BKNG · Earnings call · 2026Q3T · Full report

Middle East Conflict Impact

Booking Holdings Inc. · 2026-11-03 · Importance 40 · Surprise 42

Management said the Middle East conflict was weighing on long-haul travel through elevated airfares and reduced capacity on certain routes. In October, disruptions to travel to and from the Middle East, broader indirect effects of the conflict and localized unrest in European cities affected demand. The fourth-quarter guidance assumes the conflict’s direct and indirect travel impacts persist through the end of 2026.

Key facts

• Booking Holdings' fourth-quarter outlook assumes that direct and indirect Middle East conflict impacts on travel persist through year-end.
• The Middle East conflict's indirect effects, including elevated airfares and reduced capacity on certain routes, weighed on long-haul travel demand.