Travel Agency Investors Cautiously Optimistic After Delta Report -- Market Talk

Dow Jones

Jul 11, 2025

1403 ET - Online travel agencies got a little boost from Delta's 2Q results, but the investor reaction is muted due to mixed signals about travel. Expedia rises 5%, while Airbnb and Booking Holdings are up less than 1%. Benchmark analyst Daniel Kurnos says data points about travel show conflicting trends, with some showing a drop in overseas visits to the U.S. That's making it difficult to extrapolate Delta's report about stabilizing demand to travel agencies, even though the two industries have historically performed similarly. The one consistent narrative is that budget-conscious travelers are still pulling back, while wealthier consumers continue to spend, which Kurnos believes will bleed into travel agencies. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

July 10, 2025 14:03 ET (18:03 GMT)

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Benchmark analyst Daniel Kurnos says data points about travel show conflicting trends, with some showing a drop in overseas visits to the U.S. That's making it difficult to extrapolate Delta's report about stabilizing demand to travel agencies, even though the two industries have historically performed similarly. The one consistent narrative is that budget-conscious travelers are still pulling back, while wealthier consumers continue to spend, which Kurnos believes will bleed into travel agencies. (katherine.hamilton@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 14:03 ET (18:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Travel Agency Investors Cautiously Optimistic After Delta Report -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTravel Agency Investors Cautiously Optimistic After Delta Report -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-11 02:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1403 ET - Online travel agencies got a little boost from Delta's 2Q results, but the investor reaction is muted due to mixed signals about travel. <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> rises 5%, while Airbnb and <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> are up less than 1%. Benchmark analyst Daniel Kurnos says data points about travel show conflicting trends, with some showing a drop in overseas visits to the U.S. That's making it difficult to extrapolate Delta's report about stabilizing demand to travel agencies, even though the two industries have historically performed similarly. The one consistent narrative is that budget-conscious travelers are still pulling back, while wealthier consumers continue to spend, which Kurnos believes will bleed into travel agencies. (katherine.hamilton@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 14:03 ET (18:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550788886","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550788886","pubTimestamp":1752170580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1403 ET - Online travel agencies got a little boost from Delta's 2Q results, but the investor reaction is muted due to mixed signals about travel. Expedia rises 5%, while Airbnb and Booking Holdings are up less than 1%. Benchmark analyst Daniel Kurnos says data points about travel show conflicting trends, with some showing a drop in overseas visits to the U.S. That's making it difficult to extrapolate Delta's report about stabilizing demand to travel agencies, even though the two industries have historically performed similarly. The one consistent narrative is that budget-conscious travelers are still pulling back, while wealthier consumers continue to spend, which Kurnos believes will bleed into travel agencies. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4008":"航空公司","BK4211":"区域性银行","EXPE":"Expedia","BK4500":"航空公司","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","DAL":"达美航空","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","ISBC":"投资者银行","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","ABNB":"爱彼迎","BKNG":"Booking Holdings"},"translate_title":"达美报告后旅行社投资者谨慎乐观——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKNG":0.9,"ABNB":0.9,"EXPE":0.9,"DAL":0.9,"ISBC":1},"content_text":"1403 ET - Online travel agencies got a little boost from Delta's 2Q results, but the investor reaction is muted due to mixed signals about travel. Expedia rises 5%, while Airbnb and Booking Holdings are up less than 1%. Benchmark analyst Daniel Kurnos says data points about travel show conflicting trends, with some showing a drop in overseas visits to the U.S. That's making it difficult to extrapolate Delta's report about stabilizing demand to travel agencies, even though the two industries have historically performed similarly. The one consistent narrative is that budget-conscious travelers are still pulling back, while wealthier consumers continue to spend, which Kurnos believes will bleed into travel agencies. (katherine.hamilton@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2025 14:03 ET (18:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}