seema mody joins us at post 9 bringing us expedia ceo peter kern. >> let's get the full story with petereo of expedia welcome back. >> thanks for having me. appreciate it. >> i want to stand a bit more about what you are seeing in your vrbo home rental platform bank of america calls that business an underappreciated asset valued at $16 billion. on the call you did allude to some weakness you're seeing in that business. >> yeah, i think what we talked about, seema, was as trends are changing and people are getting back to more international travel and more big city travel, we've seen the inevitable change from these long vr stays we were seeing during covid to more of the city travel. something you and i talked about years ago of the return, would people be back in cities, et cetera, and it's happening naturally that will favor our hotel business, which is bigger in big cities. as opposed to our vr business, which is bigger in mountains, beaches, et cetera we have great vr content in cities and vrbo is doing great but it's seeing less of the growth we saw in the first quarter. and that gr

bringing in peter kern, the ceo of ixia media group -- expedia group.king numbers were huge come up 20%. what is your level of confidence this kind of looking -- booking gain can continue? >> as you heard before there's tons of strength, crusty travel industry -- a crusty travel industry for demand. there is been a certain structural change in how consumers are thinking about spending. travel is the top of the list. it has proven that so far. last year this time, first quarter there was omicron, there is some interesting things we are not that far out of covid. there are interesting comparisons going on, the travel demand is not that strong, -- there are things opening a people cannot do during covid, i was in tokyo or create -- for business, and the cherry blossom season consumers to go to, all the hotels were full. that drives continuing interest in ongoing travel. >> for context, air canada up here, north with a pretty optimistic outlook for travel activity. does that mean for you, as a big marketer obviously you've been trying to figure out what i j

simone: this is bloomberg markets, coming up peter kern joins bloomberg tv at 1:30 p.m..around the world here is the first word, i am simone foxman. the world health organization says covid-19 no longer qualifies as a global emergency. though this marks a symbolic into the pandemic, the virus is still around, the agency says thousands are still dying from the virus every week. the coronavirus has killed nearly 7 million people worldwide. president biden will name the air force top general to be the chairman of joints chief of staff. general charles brown, jr. become the second black man to serve as chairman. colin powell was chairman under clinton and bush. the u.k. is preparing for its first coronation in 70 years. king charles the third was set the saint edwards crown during a service at westminster abbey. it is expected to be a gift for the country's pub and restaurants but because it includes an actual holiday there is speculation that it could cause a slight dragon gdp. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalis