0937 ET- Expedia is the latest travel company to report a slowdown in the U.S. market that is going to wallop growth for now, but the online travel agency's margin outlook has improved for the year, Melius Research analysts Conor Cunningham and Patrick Coleman say in a research note. The company has salvaged margins by being more tactical with its marketing spend, which has been a trend lately, and is looking to drive employee productivity after its latest round of layoffs that should save $75 million in overheads through the remaining three quarters of the year, the analysts say. "The cost cuts will mitigate some of the issues, but there needs to be sustained growth in business-to-consumer for the stock to work," they say. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 09:37 ET (13:37 GMT)
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