Investing.com - Shares of online travelling companies, including the likes of Expedia Inc (NASDAQ:EXPE), Travelzoo Inc (NASDAQ:TZOO), TripAdvisor Inc (NASDAQ:TRIP) and Priceline.com Incorporated (NASDAQ:PCLN) were all lower on Wednesday, taking a hit after Trivago NV (NASDAQ:TRVG) slashed its guidance.
Pre-market Wednesday, Trivago announced that it expects revenue growth of 40% this year, down from the 50% it was targeting earlier in the year. The company lowered the guidance citing the negative impact on revenue per qualified referral in making the algorithmic adjustment.
Trivago’s shares were indicated down over 20% pre-bell, and were down 19% in afternoon trade, Wednesday. Shares of its competitors were down in the 1% to 3% range.