BOOKING HOLDINGS INC

Expedia Warns of Soft Demand Even as It Posts an Earnings Beat

Expedia Warns of Soft Demand Even as It Posts an Earnings Beat

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 statementBloomberg Terminal. Wall Street was expecting $28.6 billion, according to data compiled by Bloomberg. Source link lol
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Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb saidBloomberg Terminal it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Source link lol
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