Latest news with #DanWasiolek
CTV News
a day ago
- Business
- CTV News
Expedia shares soar on upbeat forecast, U.S. travel rebound
A traveller walks through the domestic departures level at Toronto's Pearson International Airport, which remained unaffected, on Thursday, July 3, 2025. THE CANADIAN PRESS/Chris Young Shares of Expedia surged more than 17 per cent in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. 'Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.,' CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3 per cent to 5 per cent, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7 per cent in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, 'but it appears prospective U.S. travelers are prepared to book again,' said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott MAR.O and Airbnb ABNB.O in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19. Reporting by Aishwarya Jain in Bengaluru; Editing by Devika Syamnath, Reuters
CNA
a day ago
- Business
- CNA
Expedia shares soar on upbeat forecast, US travel rebound
Shares of Expedia surged more than 17 per cent in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3 per cent to 5 per cent, up 1 per centage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7 per cent in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott and Airbnb in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19.
Reuters
a day ago
- Business
- Reuters
Expedia shares soar on upbeat forecast, US travel rebound
Aug 8 (Reuters) - Shares of Expedia (EXPE.O), opens new tab surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott (MAR.O), opens new tab and Airbnb (ABNB.O), opens new tab in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19.
Yahoo
a day ago
- Business
- Yahoo
Expedia shares soar on upbeat forecast, US travel rebound
(Reuters) -Shares of Expedia surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott and Airbnb in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19. Sign in to access your portfolio
New York Post
4 days ago
- Business
- New York Post
Marriott trims full-year forecast for revenue, profit as travel demand to US falters
Marriott International – the largest hotel company in the world – cut its full-year forecast for revenue growth and profit as travel demand in the US slows, the company said on Tuesday. Total room revenue in the US and Canada was flat for the second quarter, up just 1%, compared to a year ago, the Bethesda, Md.-based reported. The slowdown is mostly hitting its lower-cost hotels that include Marriott Courtyard, Fairfield Inn and SpringHill Suites, which were also hard hit by a 17% decline in bookings from government workers, the company said. 3 Marriott trimmed its revenue and profit forecast for the year as budget conscious travelers pull back on their spending. Cerib – 'The low end of the travel segment is underperforming across the board right now,' Morningstar analyst Dan Wasiolek said. 'There is still elevated inflation in areas of the economy that is impacting budget-conscious customers.' Marriott said it now expects 2025 revenue growth of 1.5% to 2.5%, below its previous guidance of 1.5% to 3.5% growth. It also lowered its profit guidance to $9.82 to $10.08 per share down, from $9.85 to $10.08. The company blamed 'heightened macro-economic uncertainty' due to trade policy changes. 3 The company blames 'macro-economic uncertainty' for a slowdown in travel to its US properties. Davizro Photography – Marriott's luxury hotel brands, including the Ritz-Carlton, St. Regis and JW Marriott, saw a 4.1% increase in room revenue in the US and Canada in second the quarter. The average room rate for luxury properties was $417 compared with $161 for its budget properties, according to Wasiolek. Marriott's total revenue rose 5% to $6.74 billion, fueled by its upscale properties and overseas business. The company did not address international tourism to the US but there have been widespread reports of a pullback in visitors from Canada, Mexico and other countries due to blowback over President Trump's tariffs. 3 Marriott CEO, Anthony Capuano, says the signing of One Big Beautiful Bill ended some of the uncertainty that had been a concern for the industry. Getty Images Marriott CEO credited the signing of Trump's Big Beautifull Bill into law last month, for helping to curtail uncertainty that had depressed business. 'In some ways, the best thing about [the bill] is that it's done. The level of uncertainty, both among consumers and among our owners and franchisees, improves meaningfully with the signature on that bill,' Capuano said on an earnings call.
