Soaring hotel bookings pushed revenue higher at Expedia Inc., but the online travel agency's fourth-quarter profit fell 90 percent because of money it set aside to appeal a tax dispute in Hawaii.
Nights booked for hotel stays jumped 33 percent as demand grew for a second straight quarter in Europe, Asia and the Americas. Room nights rose 19 percent in the U.S., the best gain in two years. The average room rate fell 3 percent.
Investors seemed to focus less on the bottom line and more on the strong hotel sales and surprising 24 percent jump in revenue. Expedia shares rose in after-hours trading, adding to gains during the regular session.
en savoir plus
Nights booked for hotel stays jumped 33 percent as demand grew for a second straight quarter in Europe, Asia and the Americas. Room nights rose 19 percent in the U.S., the best gain in two years. The average room rate fell 3 percent.
Investors seemed to focus less on the bottom line and more on the strong hotel sales and surprising 24 percent jump in revenue. Expedia shares rose in after-hours trading, adding to gains during the regular session.
en savoir plus
Consultez la source sur Veille info tourisme: Expedia les bénéfices plongent de 90 à cause de la hausse des charges