Watch CNBC's full interview with Booking Holdings CEO Glenn Fogel

Glenn Fogel, CEO of Booking Holdings, discuss the state of the travel industry and the need for stimulus. It is so important for the industry to have a stimulus package. We need to have a viable airline industry and that means putting money to work now, not two months from now, says Fogel. We need to be preparing for more money for the entire industry. The travel industry is taking it harder than anybody and there's so many jobs at risk.