Expedia lowers 2024 growth forecast on vacation rental unit drag
"Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth, with margins relatively in line versus last year," said CEO Peter Kern. The company was expecting a boost in profits after the migration of its Vrbo vacation rentals brand to the Expedia platform, which allows travelers to book across Expedia's brands.
"Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth, with margins relatively in line versus last year," said CEO Peter Kern. The company was expecting a boost in profits after the migration of its Vrbo vacation rentals brand to the Expedia platform, which allows travelers to book across Expedia's brands.
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