Booking Tweaks Revenue Outlook on Increased Economic Uncertainty

Booking Holdings Inc., the parent to travel brands including Kayak and Priceline, adjusted its revenue outlook due to what the company called increased economic uncertainty.

Chief Financial Officer Ewout Steenbergen told analysts that Booking was revising its full-year gross bookings and revenue growth outlook to “mid-to-high single-digits” at constant currency rates. That’s a change from growth of “at least 8%” due to what he said was “increased uncertainty” in the macro environment.

On the other hand, its results for the prior quarter broadly met estimates. Room nights booked for the three months ended March 31 grew to 319 million, ...