Travel in the U.S. is likely to see a solid rebound over the July 4th holiday weekend, while largely holding up through the summer. This should bode well for travel players such as Expedia (NASDAQ:EXPE).
There is likely to be significant pent-up demand for travel, as it has now been almost 16 months since the initial Covid lockdowns. Moreover, about 46% of Americans are now fully vaccinated against Covid-19, and mask mandates have also been lifted in multiple tourist destinations.
We expect Expedia’s revenues to surge by over 55% this year, as travel demand rebounds.
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