Market Updates
Expedia Bookings and Revenues Soar
Scott Peters
05 Aug, 2022
New York City
Expedia Group fell 1.1% to 101.02 and the online travel booking platform operator reported stronger-than-expected revenues and earnings in its latest quarterly report.
Gross bookings soared 26% to $26.1 billion as travel demand further improved on higher demand for lodging, air and other products.
Bookings for hotels soared 57% from a year ago and 8% higher than in the second quarter of 2019, the previous peak.
Second quarter revenues increased 51% to $3.2 billion and net loss shrank to $185 million from $301 million a year ago.
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