Rafat Ali

📈 Last month, I analyzed the shifting dynamics between OTAs and travel demand. Using credit-card data, I found minimal correlation between consumer travel spending and OTA bookings, with R² values of 0.03 for Booking, 0.11 for Expedia, and 0.02 for Airbnb. Recent earnings reveal strong 16% growth in gross bookings for both Booking Holdings and Airbnb, indicating growth from share gains and monetization, not demand.