Expedia Raises Sales Outlook After Strong Bookings Results

Expedia Group Inc. raised its full-year sales target after reporting strong second-quarter bookings, fueled mainly by its enterprise business as well as improved demand from US consumers.

Annual revenue is now expected to increase 3% to 5%, up from a previous steer of 2% to 4%, the company said Thursday in a statement. Analysts had projected 3.6% growth. Expedia similarly raised its guidance for gross bookings growth to the same 3% to 5% window.