Connect with us

Hi, what are you looking for?


Expedia exceeds Street projections on record hotel reservations

Photo: Expedia

On Thursday, Expedia Group Inc. (EXPE.O) exceeded Wall Street projections for first-quarter revenue on record lodging reservations and rising international travel demand.

After-hours trade boosted business shares by 4.3%.

“The first quarter saw strong travel demand driven by increasing international travel, major city travel, and the reopening in Asia,” Expedia Group CEO Peter Kern said.

Gross bookings grew 20% to 29.4 billion.

The and operator’s adjusted first-quarter loss of 20 cents per share missed analysts’ projections of 4 cents.

The online booking company’s first-quarter sales jumped 18% to $2.7 billion, above analysts’ average expectation of $2.6 billion.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The future of technological innovation is here. Be the first to discover the latest advancements, insights, and reviews. Join us in shaping the future.

You May Also Like


Every year, new gadgets are brought to the market as technology advances. The debut of some of the most cutting-edge and intriguing gadgets ever...


Are you ready to enter a world of limitless possibilities? Artificial Intelligence is here, and it's changing the game. From improved healthcare to increased...


What distinguishes open-source software from proprietary software? See the pros and cons of this tech favorite. Pros: Open-source software is usually free or low-cost...


Get ready to embrace the future with open arms - the top 10 tech trends of 2023 are about to revolutionize the world!"  ...