Expedia Reports Slowdown Due To US Travel Boycott

CTV News reports:

Expedia Group said Friday that reduced travel demand in the United States led to its weaker-than-expected revenue in the first quarter. In a conference call with investors Friday, Expedia CEO Ariane Gorin said U.S. demand was even softer in April than March.

Expedia, which owns the lodging reservation platforms Hotels.com and VRBO as well as an eponymous online travel agency, was the latest American company to report slowing business with both international visitors and domestic travelers.

Airbnb and Hilton noted the same trends last week in their quarterly earnings reports. Most major U.S. airlines pulled their full-year financial guidance in April and said they planned to reduce scheduled flights, citing an ebb in economy passengers booking leisure trips.

Read the full article. Expedia says its Canada-to-US bookings are down by 30%.

Expedia says lower demand for U.S. travel led to weaker-than-expected revenue

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