Shawn O’Malley and Daniel Mahncke break down Booking Holdings (ticker: BKNG), the world’s largest travel company, with a particularly dominant market share in Europe, boasting control of brands like Booking.com, Agoda, Kayak, and rentalcars.com. What you’ll learn here: 00:00:00 - Intro 00:26:30 - What are the subtle differences between Expedia, Booking, and Airbnb 00:28:42 - How Booking.com established a foothold in Europe despite Expedia’s dominance in North America 00:58:24 - What Alphabet could do to seriously disrupt Booking 01:03:39 - How Booking uses price parity to protect its value-add to customers 01:06:23 - Whether Booking can be disrupted by AI 01:12:16 - About the flawed approach the company has taken with its management comp 01:21:33 - Why the global travel industry should continue to outpace GDP growth 01:24:40 - How to think about modeling BKNG’s intrinsic value 01:26:22 - Whether Shawn and Daniel add BKNG to their Intrinsic Value Portfolio Transcript & Host Info: https://www.theinvestorspodcast.com/intrinsic-value-podcast/booking-holdings-bkng-does-booking-yeah-value-yeah-w-shawn-omalley-daniel-mahncke/ 📨 Sign up for The Intrinsic Value Newsletter: https://www.theinvestorspodcast.com/subscribe-youtube/ 🤝 Connect with dedicated, savvy investors who are committed to building wealth alongside you. https://www.theinvestorspodcast.com/intrinsic-value-community/ 📈 Learn how to invest like the legends at https://theinvestorspodcast.com/getstartedwithstocks. Use the discount code “STOCKS15” at checkout. Our Sponsors: 💰 Start building your long-term portfolio today and unlock an uncapped 1% transfer bonus. https://public.com/tivp ▶️ Related Episodes: - Airbnb: Invest in a Silicon Valley Gem?: https://youtu.be/dqlyctx0te0 - Unpacking Alphabet: How Google & AI Shape the Future: https://youtu.be/5WYxGi_7rMk - A Deep Dive on Uber's Playbook: Cash Burner to Compounder?: https://youtu.be/rVv9GkC68II Listen to our episodes here: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM Visit our website: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #Bookingholdings #BKNG #BookingCom #Airbnb #TravelStocks