Booking Holdings beat Wall
Street estimates for first-quarter profit on Thursday, as strong
demand for international travel offset moderating leisure travel
demand in the U.S. Shares of.
May 2 - Online travel agency Expedia cut its
2024 revenue growth forecast on Thursday, as gross bookings were
hit by poor performance in its business-to-consumer segment. .
"Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth, with margins relatively in line versus last year," said CEO Peter Kern. The company was expecting a boost in profits after the migration of its Vrbo vacation rentals brand to the Expedia platform, which allows travelers to book across Expedia's brands. Seattle-based Expedia reported a quarterly adjusted profit of 21 cents per share, co
May 2 - Booking Holdings reported higher
first-quarter profit on Thursday, as strong demand for
international travel offset moderating leisure travel demand in
the U.S. .
(Reuters) - Booking Holdings reported higher first-quarter profit on Thursday, as strong demand for international travel offset moderating leisure travel demand in the U.S. International travel demand is expected to remain strong this year as globa.