No qualifying author-owned investment thesis was confirmed in this post.
Author expresses concern about AI disruption but does not provide a clear directional investment thesis or catalyst.
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I’ve scooped some booking.com shares lately at sub $4000 level and i am currently having some cold feet and second thoughts about it. I am hoping that someone is able to provide me some insights.
First off, booking.com numbers are great, they are a dominant player, they have been aggressively buying back shares but i just cant seem to shake off the feeling that it is the most exposed to AI disruptions especially Google/Gemini.
Back in those days, the fear was that google might take on booking.com head on by launching its own travel & flight aggregator via google hotels & flights but it seems that they rather take in booking’s billions in ads spend back then. Now, i kinda feel that with gemini being integrated in google workspace & android, igoogle has every inventive to compete with booking.com via gemini just to keep its users in its ecosystem? For example, One can just easily prompt "Hey Gemini, find me a boutique hotel in Tokyo for under $250 a night, near Shinjuku station, with a gym and a good breakfast. Book it for March 10-15."
TLDR: i thought i was getting a good deal by buying a company that i use almost every week but now i am having second thoughts due to AI fears and disruptions.