges with high growth comparisons and geopolitical risks.
Negative contributor to portfolio performance in Q1 2024.
Focus on strategic share repurchases and market expansion.
Continued investment in technology and customer experience.

Booking Holdings (BKNG, Financial) was a negative contributor to Wedgewood Partners' performance in Q1 2024, facing challenges from high growth comparisons and geopolitical risks. The company continues to focus on strategic share repurchases and market expansion to drive growth.

"Booking Holdings' strategic share repurchases and market expansion initiatives are key to its long-term success." — David Rolfe (Trades, Portfolio), Wedgewood Partners, Q1 2024 Fund Letter

Read full letter at gurufocus David Rolfe's Wedgewood Partners 1st-Quarter Letter: 'The Magnificent Roaring '20s' 2024 Q1 page.

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