Airbnb and Expedia flag Middle East conflict demand hit
Airbnb and Expedia reported strong first-quarter revenue but warned that Middle East hostilities are weighing on demand. Expedia shares fell on a weak forecast. Airbnb also expects bookings growth to slow.
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AIRBNB INC-CLASS A and EXPEDIA GROUP INC warned of slowing travel demand as Middle East conflict triggered cancellations. Shares of Expedia fell 8% in late evening trading, while Airbnb dropped 1.5% following their quarterly forecasts. Geopolitical uncertainty is disrupting global travel routes, forcing major platforms to lower booking expectations for the second quarter.
