Expedia raised its annual forecast for total bookings and revenue growth on Thursday, amid a rebound in demand in the United States, sending shares of the online travel company soaring more than 17 percent in extended trading.
The Seattle-based company now expects total bookings and revenue growth for 2025 to be between 3 percent and 5 percent, compared to the previous forecast of 2 percent and 4 percent.
Although U.S. travel demand has declined earlier, recent trends reinforce the company’s belief that people want to travel and will continue to prioritize it, Expedia CEO Ariane Goren said on a conference call with analysts.
“Since the beginning of July, we have seen an uptick in overall travel demand, especially in the US.”
Over the past month, several travel companies, including United Airlines and Wyndham Hotels, reported a rebound in U.S. demand after President Donald Trump’s tariff policies hurt travel spending in April.
Total bookings for the second quarter, driven primarily by growth outside the U.S., were $30.4 billion, an increase of 5 percent from a year ago. It recorded 105.5 million quarterly room reservation nights, 7 percent higher than last year.
The online travel platform’s adjusted earnings rose 21 percent to $4.24 per share during the quarter, compared to analysts’ average estimate of $4.10 per share, according to data compiled by LSEG.
Revenue for the quarter ending June 30 rose 6 percent to $3.79 billion, compared to $3.56 billion a year ago. Analysts on average expected US$3.7 billion.
            