Expedia Group Inc. warned of “softening” travel demand in the current quarter and will be adjusting its expectations for the rest of the year, the company said in a statement Thursday without providing further details.
The company issued the warning as part of its second-quarter results, which topped Wall Street’s expectations. “However, in July, we have seen a more challenging macro environment and a softening in travel demand. We are therefore adjusting our expectations for the rest of the year,” said Chief Executive Officer Ariane Gorin.
