Yahoo Finance’s Alexis Christoforous and Melody Hahm discuss travel outlook with Peter Kern, Expedia CEO.
ALEXIS CHRISTOFOROUS: Well, while the COVID-19 vaccine rollout has brought hope for our health and for our economy, it is still a long road to recovery for the battered down travel industry. The travel website Expedia reported a 67% drop in revenue, marking the fourth consecutive year over year decline. Gross bookings were also down 67% compared with a year earlier. But there are signs of a rebound on the horizon.
Joining me now is Expedia’s CEO, Peter Kern. We’re also joined by Yahoo Finance’s Melody Hahm. Peter, good to see you. Before 2020, the year of the pandemic, Expedia had gone, I think it was eight years,…