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Expedia Group is experiencing weaker travel demand to the U.S., reporting a 7% decline in inbound travel and lowering its full-year growth expectations due to softening bookings and revenue. Choice Hotels also cut its revenue outlook, though it saw a 7% rise in revenue per available room from its budget brands, benefiting from factors like strong employment and low gas prices. Meanwhile, Sphere Entertainment plans to expand by developing smaller, more cost-effective versions of its large-scale Sphere venues, aiming for broader market deployment with better investment returns.
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Expedia Group is experiencing weaker travel demand to the U.S., reporting a 7% decline in inbound travel and lowering its full-year growth expectations due to softening bookings and revenue. Choice Hotels also cut its revenue outlook, though it saw a 7% rise in revenue per available room from its budget brands, benefiting from factors like strong employment and low gas prices. Meanwhile, Sphere Entertainment plans to expand by developing smaller, more cost-effective versions of its large-scale Sphere venues, aiming for broader market deployment with better investment returns.
Connect with Skift
LinkedIn: https://www.linkedin.com/company/skift/
WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/
Facebook: https://facebook.com/skiftnews
Instagram: https://www.instagram.com/skiftnews/
Threads: https://www.threads.net/@skiftnews
Bluesky: https://bsky.app/profile/skiftnews.bsky.social
X: https://twitter.com/skift
Subscribe to @SkiftNews and never miss an update from the travel industry.
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