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Expedia shares rise on positive travel forecast
Expedia shares surge nearly 12% as optimistic travel forecast hints at US recovery
Expedia shares surge nearly 12% as optimistic travel forecast hints at US recovery
In Short:
– Expedia shares increased by nearly 12% due to an upgraded gross bookings forecast.
– CEO Ariane Gorin reported rising U.S. travel demand, expecting 3% to 5% growth in gross bookings for 2025.
– Expedia shares increased by nearly 12% due to an upgraded gross bookings forecast.
– CEO Ariane Gorin reported rising U.S. travel demand, expecting 3% to 5% growth in gross bookings for 2025.
Expedia shares rose nearly 12% following an upgraded full-year gross bookings forecast.
According to Reuters, the online travel agent reported a positive outlook regarding the recovery of U.S. travel demand.
CEO Ariane Gorin noted an increase in travel demand since early July, particularly in the U.S.
The company now anticipates gross bookings growth of 3% to 5% for 2025, an increase from its previous estimate.
Projected Growth
Morningstar analyst Dan Wasiolek predicts that bookings growth could reach 7% in 2026 as demand continues to improve, benefiting from clearer policy guidance. Danni Hewson from AJ Bell explained that while tariffs had previously hampered travel spending, consumers now seem willing to make bookings again.