(Reuters) -Expedia raised its annual forecast for gross bookings and revenue growth on Thursday, amid a recovery of demand in the United States, sending the online travel company’s shares up more than 17% in extended trade.
The Seattle-based company now expects, both, its gross bookings and revenue growth for 2025 to be between 3% to 5%, compared to prior forecast of 2% to 4%.
Over the past month, many travel companies, including United Airlines and Wyndham Hotels, reported a rebound in U.S. demand after President Donald Trump’s tariff policies hurt travel spending in April.
Total gross bookings for the second quarter came in at $30.4 billion, up 5% from last year. It posted quarterly booked room nights of 105.5 million, 7% higher than last year.
The online travel platform’s adjusted profit rose 21% to $4.24 per share for the quarter, compared with average of analysts’ estimates of $4.10 per share, according to data compiled by LSEG.
Revenue for the quarter ended June 30, rose 6% to $3.79 billion, compared to $3.56 billion, a year ago. Analysts, on average, expected $3.7 billion.
(Reporting by Aishwarya Jain and Anshuman Tripathy in Bengaluru; Editing by Leroy Leo)
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