Online travel giant Booking Holdings trimmed its 2024 outlook on Tuesday, citing lingering fallout from the Middle‑East conflict that is dampening demand in several key markets. The company now projects revenue growth of a high‑single‑digit percentage for the full year, a step down from the low‑double‑digit range it had guided earlier.

Adjusted earnings per share expectations were also revised lower, now seen rising by a low‑to‑mid‑teens pace rather than the mid‑teens growth previously forecast. Analysts had been modelling a stronger rebound, but the firm’s updated guidance reflects uncertainty around travel to and from regions directly affected by the hostilities.

For the current quarter, Booking forecasts revenue growth of 4% to 6%, well short of the roughly 11% analysts on FactSet had expected. The gap underscores how quickly travel sentiment can shift when geopolitical risk spikes, and it puts pressure on the company’s operating margins as fixed‑cost platforms like Booking.com and Kayak absorb lower volume.

Investors will watch whether the revised outlook prompts a sell‑off in the stock, which has already slipped amid broader travel‑industry weakness. The downgrade also highlights the sensitivity of online travel agencies to macro‑political events, suggesting that any further escalation could force additional revisions to earnings and revenue targets.