(AOF) – Expedia is expected to fall by more than 10% in pre-market trading on Wall Street after lowering its growth forecast for 2024 to a range of 5 to 9%. The tourism specialist blames its hotel booking brand, Vrbo, whose recovery has been slower than expected following the recent overhaul of the platform, which has put pressure on gross bookings. The group posted a 3% increase in gross bookings to $30.2 billion and an 8% increase in revenue to $2.9 billion. The group’s net loss reached $135 million.
AOF – LEARN MORE