Mass tourism will be roaring back by summer, Expedia CEO says

Things are looking good for Expedia Group-well, relatively, anyway. Its third-quarter earnings report shows a company that’s still pulling in $1.5 billion in quarterly revenue, exceeding mid-pandemic expectations, even if that it represents $221 million in losses. Parts of the business, such as airfare sales, may have tanked, but others, like rental home platform VRBO, are compensating. Instead of looking back at the last few months of bumpy business, though, Chief Executive Office Peter Kern-who assumed leadership of the company in April-would rather look forward. Even in comparison to other bullish industry leaders, Kern is steadfast in his conviction that travel’s recovery isn’t just on the horizon but around the corner. And it won’t be just on forested hiking trails and scenic byways but in big, dense, boarded-up cities, too.