Shares of leading online travel agency companies Airbnb, Booking, and Expedia have declined about 10% during the last few trading sessions on fears that wide-moat Meta's AI agent, Muse, will disintermediate the platforms.
Expedia has a network effect that we think only a few enjoy, and recent investments to unify its platform and acquisitions stand to add to its platform advantage.
Google and agentic AI models continue to siphon free organic traffic in favor of their own platforms, causing incremental marketing costs for Expedia.
|
Metric
|
EXPE
|
TRIP
|
ABNB
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.77 | 9.31 | 35.33 |
Price/Book Value | 26.07 | 1.48 | 12.14 |
Price/Sales | 2.12 | 0.58 | 7.43 |
Price/Cash Flow | 9.06 | 5.41 | 19.11 |
|
Metric
|
EXPE
|
TRIP
|
ABNB
|
|---|---|---|---|
Quick Ratio | 0.64 | 1.20 | 1.35 |
Current Ratio | 0.80 | 1.56 | 1.41 |
Interest Coverage | 7.13 | 0.76 | — |
|
Metric
|
EXPE
|
TRIP
|
ABNB
|
|---|---|---|---|
Return on Assets (Normalized) | 9.05% | 4.09% | 15.87% |
Return on Equity (Normalized) | 228.06% | 17.03% | 50.68% |
Return on Invested Capital (Normalized) | 29.91% | 7.43% | 34.43% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Booking Holdings Inc
BKNG
| LOCK|t%%xNFF> | LOCK|$% | $120B | |||
| Airbnb Inc Ordinary Shares - Class A
ABNB
| LOCK|g&k<sh | LOCK|^n | $95B | |||
| Royal Caribbean Group
RCL
| LOCK|%?nb^>t! | LOCK|YXWW! | $72B | |||
| Carnival Corporation Ltd
CCL
| LOCK|<$&b!^ | LOCK|$???> | $37B | |||
| Viking Holdings Ltd
VIK
| — | LOCK|!W | $35B | |||
| Trip.com Group Ltd
TRPCF
| — | LOCK|&p<Fq | $25B | |||
| Trip.com Group Ltd ADR
TCOM
| LOCK|cQ#D@< | LOCK|C^TPL | $25B | |||
| Norwegian Cruise Line Holdings Ltd
NCLH
| LOCK|zbC@Xrs | LOCK|dV<b | $7B | |||
| Tripadvisor Inc
TRIP
| LOCK|m#^n@KL | LOCK|KLL | $982M |
United States