Booking Holdings Inc., the parent company of online travel platforms including Booking.com and Kayak, has lowered its full-year revenue growth forecast as ongoing conflict in the Middle East continues to impact travel demand.

The company now expects revenue to grow at a high-single-digit rate for 2024, marking a reduction from its previous forecast of low-double-digit growth. The revision reflects broader challenges facing the travel industry as geopolitical tensions affect consumer booking patterns and destination preferences.

Booking Holdings operates several major travel booking platforms that serve millions of customers worldwide. The company's brands include Booking.com, one of the world's largest accommodation booking sites, as well as travel search engine Kayak and other travel-related services.

The Middle East conflict has created uncertainty in global travel markets, with travelers showing increased caution about international trips and some avoiding certain regions entirely. This shift in consumer behavior has prompted travel companies to reassess their financial projections for the remainder of the year.

The revised outlook suggests that even major online travel platforms, which had shown resilience in recovering from pandemic-related disruptions, are not immune to the effects of regional conflicts on global travel patterns.