Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year.
Gross bookings across Expedia’s platforms, which include flight reservations, hotel stays, car rentals activities and vacation rentals, increased 6% to $28.8 billion in the three months ended June 30, the company said Thursday in a statement. Wall Street was expecting $28.6 billion, according to data compiled by Bloomberg.
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