How Bookings Has Gained Share Since the Pandemic

Booking has really capitalized on the travel rebound since the pandemic and has gained some share. Expedia is almost back to pre-pandemic levels, but hasn't had the relative night growth that booking has had. I think they've done really well with marketing spend, but also merchandising. If you become a loyalty customer, which I think they call it genius customers, they've been able to offer discounts for certain customers in certain situations.