The outlook for online travel is cloudy at best. There is no certainty as to when travel restrictions will be lifted as more U.S. states call for citizens to stay at home and coronavirus cases continue to climb.
Booking Holdings CEO Glenn Fogel told CNBC’s “Squawk on the Street” Thursday, “I think people are scared. It is very natural right now … People are much more concerned in terms of their immediate needs.
“You have people that are more concerned about, ‘am I going to have a job’? They’re thinking about that a lot more than, ‘am I going to