• Expedia losses

Room night bookings were down 14% at Expedia in the first quarter. Gross bookings fell 39% to USD17,885m, leading to an operating loss of USD1,294m.

The group has raised additional capital, and cut expenditure to counter the downturn. An unprecedented volume of cancellations led to 22m customer contacts, over 10 weeks.

Read the full story here:

https://ir.expediagroup.com/static-files/eec35497-7b71-4fef-a89f-e60b54a604f0

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