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Briefing
travel

Expedia Bookings Fell by 39% in First Quarter

By
Cory Weinberg
· · Source: The Information

Online travel firm Expedia said bookings fell by 39% and revenue by 15% in the first quarter as hotel and flight cancellations ravaged the business. That was no surprise to investors. Signs of a rebound sent its shares up 4% after hours. CEO Peter Kern, in his first earnings call in the top job, said growth had started to pick up in May as companies open up to more travelers. VRBO, the company’s...

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