In early May 2026, Booking Holdings cut its full-year guidance due to the Middle East conflict and fresh regulatory scrutiny in Europe, while also issuing new senior unsecured notes in US$750.00 million and €1.90 billion tranches to bolster financial flexibility. This combination of weaker guidance, higher regulatory risk, and increased leverage underscores how geopolitical tensions and oversight can directly influence financing decisions and business priorities for global travel...