Brief: Expedia Group CEO Says In Q2, Consumer Spending Was Healthy, In Particular In The US - Conf. Call
BRIEF-Expedia Group CEO Says In Q2, Consumer Spending Was Healthy, In Particular In The US - Conf. Call Aug 5 (Reuters) - Expedia Group, Inc. EXPE.O:
EXPEDIA GROUP CEO: IN Q2, CONSUMER SPENDING WAS HEALTHY, IN PARTICULAR IN THE US - CONF. CALL
EXPEDIA GROUP CEO: CONSUMERS CONTINUE TO PRIORITIZE TRAVEL WITH LONGER LENGTHS OF STAY AND LONGER BOOKING WINDOWS, EVEN AS AIR TICKET AND HOTEL PRICES ROSE
EXPEDIA GROUP CEO: WORLD CUP GENERATED MODEST INCREMENTAL DEMAND LATE IN THE QUARTER
EXPEDIA GROUP CEO: A LOT OF BOOKINGS HAPPENED AFTER THE TOURNAMENT BEGAN
EXPEDIA GROUP CEO: TOTAL BOOKED ROOM NIGHTS WERE UP 6%, WITH MID-SINGLE DIGITS IN THE US, LOW SINGLE DIGITS IN EMEA, AND LOW DOUBLE DIGITS IN THE REST OF THE WORLD
EXPEDIA GROUP CEO: EUROPE REMAINED PRESSURED, PARTICULARLY OUTBOUND TRAVEL, AS MACRO HEADWINDS AND REDUCED AIR CAPACITY WEIGHED ON DEMAND
EXPEDIA GROUP CEO: APAC REBOUNDED FROM THE DISRUPTION RELATED TO THE MIDDLE EAST
EXPEDIA GROUP CEO: CONSUMER BOOKINGS WERE UP 8%, DRIVEN BY OUR FASTEST US GROWTH IN 15 QUARTERS
EXPEDIA GROUP CEO: WE'RE AN EARLY ADOPTER OF CHATGPT'S LATEST AD PRODUCT, EXPANDED OUR WORK ACROSS GOOGLE'S NEWER AI SERVICES
EXPEDIA GROUP CFO: ASSUMING THAT THE HEALTHY DEMAND TRENDS THAT WE HAVE SEEN THROUGH Q2 AND TO BEGIN Q3 HERE PERSIST
EXPEDIA GROUP CFO: HEALTHY DEMAND TREND LED BY A PARTICULARLY STRONG US AND DOMESTIC MARKET
EXPEDIA GROUP CFO: THE CONFLICT IN THE MIDDLE EAST IS HAVING SOME IMPACTS
EXPEDIA GROUP CFO: OUR BUSINESS THERE IS RELATIVELY SMALL, AND SO THE IMPACT IS LIGHTER
EXPEDIA GROUP CFO: THERE ARE SECONDARY IMPACTS IMPACTING JET FUEL PRICES, WHICH HAVE AN IMPACT ON AIRLINE PRICES AND TICKET PRICES
EXPEDIA GROUP CFO: STRENGTH OVERALL AND THE RESILIENCY IN THE TRAVEL MARKET AND CONSUMERS CONTINUING TO PRIORITIZE TRAVEL HAS LED TO A RELATIVELY RESILIENT ENVIRONMENT
EXPEDIA GROUP CFO: HAVE MUCH TOUGHER COMPS IN THE SECOND-HALF OF THE YEAR
EXPEDIA GROUP CFO: EXPECT GROWTH RATES TO DECELERATE ON TOUGHER COMPS
Source text: [ID:]
Further company coverage: EXPE.O
((Reuters.Briefs@thomsonreuters.com;))
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