2024-05-26 23:45:16 ET
Summary
- Expedia faces challenges in a slowing consumer spending environment and a competitive landscape dominated by Booking.com and Airbnb.
- The company's recent earnings report showed weaker-than-expected booking trends, particularly for its VRBO vacation rental platform.
- Initiating coverage with a hold based on the Expedia leadership transition and uncertainty surrounding a solid strategic growth plan.
- My analysis specializes in identifying companies that are experiencing growth at a reasonable price. Rating systems don't consider time horizons or investment strategies. My articles aim to inform, not to make decisions.
Investment Thesis
Slowing consumer spending initially seemed like a headwind for Expedia ( EXPE ), after the company reported earnings, and others in the industry like Booking and Airbnb also forecasted slower consumer demand....
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Expedia: Leadership Transition And Strategic Growth Uncertainty, Hold