Getaways
Expedia's bounceback in hotel bookings looks good - until you compare it to how many people are flocking back to Airbnb
2 days ago | By Business Insider
Employees shouldn't have to work while on vacation. Jasmina007/Getty Images
Expedia reported 8% growth in lodgings bookings from the same quarter in 2019.
That progress looks good until you remember Airbnb just posted three-year growth of 73%.
Airbnb's profit also improved by about $700 million.
The late-pandemic return to travel has obviously been good for companies supplying ways to book getaways. However, the upside, as always, is relative. Late Thursday, online travel agent Expedia Group reported second-quarter results that beat Wall Street's quarterly revenue and profit expectations...
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