“I'm not worried about interest rates”
BKNG is a strong hold due to profitable customer float management, high coverage ratios, and aggressive share repurchases that benefit from price declines.
And here I'm talking about Wise and Booking Holdings because these companies hold cash for their customers.
Coming to Booking Holdings, this is different, right? Because people pay in advance when they're booking hotels. They get to keep the cash, and then they're going to pay the hotels after the person has checked out.