fromwww.mercurynews.com
5 days agoExpedia raises full-year outlook on resilient travel demand
(Bloomberg/Ignacio Gonzalez) Expedia Group Inc. raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates. It also sees gross bookings growing 7%, again ahead of estimates and Expedia's previous guidance.
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