Expedia Shows Resilient Travel Demand

2 months ago

Tom Keane

"Okay, Expedia, ticker EXPE, their shares have been up as much as 15%. They also own Hotels.com. Verbbo, so keep that in mind. Um they say travel is back, continuing into the holiday quarter, raise their full-year outlook. Resilient travel demand, third quarter results exceeded expectations and a beat on adjusted earnings per share gross bookings. What's interesting is that they said demand um for rooms, they rose in both higher and lower in markets. So basically the wealthy and budget conscious consumers, they're both still looking to travel. Um the CFO said they're not seeing an impact from the shutdown yet, but they're keeping an eye on it just in case."

The commentary highlights Expedia's positive performance with shares up about 15%, driven by strong travel demand across different market segments and better-than-expected third-quarter results, despite uncertainties such as potential shutdown impacts.

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