Worsening US Travel Demand Drags Down Expedia’s Q1 Results, Earnings Outlook

Expedia lowered its full-year forecast after weaker U.S. travel demand and falling inbound bookings hurt first-quarter results.

A general view of the launch of new Citi and Expedia travel credit cards in New York City on Sept. 17, 2014. Mike Coppola/Getty Images for Citi

Expedia Group, the popular online travel booking platform, cut its full-year outlook this week as weakening U.S. travel demand and a sharp drop in inbound bookings pressured its business, sending shares lower.

The company reported a 4 percent increase in gross bookings to $31.5 billion and a 3 percent rise in revenue to $3 billion for the first quarter, both within guidance, the company’s earnings report released on May 8 showed.