Expedia Group, Inc. - EXPE STOCK NEWS

Hotels.com released its first Hot Price Index, indicating higher summer hotel prices compared to 2019, averaging over $200 per night in key U.S. destinations.

The report highlights expensive summer spots like the Hamptons and offers discount opportunities in regions like South America and Europe. Comprehensive savings tips include traveling off-peak and considering lesser-known destinations. The index reveals affordable international rates for under $200 in cities such as Buenos Aires and Glasgow. The analysis is based on prices from April 1-12, 2022.

Expedia reports a significant surge in summer travel planning, with flight searches increasing month-over-month. Destinations like Singapore (+60%), Houston (+55%), and Bali (+35%) are trending. As travel restrictions ease, customers are eager to book vacations, prompting higher ticket prices. August is identified as the cheapest month to fly, with costs nearly 10% lower than July. The report highlights flexible travel dates and early bookings as strategies for savings, along with specific cities where roundtrip flights are available for under $350.

Expedia Group (NASDAQ: EXPE) will announce its first quarter 2022 results on May 2, 2022, after market close. The earnings release and a live webcast will be accessible via the Investor Relations section of its website. The webcast is set to begin at 1:30 PM Pacific Time / 4:30 PM Eastern Time. A replay will be available for three months. Expedia Group focuses on providing travel solutions through various brands and platforms, believing that travel positively impacts individuals and communities.

Expedia Group and IHG Hotels & Resorts have partnered to enhance wholesale distribution via Expedia’s Optimized Distribution Preferred program. This collaboration aims to streamline IHG's rate management, reducing distribution costs while increasing revenue opportunities. The program addresses inefficiencies in the wholesale market, connecting hotels with B2B demand partners, including travel agents and operators. IHG’s Chief Commercial Officer highlighted the partnership’s potential for improved revenue management and cost savings, emphasizing added value for hotel owners.

Expedia's 2022 Vacation Deprivation study reveals Americans took six fewer vacation days than the global average in 2021, with 59% feeling deprived and 72% reporting burnout. The study, based on a survey of over 14,500 workers, shows that 54% find it harder to unplug due to flexible work arrangements. Most Americans view vacations as essential for health but struggle to fully disconnect from work. In 2022, U.S. workers plan to take an average of 14 vacation days, an increase from last year, with 44% already booking trips.

Expedia Group, Inc. (NASDAQ: EXPE) reported Q4 2021 financial results with notable growth in revenue and bookings despite ongoing COVID-19 disruptions. Total revenue reached $2.3 billion, marking a 148% increase year-over-year, while gross bookings surged 131% to $17.5 billion. Net income attributable to common stockholders was $276 million, significantly improved from a loss of $412 million in Q4 2020. Adjusted EBITDA hit a record $479 million, driven by a 74% growth in stayed room nights. Looking ahead, the company anticipates a continued recovery in travel demand in 2022.

Expedia Group (NASDAQ: EXPE) will disclose its fourth quarter 2021 financial results on February 10, 2022. The earnings report, available on the company's Investor Relations webpage, will be published after market close, followed by a webcast at 1:30 PM PT / 4:30 PM ET. A replay of the call will be accessible for three months. As a key player in the travel industry, Expedia Group provides a range of services through its extensive platform, facilitating travel experiences globally.

Expedia® has unveiled its 2022 Travel Trends Report, indicating a significant shift in traveler priorities. The report reveals that 68% of Americans plan to enhance their travel experiences, termed the 'GOAT' (Greatest of All Trips) mindset, with a focus on excitement and splurging on trips. Key findings show that 59% of U.S. travelers favor domestic trips, while 37% plan international travel to popular destinations like Rome and Paris. Additionally, the desire for spontaneity has increased, with 25% of travelers aiming to embrace impromptu experiences in their future journeys.

Expedia Group (NASDAQ: EXPE) will participate in the UBS Global TMT Virtual Conference on Monday, December 6, 2021. The company’s Vice Chairman and CEO, Peter Kern, will engage in a fireside chat at 10:00 am PT / 1:00 pm ET. A live webcast of the event can be accessed at ir.expediagroup.com, with a replay available for 90 days. Expedia Group aims to enhance travel experiences through its diverse brands including Expedia, Hotels.com, and Vrbo, among others.