Expedia Group CEO Says In Q2, Consumer Spending Was Healthy, In Particular In The U.S.; Consumers Continue To Prioritize Travel With Longer Lengths Of Stay And Longer Booking Windows, Even As Air Ticket And Hotel Prices Rose; World Cup Generated Modest Incremental Demand Late In The Quarter; A Lot Of Bookings Happened After The Tournament Began; Total Booked Room Nights Were Up 6%, With Mid-Single Digits In The Us, Low Single Digits In EMEA, And Low Double Digits In The Rest Of The World
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Why It Matters
Expedia saw people booking more travel in the second quarter, especially in the U.S., even though hotel and airplane tickets cost more. This shows that people still want to travel and take longer trips, which is a good sign for the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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