The Expedia Group has reported a web lack of $301 million for the three months to June.
The determine is, nonetheless, a considerable enchancment on the lack of $753 million reported in the identical quarter of 2020.
Expedia reported a $132 million working loss for the quarter, took $2.1 billion in income and noticed gross bookings price $21 billion.
The half-year working loss was $501 million, diminished from $2.1 billion in 2020, however this nonetheless left a $907 million web loss for the six months to June.
Expedia Group chief government, Peter Kern, argued: “The second quarter noticed continued enchancment in lots of world journey segments, with North America specifically exhibiting energy.”
Releasing the monetary outcomes for the interval, he added: “Sturdy trip rental efficiency and improved standard lodging.”
Nonetheless, this was “offset by continued softness in worldwide journey, company journey and shopper curiosity in smaller markets and lower-end lodging”.
“The highway to full journey restoration stays bumpy till extra of the world is vaccinated,” he concluded.
