Expedia shares are trading lower amid fears of further rate hikes, which could slow the economy and impact travel demand. The recent US COVID wave may also be impacting travel sentiment.
Portfolio Pulse from Bill Haddad
Expedia shares are trading lower due to concerns over potential further rate hikes that could slow the economy and impact travel demand. The recent US COVID wave may also be affecting travel sentiment.
September 07, 2023 | 3:54 pm
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Expedia's stock is trading lower due to fears of further rate hikes and the impact of the recent US COVID wave on travel demand.
The potential for further rate hikes could slow the economy, which would likely reduce travel demand and negatively impact Expedia's business. Additionally, the recent wave of COVID in the US could further dampen travel sentiment, leading to a decrease in bookings and revenue for Expedia.
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