Expedia's Positive Outlook Amid Travel Recovery
"Let's go to Expedia. Ticker is XXP and that was definitely on the move this week too. The stock is nearly up 18% since it reported last night. Unlike under consumer stock, the travel booking site raised its fullear outlook. It kind of shows that people expect to keep traveling. Though there remain concerns with flight cancellations and the FAA noting that maybe up to 20% of US flights could be cancelled soon."
Expedia (XXP) is reported up nearly 18% following improved guidance, despite looming risks from potential flight cancellations. The commentary underscores a generally positive near-term travel industry sentiment.
Expedia Ups Guidance on Strong Travel Trends
"Uh got to mention Expedia. It's your number one gainer in the S&P 500. Uh the stock finishing with uh a rise of about 17.5%. Uh it is now up about 40% year to date. The company raising its full year gross bookings and revenue outlook. Signal that strong travel trends are continuing into the holiday quarter. So revenue this year now expected to increase 6.5% at the midpoint. Gross bookings are expected to grow 7%. That's both ahead of estimates and Expedia's previous guidance. Uh I should point out the outlook does not take into account the US government shutdown and the company has yet to see an impact just over a month in according to the company's CEO."
Expedia experienced significant gains with a 17.5% rise and a 40% year-to-date increase, prompting the company to raise its guidance on gross bookings and revenue. Strong travel trends are expected to sustain growth into the holiday quarter, with revenue and bookings set to beat estimates.
Expedia Shows Resilient Travel Demand
"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.