Michael Chen ’20 pitched Booking Holdings (BKNG) to the Monday section of the Student Managed Investment Fund on February 17th, 2020. Booking Holdings is the world’s leading provider of online travel & related services, provided to consumers and local partners in more than 230 countries and territories through six primary brands: Booking.com, KAYAK, Priceline, Agoda, Rentalcars.com and OpenTable. The company has experienced an average 11.47% CAGR in revenue from 2014-2018 primarily through hotel accommodation services in Europe. It continues to invest in growing markets such as alternative accommodations and the Asia Pacific region. Through the recent acquisitions of OpenTable and FareHarbor, Booking Holdings is expanding with restaurant reservations and activities. These added offerings contribute to the company’s goal of becoming the “one-stop-shop” of travel. The class voted to buy 20 shares of BKNG and sell 600 shares of ELY.