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LoginJuly 31,According to Bloomberg,Due to the huge impact of the new crown epidemic on the tourism industry,Expedia revenue fell sharply by 82% in the second quarter。In after-hours trading,The company’s stock price fell 4.8%。
The Seattle-based online travel giant announced,In the three months ended June 30,Total bookings are 27.USD 100 million,A decrease of 90% compared with the same period last year。Revenue for the quarter 188bet app dropped to 5.USD 6.6 billion,The lowest level in the past 10 years。Adjusted before interest、Tax、Loss before depreciation and amortization is 4.US$3.6 billion。
Expedia CEO Peter Kern said in a statement: “The second quarter of 2020 may have been the worst quarter in the modern history of the travel industry,Expedia is certainly not immune。”He also said,After hitting the bottom in April,Gross bookings increased slightly in May and June。
Expedia’s vacation rental unit Vrbo is leading this temporary recovery,As restless city dwellers explore mountains within driving distance of their homes、Lake and National Park。Domestic vacation rental industry may lead tourism recovery,For the entire industry,For the entire industry,The recovery will be “bumpy and unstable”。
188bet Online Sports Betting and Casino : Civil Aviation Resource Network, Author: Star, original title:《Expedia bookings fell by 90% in the second quarter and revenue was the lowest in ten years》.
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