Booking Holdings Stock Looks Like a Long-Term Winner in Travel. Here's Why.

Booking Holdings (NASDAQ: BKNG) stock just hit an all-time high, but it might not be too late for investors to jump on board. Strong first-quarter results, fueled by continued enthusiasm around travel after COVID-19 lockdowns, sent shares to a new all-time high in May. Shares have continued to trade around that level since.

While room nights and gross bookings reached new highs, Booking's bottom line hasn't recovered to pre-pandemic levels. It's moving higher -- the 158% year-over-year improvement in operating income is a testament to that -- but it's going to be a while before Booking returns to the mid-30% operating margin it produced before 2020.

When it gets there, though -- and it's on a path to get there -- it will be a much bigger and more profitable company than ever before.

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Source Fool.com