Expedia Group CEO Ariane Gorin said travelers are still booking trips despite record-high gas prices, telling Yahoo Finance at the Goldman Sachs Communacopia & Tech Conference that Labor Day searches rose 35%, with vacation destinations like Las Vegas and places in Mexico leading demand. Gorin added that fall searches are shifting toward expensive cities such as Chicago, Boston and New York, and that more customers are using the company's budget and all-inclusive filters to find deals. According to AA, the national average gas price on Labor Day was $4.15 per gallon, the most expensive Labor Day ever at the gas pump. Expedia reported a 14% year-over-year revenue increase in the second quarter, with adjusted earnings per share up 36% from the prior year, and raised its full-year 2026 outlook, lifting revenue growth guidance to 9%-10% from 6% to 9% and increasing gross bookings projections to as high as $130.8 billion. Evercore ISI analyst Mark Mahaney called the valuation compelling at 14x P/E, citing a sustainable mid-teens EPS outlook supported by B2B segment growth above 20%, margin improvement and advertising revenue growth.
Evercore Partners Inc
Goldman Sachs Group IncExpedia Group Inc.Expedia reported 14% Q2 revenue growth, 36% adjusted EPS growth, and raised full-year 2026 revenue and gross bookings guidance.
