Booking, Expedia, Travelzoo, Tripadvisor Shares Soar As OpenAI Steps Back From Direct ChatGPT Bookings
Online travel agencies like Expedia, Travelzoo, and Booking Holdings saw a significant rally after OpenAI reportedly decided to scale back its plans for direct bookings within ChatGPT. This move eased investor fears that generative AI would disrupt traditional travel platforms by attempting to manage the complex, real-time inventory of travel. Instead, OpenAI plans to focus on integrations with third-party apps, effectively reaffirming the value of existing intermediaries in the travel industry.
https://www.benzinga.com/markets/equities/26/03/51089878/booking-expedia-travelzoo-tripadvisor-shares-soar-as-openai-steps-back-from-direct-chatgpt-bookings