Expedia shares surge in biggest spike since 2023, propelling peers higher, too

Expedia saw its biggest intraday share spike since early November 2023 after its strong earnings gave not only the company but also the US travel industry a boost.

The third-party online travel agency reported $24.4 billion in gross bookings (hotels, flights, car rentals, etc.) for its final quarter of 2024, topping expectations by more than a billion. Altogether, customers booked 86.4 million nights using Expedia’s travel sites — which include VRBO, the Airbnb competitor.

Expedia’s revenue grew double digits versus the same period in 2023. The majority (more than 60%) of its sales are domestic, and investors seem to view it as a bellwether for peers. These solid results are likely a good part of why Airbnb and Booking Holdings shares are up, too.

Expedia jumped as much as 18% in early trading on Friday.