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Expedia (EXPE +29%) is off to the races following its huge Q1 beat, driven by strong hotel...

Expedia (EXPE +29%) is off to the races following its huge Q1 beat, driven by strong hotel bookings, and is lifting other online travel firms in the process: PCLN +3.8%. OWW +9.1%. TRIP +7.7%. TZOO +3.6%. JPMorgan is upgrading Expedia in response, while Deutsche (Hold) thinks management's reiteration of its 2012 EBITDA forecast is "conservative in light of building momentum." Benchmark (Hold) agrees, though it expects growth to decelerate in Q2. (transcript)
Comments (3)
  • And, I'm sure this huge surge in hotel bookings is a sign of impending recession. Everybody wants one last fling before hunkering down in the darkness.
    27 Apr 2012, 11:49 AM Reply Like
  • And to think the GOP is doing everything possible to keep US workers down.
    27 Apr 2012, 11:58 AM Reply Like
  • Hotel bookings could also be due to business traveling. Or a cynical and less serious way to see it is that people are living in hotels now since the banks took their homes and rent prices are increasing.
    28 Apr 2012, 01:49 PM Reply Like
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