EXPE · 10-Q · 2026Q2 · Full report

Macroeconomic Factors Impact

Expedia Group, Inc. · 2026-08-06 · Importance 13 · Surprise 24

Global macroeconomic and geopolitical pressures, including trade disruptions, currency fluctuations and energy-price volatility, affected Expedia Group’s travel-industry environment in 2026. Events in the Middle East and Mexico late in the first quarter negatively affected travel, with the effects continuing into the second quarter, particularly in Europe. Macro headwinds and reduced air capacity weighed on European demand, while sustained pressure could increase demand volatility, credit losses and service disruptions.