Booking Slides as Second-Quarter Guidance Misses on Mideast

The Booking.com corporate offices in Amsterdam.Photographer: Lina Selg/Bloomberg

Booking Holdings Inc forecast worse-than-expected second-quarter revenue growth and cut its outlook for the full year as travel demand suffers from the conflict in the Middle East.

Revenue growth for the period ending June 30 will be 4% to 6%, Booking said on Tuesday, well below the Wall Street consensus estimate of 11%. The company said the Middle East-driven impact on travel would continue through the end of June.