Expedia says strong lodging demand has continued in 2023

Says investing more in loyalty program. Says January was north of 20% in lodging. Says seeing step change as the company enters 2023. Says working in a good demand environment. Says growth has been pretty broad. Says average daily rates have been holding strong. Says gross bookings on a reported basis were up 3% in October, which was impacted by the hurricane up 7% in November and up 2% in December, which was impacted by the winter storms in the US., excluding the weather-related events growth versus 2019 for each month in Q4 reached high-single digits that accelerated to the quarter. Says in January, saw step change, where lodging gross bookings accelerated even further growing over 20% versus 2019. Says pleased to see strong lodging demand continued in FY23, including total lodging bookings for stays expected to occur in the first half of 2023, continuing to meaningfully outpace, 2019 and 2022 levels. Comments taken from Q4 earnings conference call.