Apr 1, 2017

U.S. hotels and airlines cutting prices

Expedia CEO Dara Khosrowshahi told the Financial Times the U.S. travel industry is making adjustments because of Trump:

"I think that because of some of the perceived positions coming out of the current administration, the US as a destination is potentially looking less attractive as a product ... One of two things is going to happen. Either the US has to go on sale in order to keep volumes up, or volumes are going to come down. When we look at our business, the leading indicator is pricing. Pricing has come down."

Flashback: Interest in traveling to the U.S. dropped 17% since Trump's inauguration.

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