Expedia’s shares experienced a downturn following weaker-than-expected demand trends. The company has observed a reduction in air travel among Americans, and Canadian visits to the U.S. have significantly decreased. This trend, sometimes referred to as the ‘Trump Slump,’ has impacted Expedia’s earnings, showing a cooling in U.S. travel demand. As a result, Expedia missed its quarterly revenue estimates, causing its stock to drop.
— new from WSJ