Evercore ISI’s Mark Mahaney views Reserving Holdings as one of many best-positioned shares to climate a slowdown in journey demand heading into 2023. Regardless of tumbling 14% this 12 months, Reserving affords worth to its shareholders and a “battle-tested administration” crew, Mahaney advised CNBC’s “Closing Bell” on Thursday. The corporate’s cautious strategy to its price construction and continued place as the biggest participant within the lodging area worldwide, sum up extra causes just like the inventory. “They may arguably develop sooner, post-Covid, publish normalization, than they have been again in 2019,” he stated. “That is a very good story to place collectively.” Wall Road is making ready for a slowdown in journey over the approaching months following a record-breaking summer time stemming from pent-up demand throughout the pandemic. Regardless of this backdrop, Mahaney views many journey companies extra favorably than different digital firms that benefitted from Covid-19 tailwinds and should now reduce prices amid a weakening macro atmosphere. “Journey firms reduce prices manner early on, so that they already go into this softening atmosphere with lean and imply price constructions,” Mahaney stated. In opposition to this backdrop, Mahaney additionally likes Airbnb , however views Reserving as a extra favorable journey play as a result of it is cheaper. Mahaney joins CNBC Professional Talks for a stay dialogue Friday .