AI Disruption Splits Travel Stocks: Booking -22%, Marriott +14%

AI disruption fears have split the travel and leisure sector, driving a selloff in online-booking platforms and a rally in traditional hotel operators. TripAdvisor Inc. fell 29% this year to a two-year low after disappointing earnings; Booking Holdings Inc. and Amadeus IT Group SA each lost 22%. Citi analysts downgraded Amadeus, citing limited near-term payback from AI-related risks. By contrast, Marriott International Inc. gained 14%, and Hilton Worldwide Holdings Inc. rose 12% after its Feb. 11 earnings report prompted a price-target hike on Hilton. The sell-off accelerated in early February, expanding to IT services, wealth management, real estate platforms, and logistics stocks following new tools from Anthropic PBC.