Expedia CEO: Q2 Consumer Spending Healthy, Travel Demand Resilient Amid Price Hikes
Expedia Group's CEO reported healthy consumer spending in Q2, particularly in the US, with travelers prioritizing longer stays and earlier bookings despite rising airfare and hotel prices. The World Cup added modest incremental demand late in the quarter.
Travel demand held up well in the second quarter, according to Expedia Group's chief executive, who described consumer spending as healthy, with the US showing particular strength. The company noted that travelers continued to prioritize travel, extending their stays and booking further in advance, even as air ticket and hotel prices increased.
The World Cup provided a modest lift toward the end of the quarter, generating incremental demand. The comments, made during the company's earnings conference call, underscore the resilience of the travel sector despite broader inflationary pressures.
Source: First Squawk