The Acquirers Podcast · Thursday, October 1, 2026
Jonathan Boyar of Boyer Value believes the market has overreacted to AI's potential disruption of companies like Booking and Airbnb. He argues that these platforms have strong competitive advantages and handling complex travel logistics, which AI alone cannot replicate. Boyar suggests the current stock prices present an opportunity for long-term investors.
“So take that for what it's worth. But they're saying something like booking is not going to be necessary. And it's ridiculous. You know, they said Google tried to take it over, not the company, but tried to take the space. They couldn't do it.”
“Booking is competitively advantaged and would be very difficult for someone to replicate what they've done.”
“And Muse is not going to be able to handle canceling reservations, dealing with the hotels, dealing with all the intricacies of travel, dealing with the EU regulations.”