Expedia Adjusts 2024 Growth Forecast Amid Vacation Rental Challenges

Expedia, the prominent online travel agency, has revised its full-year revenue growth forecast for 2024, citing challenges in its vacation rental platform and underperformance in its business-to-consumer segment. This adjustment comes as gross bookings faced obstacles, impacting the company’s overall revenue projections.

The vacation rental unit experienced a notable drag, contributing to the downward revision of Expedia’s growth outlook. Additionally, the business-to-consumer segment struggled to meet expectations, further influencing the company’s revised forecast.

The decision to lower the growth forecast reflects the complexities and uncertainties faced by Expedia in navigating the evolving travel landscape. Despite ongoing efforts to adapt to changing market dynamics, the challenges encountered in certain segments have necessitated a reassessment of revenue projections for the year.

Sources: AirGuide Business airguide.info, bing.com, reuters.com