DA Davidson analyst Tom White lowered his price target on Trivago to $5.50 after the company's Q1 results, citing the 3% decline in revenues and lowered FY18 guidance. White says the investors should particularly monitor Trivago's revenue diversification efforts, with the progress thus far seen as limited as Booking Holdings (BKNG) and Expedia (EXPE) accounted for 76% of sales in the quarter. Given the limited visibility and a "fluid" monetization landscape, White keeps his Neutral rating on Trivago.

WEX (WEX) announced that it has reached a new long-term agreement with Booking.com (BKNG), effective April 2024. This agreement distinguishes WEX as Booking.com's preferred virtual card provider as it continues providing WEX payment solutions in support of Booking.com's payments vision to make buying and selling travel-related products and services easier for everyone. "With more than 800,000 active customer relationships worldwide, WEX is proud to work with eight of the top ten online travel agencies globally, including Booking.com," said Carlos Carriedo, WEX's Chief Operating Officer, International. "Building on years of working together, we remain committed to delivering WEX's deep expertise in both payments and travel, as well as the reliability of our technology platform, to help Booking.com power its B2B travel payment activities 24/7 and 365 days/year at scale, globally." Booking.com first became a WEX customer in 2013. Over a decade later, WEX now processes payments for Booking.com across the world.