Price collapse for travel site Expedia - uncertain booking situation

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Price collapse for travel site Expedia - uncertain booking situation
Photo: Nick Ut/AP/TT

Expedia maintains its full-year forecast but warns that reductions may be necessary if macroeconomic conditions - including an uncertain geopolitical situation and upward price pressure - remain uncertain.

Expedia expects bookings of $32.5-33.1 billion in the second quarter and revenue of $4.1-4.2 billion.

For the full year, the forecast is for bookings of $127–129 billion and revenues of $15.6–16.0 billion.

In the first quarter, bookings increased by 13 percent year-on-year and revenues by 15 percent, to $3.4 billion - in line with expectations.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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