Expedia’s fourth-quarter results surpassed Wall Street expectations, bolstered by strong international travel demand, particularly in Asia. The surge in cross-border travel within Southeast Asia has driven up prices for hotels and other travel services, contributing to the company’s success. Following the announcement, Expedia’s shares rose by about 8%.
The company also reinstated a quarterly cash dividend, declaring 40 cents per share for the first quarter.
In Europe, leisure travel demand has remained strong, fueled by both domestic and long-haul trips from affluent American travelers. Expedia has also benefited from integrating all of its brands, including Vrbo and Hotels.com, onto a single platform called “One Key.”
For the fourth quarter, Expedia reported adjusted earnings of $2.39 per share, surpassing the analyst estimate of $2.04, according to data from LSEG. Total revenue increased 10% to $3.18 billion, exceeding expectations of $3.07 billion.
