Expedia CFO Says Demand Healthy but Growth to Decelerate in H2
Expedia Group's CFO noted that strong demand trends from Q2 into Q3 are expected to continue, but warned of deceleration in the second half due to tougher comparisons and some impact from the Middle East conflict on fuel and ticket prices.
On a conference call, Expedia Group's Chief Financial Officer stated that the company assumes the healthy demand trends observed through the second quarter and into the third quarter will persist.
The CFO noted that this is led by a strong U.S. and domestic market. However, the conflict in the Middle East is having some effects, including secondary impacts on jet fuel and ticket prices.
Looking ahead, growth rates are expected to decelerate in the second half of the year as the company faces tougher year-ago comparisons.
Source: First Squawk