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Expedia CEO says travel will remain strong next summer
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia CEO says travel will remain strong next summerPeter Kern, Expedia CEO, joins 'TechCheck' to discuss travel demand strength, Expedia's earnings miss, and Airbnb's model for hospitality as an influence for other loyalty programs.
In this article EXPE Follow your favorite stocks CREATE FREE ACCOUNTTravelers headed to Hong Kong no longer need to quarantine in a hotel upon arrival. The news came the day after Hong Kong lost its No. Expedia's search data for accommodations in Hong Kong increased 50% over the weekend, compared to the week before the announcement. Pang Yiu-kai, chairman of the Hong Kong Tourism Board, acknowledged on Tuesday that the eased rules are "expected to initially attract mainly business travelers, family visitors and returning Hong Kong residents." The easing of Covid-19 measures in Hong Kong spurred hope among residents of China that they could soon see relaxed rules as well.
Watch the full interview with Expedia CEO Peter Kern
  + stars: | 2022-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the full interview with Expedia CEO Peter Kern"People are traveling like crazy," Kern said, speaking with Jim Cramer, who was in Expedia's home city of Seattle for "Mad Money."
Despite this, there are some firms – like most (but not all) travel companies – that are still exhibiting strong pricing power. Net income rose to $166 million, or 58 cents per share, from $67 million, or 27 cents per share, a year ago. Excluding items, Goodyear earned 46 cents per share, while analysts surveyed by Refinitiv had predicted a profit of 36 cents per share. Expedia – like all travel companies – is reaping the benefits of pent-up vacation demand. In the first quarter, rates were only up 4% year over year, too.
1 global city to take a working vacation. It comes out on top of 115 global cities in the ranking, which were chosen because of their prominence in the tourist industry and availability of "slow" travel options. Here are the top 10 best global cities to take a working vacation, according to Icelandair. While remote work makes it easier than ever to take a working vacation, a lot of people are coming back from these "breaks" more burned out than when they left. Some 61% of Americans who took a working vacation in the last year didn't consider them to be "true" vacations, according to Expedia's latest Vacation Deprivation study of 14,500 working adults across 16 countries.
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