Eric Sheridan: Thank you so much for taking the questions. Maybe against your broader long-term goals for growth that you called out earlier in your comments. Would love to get any update about how you’re feeling about supply growth, with respect to shared accommodations and/or local experiences against continuing to diversify supply, and build out more elements of the connected trip. And how do those factor in as elements of investment beyond 2023, looking out into next year? Thanks so much.
Glenn Fogel: Hi, Eric. So the important thing is always priorities. What’s the most important thing — and we’ve mentioned numerous times, in terms of our alternative accommodations, how important it is to continue to build out the supply there. We have a large number of listings, that’s true. I’ve talked about many times though, you have to have the right type of listing in the right locations. And we talked in the past, and it’s not done yet in the US, getting the right accommodations, in the right places, so that we — you will come they have something to buy. That’s very important. That’s top priority. When you ship down to something like attractions, not as important right now, it’s important but it’s not as high a priority, as getting an ultra combination.
That’s one of the most critical things, is making sure we’re spending the time, energy, effort and money in the place they’re giving us the best return. We have good attractions, from third-party connections. We have the key ones. And someday, it will be important to build out further along that. But for right now, for this year and next year, I want to make sure that we’re going to have the bigger bang for the buck, which is being sure we have the right number and the right types of alternative accommodations on our platform.
Eric Sheridan: Super clear. Thank you.
Operator: Your next question comes from the line of Jed Kelly with Oppenheimer. Your line is open.
Jed Kelly: Hi. Great. Thanks for taking my questions. Just going back to the US business. You highlighted mid-single-digit growth in the US. Can you talk about how that’s trending relative to your competitors? And does that number does that capture the amount of Americans traveling over to Europe, or is that including in your European road lights?
Glenn Fogel: Yeah. David, I’ll let you go on both those. I mean I’m not sure what you want to talk about in terms of us versus competitors or not.
David Goulden: Yes. Let me clarify. First of all, when we talk about these regions on a geography basis we’re talking about on a book basis. So yes, Glenn it does capture bookings being made by U.S. travelers including those that are moving overseas, which is one of the reasons why we’re getting growth. We mentioned that we’re back to a mid-single-digit growth in July in the U.S. after seeing a very small decline in growth in Q2. And actually, that was really just April and May. By the time we got to June, we were back to growth as well. And then the April May comparisons relate you to the really strong rebound we saw particularly in those months when the old player was declared in Omicron last year. So we got a little bit of a funky comparison on there.
So I think we’re doing well in the marketplace. It’s too early to kind of call how we see us doing any against the market for a single quarter. We like to kind of look at that on a longer-term basis you can look at how the year pans out. I would just point out that relative to the market, we mentioned in July when over 30% growth in the U.S. versus 2019 not significantly well ahead of any market data points. Market is perhaps closer to breakeven maybe slightly positive compared to 2019. We’re up 30. So we tend to look at it over the longer period of time and we’ll have a better view on exactly, how we’re doing in the U.S. relative to the market as the year develops and as the year ends. As Glenn mentioned, we’re pleased with many of our programs there.
We also know there’s a lot of upside for us to continue to push more into the U.S. marketplace.
Glenn Fogel: Thank you.
Operator: Your next question comes from the line of Alex Brignall with Redburn. Your line is open.
Alex Brignall: Hi, guys. Thank you. Glen must have taken a question. I just have one on the full year guidance. Obviously, the big change are the revenue divided by growth being up only 0.2% year-on-year. So could you just talk a little bit about how that will map next year? Obviously pulling forward some bookings brings forward the marketing and also therefore it has the impact on EBITDA. But can you talk about the longer-term dynamic presumably that has no impact on 2024 and on the margin trajectory you see going forward?
