Expedia tumbles as Middle East conflict, Mexico travel advisory hit bookings

Expedia shares fell 8% before the bell after conflict in the Middle East and a travel advisory in Mexico reduced quarterly bookings and room-night growth by about 200 basis points. The update points to near-term demand headwinds for the online travel business, with geopolitics directly pressuring travel activity.

Analysis

Expedia shares fell 8% before the bell after conflict in the Middle East and a travel advisory in Mexico reduced quarterly bookings and room-night growth by about 200 basis points. The update points to near-term demand headwinds for the online travel business, with geopolitics directly pressuring travel activity.