Expedia Results Hit by Drop in International Travel, Launches Booking Deal with Instagram

The decline in interest in visiting the U.S. is real - and we're seeing it in Expedia's results.

Demand for travel to the U.S. has weakened, and Expedia Group is feeling it.

Two-thirds of the company’s business comes from the U.S., and inbound travel dropped 7% during the first quarter of the year, executives said on Thursday. Inbound bookings from Canada dropped 30%. And Europeans are choosing to visit Latin America instead.

“U.S. demand was soft, driven by declining consumer sentiment, and we saw pressure on key inbound U.S. corridors,” Ariane Gorin CEO said during a call with investors on Thursday.

Because of ongoing economic uncertainty, Expedia is lowering its full-year gro