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Mass Tourism Will Be Roaring Back by Summer, Says Expedia CEO

There are reasons to believe people will book summer 2021 travels. But will they actually go?  

This aerial photo, taken on Sept. 30, shows an unusually quiet Karon beach in Phuket, Thailand.

This aerial photo, taken on Sept. 30, shows an unusually quiet Karon beach in Phuket, Thailand.

Photographer: Lillian Suwanrumpha/AFP/Getty Images

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.