Tourism will zoom in summer, aided by news of vaccine, says Expedia CEO

"People will think, 'Well, by the summer Europe might be open, or I might have the vaccine, so let's book it,'" Expedia CEO said

Tourists at a beach
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Tourists at a beach

Nikki Ekstein | Bloomberg
Things are looking good for Expedia Group—well, relatively, anyway.
 
Its third-quarter earnings report shows a company that’s still pulling in $1.5 billion in quarterly revenue, exceeding mid-pandemic expectations, even if that it represents $221 million in losses. Parts of the business, such as airfare sales, may have tanked, but others, like rental home platform VRBO, are compensating.
 
Instead of looking back at the last few months of bumpy business, though, Chief Executive Office Peter Kern—who assumed leadership of the company in April—would rather look forward. Even in comparison to other bullish industry leaders, Kern is steadfast in his conviction that

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First Published: Nov 16 2020 | 12:56 PM IST

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