Now may finally be the time for investors to book a position in Booking Holdings (NASDAQ: BKNG). After a pandemic that nearly brought the travel industry to a standstill, Booking has benefited from pent-up demand for travel. Who is Booking Holdings?
The travel industry is holding up much better than it was supposed to be at this point, boding well for 2024.
L1 Capital, an investment management firm, released its “L1 Capital International Fund” third quarter 2023 investor letter, a copy of the same can be downloaded here. In the September 2023 quarter, the fund outperformed the Index by 4.0% returning 3.6% (in Australian dollars). Year-to-date, the fund returned 28.3% (in Australian dollars), outperforming the Index by 11.6%. […]