Booking, Expedia Face ‘Modest’ Hit From Cross-Border Travel Drop

Would a plunge in U.S. inbound travel from Europe and Canada spell catastrophe for Booking Holdings and Expedia?

A BTIG note Thursday from Research Analyst Jake Fuller said a drop-off would hurt the online travel agencies, but that the impact would be “modest.”

That’s because the bulk of their bookings are “local,” according to Fuller. The majority of Expedia’s bookings are domestic U.S.,