Financial recovery continues at Expedia

The Expedia Group has reported a internet lack of $301 million for the three months to June.

The determine is, nonetheless, a considerable enchancment on the lack of $753 million reported in the identical quarter of 2020.

Expedia reported a $132 million working loss for the quarter, took $2.1 billion in income and noticed gross bookings price $21 billion.

The half-year working loss was $501 million, diminished from $2.1 billion in 2020, however this nonetheless left a $907 million internet loss for the six months to June.

Expedia Group chief government, Peter Kern, argued: “The second quarter saw continued improvement in many global travel segments, with North America in particular showing strength.”

Releasing the monetary outcomes for the interval, he added: “Strong vacation rental performance and improved conventional lodging.”

However, this was “offset by continued softness in international travel, corporate travel and consumer interest in smaller markets and lower-end accommodation”.

“The road to full travel recovery remains bumpy until more of the world is vaccinated,” he concluded.

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