Core Viewpoint - The consumer's determination to travel is driving a significant increase in global air passenger traffic, with a 15% year-over-year growth in the first half of 2025, particularly strong in Asia-Pacific and Europe [1][2]. Group 1: Travel Market Dynamics - Despite a nearly 10% decline in the U.S. dollar, which typically increases the cost of international travel, strong wage growth in the U.S. is offsetting this effect, leading to robust demand for travel [2]. - The combination of increased income and pent-up demand for previously inaccessible international destinations is fueling the travel market [2]. Group 2: Company-Specific Insights Booking Holdings - Booking Holdings Inc. (NASDAQ: BKNG) is trading at over $5,600 per share, with a 12-month stock price forecast of $5,388.37, indicating a potential downside of 5.84% [4]. - The company reported earnings exceeding expectations by nearly 30% in its most recent quarter, showcasing its pricing power and impressive 86% gross margins, driven by artificial intelligence [5]. - Booking's strongest periods are typically in the second and third quarters, supported by demand for travel to Asia Pacific and Europe [5]. Marriott International - Marriott International (NYSE: MAR) has a current stock price of $280.08, with a 12-month forecast of $275.90, suggesting a downside of 1.49% [7]. - The company reported a global RevPAR increase of approximately 4% in Q1 2025, with international RevPAR up more than 6%, particularly strong in Asia Pacific [8]. - Marriott's diverse brand portfolio and expansion into luxury and upscale properties allow it to target less price-sensitive consumers [9]. Royal Caribbean - Royal Caribbean Cruises Ltd. (NYSE: RCL) has a current stock price of $334.10, with a 12-month forecast of $280.40, indicating a downside of 16.07% [11]. - The cruise industry is experiencing a recovery, with Royal Caribbean's stock up over 106% in the last 12 months and more than 40% in 2025 [12]. - The company has significantly reduced its debt, refinancing approximately $3 billion in short-term debt and repaying about $2.1 billion in principal, resulting in a debt-to-equity ratio of 2.21, which is more than 60% lower than its 2022 peak [13].

Core Insights - Expedia reported $2.99 billion in revenue for Q1 2025, a year-over-year increase of 3.4%, with an EPS of $0.40 compared to $0.21 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.03 billion, resulting in a surprise of -1.27%, while the EPS also missed the consensus estimate of $0.42 by -4.76% [1] Financial Performance Metrics - Gross bookings totaled $31.45 billion, slightly below the average estimate of $31.85 billion [4] - Stayed room nights were 108, exceeding the average estimate of 106, with a growth rate of 6%, lower than the 8.1% average estimate [4] - Merchant gross bookings were $18.21 billion, compared to the estimated $18.83 billion [4] - International revenue was $1.16 billion, below the average estimate of $1.22 billion, but showed a year-over-year increase of 5.6% [4] - U.S. revenue reached $1.83 billion, slightly below the estimated $1.85 billion, reflecting a 2.1% year-over-year increase [4] - B2C revenue was $1.96 billion, below the average estimate of $2.04 billion, while B2B revenue was $947 million, exceeding the estimate of $924.59 million, marking a 13.7% year-over-year increase [4] - Revenue from lodging was $2.29 billion, below the estimate of $2.36 billion, with a year-over-year increase of 2.7% [4] - Revenue from Trivago was $85 million, surpassing the estimate of $74.76 million, with a significant year-over-year increase of 21.4% [4] - Air revenue was $107 million, below the estimated $114.41 million, reflecting a year-over-year decrease of 7% [4] - Other revenue was $333 million, below the estimate of $352.60 million, with a slight year-over-year increase of 0.6% [4] Stock Performance - Expedia shares returned +3% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Analysts on Wall Street project that Expedia (EXPE) will announce quarterly earnings of $0.42 per share in its forthcoming report, representing an increase of 100% year over year. Revenues are projected to reach $3.03 billion, increasing 4.8% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 4.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefr ...

2025年"五一"假期旅游市场热度持续攀升。国铁集团预计，五一假期运输8天时间里，全国铁路将发送 旅客1.44亿人次，同比增长4.9%。今年"五一"假期，为应对客流高峰，国铁集团计划日均开行旅客列车 超1.2万列，并通过动车重联和夜间高铁增加运力。携程网数据显示，"五一"期间游客出行距离呈现显 著延伸，跨市住宿订单占比已突破80%。途牛旅游网的数据显示，全国"五一"团期预订人次环比上周增 长高达220%。(央视新闻) ...

According to the media, Trip.com (NASDAQ: TCOM ) indicated that the number of inbound tourism orders for the upcoming Labor Day holiday increased 173% from a year earlier. We consider this to be an incremental positive for TCOM as we headAstrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, and co ...

Booking Holdings (BKNG) reported $4.76 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 7.9%. EPS of $24.81 for the same period compares to $20.39 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.6 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +43.83%, with the consensus EPS estimate being $17.25. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

"五一"假期正是游客来大连大黑山观赏杜鹃花海的最佳时间。 引子 暮春的柳絮还未落尽，5月的风铃已在日历上叮当作响。随着"五一"假期的脚步渐近，人们心底那份奔赴山海的渴望越发浓烈： 登上缭绕的山巅，看朝阳为云海镀上金边；走在古巷斑驳的石板路上，听足音叩响历史的回声；更想寻一处静谧角落，任茶香袅袅 间，把生活的琐碎揉碎成诗…… 据携程发布的《"五一"旅游出行预测报告》显示，辽宁在线旅游预订人次同比增长45.24%，在线旅游消费金额同比增长 53.44%。辽宁已成为更多游客的出行选择。作为山海相拥的旅游大省，辽宁早已备好风雅华章，全省14座城市倾力推出千余项文旅 活动，备好迎客的醇酿，将八百里山海长卷舒展成诗意的请柬。 置身这场缤纷盛宴，游客常会面对"去哪里""怎么玩""如何选"的困惑，《辽宁日报》多路记者在假期前深入不同景区，以脚步丈 量春色，用镜头采集光阴，为每颗向往自由的心梳理出这份出游参考。 机器狗和直升机解锁潮玩新体验 机器狗是千山风景区从杭州引进的智能伙伴，以流线型身躯承载敏锐的传感器，平日里协同护林人员执行巡逻任务。随着假期临 近，它们正切换至迎客模式：不仅能主动地握手示意，更会应游客之邀翩然起舞，用 ...