Expedia bookings up 11%

Expedia posted healthy revenue and earnings growth for Q2, 2019. Revenues for the quarter increased 9% to US$3.15 billion, beating analyst estimates. Expedia’s core travel agency business yielded the largest increase in gross bookings, rising 11% to US$23.3 billion. Gross bookings on vacation homes rental platform Vrbo only grew 2%, but revenue itself increased by 17% to US$347 million.