(Bloomberg) – Expedia Group Inc. released weaker bookings for the first three months of 2025, indicating that domestic travel demand began to soften even before U.S. tariffs rocked global markets.
The company said in a statement Thursday that its platform for hotels, flights, car rentals and vacation home bookings totaled $31.5 billion, with the lack of average analyst estimates of $31.8 billion. Customers booked 107.7 million nights through Expedia’s travel website, which includes Expedia.com, Hotels.com and short-term rental market VRBO, also below analyst forecasts.
“Although within the U.S. guidance, we have released first-quarter bookings and revenue within the guidance,” CEO Ariane Gorin said in a statement.
Expedia’s stock fell 5.3% in expansion trading after the results were announced.
Expedia generates nearly two-thirds of its revenue in the U.S., making it a powerful area for domestic travel demand and consumer discretionary spending.
Online travel peers booking holding companies and Airbnb Inc. outsized estimates in the first quarter, but both released second-quarter financial guidance that exceeded expectations, blaming economic uncertainty in the U.S. and softer travel demand in the U.S.
Expedia will call investors at 4:30 p.m. in New York Times, and Wall Street will listen to the prospects during the current period.
According to data compiled by Bloomberg, average analyst forecasts indicate that scheduled nights in the second quarter increased by 6.3%.
The company said in February that growth is expected to slow further for the full year, when it provided guidance for 2025 with total bookings ranging from 4% to 6%.
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