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Expedia downgrades growth outlook due to weaker U.S. travel demand and drops in bookings.
Expedia Group Inc. has downgraded its full-year outlook for growth in gross bookings and revenue, citing weaker-than-expected travel demand in the US and a 7% drop in inbound travel bookings, with Canadian bookings down 30%.
The company now expects a 2% to 4% growth, down from a previous forecast of 4% to 6%.
Despite missing revenue and booking targets, Expedia's profitability exceeded expectations, with adjusted earnings per share at 40 cents.
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Expedia rebaja las perspectivas de crecimiento debido a la menor demanda de viajes en Estados Unidos y a la caída de las reservas.