Expedia jumps as optimism over profit beat overrides demand warning
Inflatie
Expedia shares jumped more than 8 per cent on Friday (Aug 9) as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead. Expedia has benefited from a sustained rise in international travel as tourists flock to destinations in the Middle East and Europe but expects demand to taper off as high borrowing costs and sticky inflation choke consumer spending. Domestic travel in the United States has been
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