FILE PHOTO: Figurines are seen in front of the Expedia logo in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Expedia shares jumped more than 8% on Friday as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead.
Expedia has benefited from a sustained rise in international travel as tourists flock to destinations in the Middle East and Europe, but expects demand to taper off as high borrowing costs and sticky inflation choke consumer spending.
