7 Best Consumer Cyclical Stocks To Buy According to Hedge Funds

2. Booking Holdings Inc. (NASDAQ:BKNG)  

Number of Hedge Fund Investors: 96

Booking Holdings Inc. (NASDAQ:BKNG) is a global player in the online travel industry. The company operates in over 220 countries and has a diverse range of brands, including Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Booking Holdings Inc. (NASDAQ:BKNG) provides services for hotel reservations, car rentals, airline tickets, cruise lines, and vacation packages.

Booking Holdings Inc. (NASDAQ:BKNG) has a strong presence in Europe and North America and is expanding its operations in emerging markets. The company operates in a huge and moderately growing market. According to Zion Market Research, the global tourism market size was valued at $11.39 trillion in 2023 and is forecasted to grow to $18.44 trillion by 2032 with a compound annual growth rate (CAGR) of roughly 5.5% between 2024 and 2032.

Booking Holdings Inc. (NASDAQ:BKNG) has over 29 million listings and about 3.4 million properties on its platform. The company is expanding its platform to new geographies and developing new products and services. The company is also investing in technology to improve the user experience and increase efficiency.

In addition, the company has a strong growth outlook, a high-quality business model, and a strong presence that makes it a compelling investment opportunity.