Expedia is benefiting as gross travel bookings are up online

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Expedia is benefiting as gross travel bookings are up online
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Travel websites Expedia and Booking roared back Thursday on soaring gross bookings.

Expedia Group Inc.’s EXPE stock initially sagged, then rebounded sharply and is now up 6.5% in extended trading Thursday after the online travel service reported a big jump in quarterly revenue and a 20% increase in gross bookings to $29.

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