(Reuters) -Shares of Expedia ( EXPE ) fell 9.2% before the bell on Friday, after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weaker than expected demand in the U.S.

Expedia ( EXPE ) joins its peers as the travel industry braces for a slowdown ahead of the peak summer season, with economic uncertainty - driven by the ongoing tariff war and elevated interest rates - weighing on consumer spending.

At the end of April, hotel operator Hilton cut its annual forecast for room revenue growth, and vacation rental company Airbnb ( ABNB ) said earlier this month that the booking window was shortening, signaling consumer uncertainty and caution in travel spending.

"It's all just a bit more pronounced in the case of Expedia ( EXPE ) with a bigger US presence than peers," said BTIG analyst Jake Fuller.

The Seattle-based company reported revenue of $2.98 billion for the first quarter, below analysts' expectations of $3.01 billion, according to LSEG compiled data.

"It's clear that US travel has downshifted and to the extent trade/macro uncertainty lingers longer, it is less likely this plays out like the summer 2024 'growth scare'," Barclays analysts wrote in a note.

The U.S. travel industry experienced a "growth scare" last summer, as elevated travel costs and uncertainty surrounding the presidential election dampened demand during what is typically a busy season.

Expedia ( EXPE ) reported an adjusted profit of 40 cents per share for the quarter ended March 31, compared with analysts' estimate of 32 cents.

At least four brokerages cut their price targets on the stock, bringing the median to $201.33, according to data compiled by LSEG.

So far this year, Expedia ( EXPE ) shares have fallen 9.3%, compared with a 3.7% fall in the S&P 500 index during the same period.