Booking Holdings reported that Canadians, and Europeans to a lesser extent, shifted away from traveling to the U.S. in the first quarter, similar to what the U.S. Travel Association has found.
Booking Holdings CFO Ewout Steenbergen said during the company’s Q1 earnings call on April 29 that Canadians are largely traveling to Mexico instead of the U.S., and Europeans are traveling to Canada, Asia and destinations in Europe.
“For us, it doesn’t matter,” he said. “We are agnostic to where they are traveling because usually they’re spending the same amount, just at another destination.”
Overall, Steenbergen reported “very stable demand” globally from January through March, with no economic impact on Booking Holdings’ business.
In the U.S., however, the OTA is seeing signs of belt-tightening.
Globally, Booking Holdings saw a year-over-year increase in length of stay, according to Steenbergen, but length of stay for U.S. travelers decreased. That could be an indicator Americans “are…
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