Airbnb Grew Twice as Fast as Booking, What Happened?

Booking Holdings is up roughly 24% since I published "Why the AI Bear Case Has It Backwards" in February, as the market starts to shrug off the AI fears for now. But there are two things in this quarter's numbers I think are important to flag: the cost of the search transition, which is now visible in Booking's marketing line, and what Airbnb is doing on the other side of it. The post Airbnb Grew…