Expedia Group Stock Price, News & Analysis

Expedia Group has launched the Open World™ Accelerator, aimed at supporting startups and small and medium-sized businesses (SMBs) in the travel industry. This initiative focuses on enhancing accessibility for underserved travelers and aligns with the company's social impact and sustainability strategy. The program will provide selected participants with a six-month curriculum that includes mentorship, technology development, and access to Expedia’s platform. Applications are open until October 21, with the program starting in January 2023.

Expedia teams up with soccer star Guillermo "Memo" Ochoa to launch the "Travel like Memo" campaign, celebrating his roots in Mexico City. The initiative includes a curated itinerary featuring Ochoa's favorite local spots, such as restaurants and scenic views. Two fans will win an exclusive travel experience, including a meet-and-greet with Ochoa, starting September 20. The campaign aims to authentically engage travelers and promote Mexico City's unique attractions.

Expedia Group has appointed Julie Whalen as the new Executive Vice President and Chief Financial Officer, effective September 26, 2022. She succeeds Eric Hart, who will assist in the transition until October 1, 2022. Whalen, with over 20 years in finance, previously served as EVP and CFO at Williams-Sonoma, Inc. Her understanding of Expedia's operations, gained from her role on the Board since June 2019, positions her to drive the company’s growth strategies. Hart will continue contributing as Chair of the Supervisory Board for Trivago N.V..

Expedia Group announced it will purchase up to $500,000,000 of its 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. The tender offers are based on the terms outlined in an Offer to Purchase dated August 26, 2022. The offers will expire at 11:59 p.m. on September 23, 2022. Due to high demand for the 2031 Notes, the company intends to accept an aggregate principal amount above the Tender Cap but will not purchase any 2030 Notes. Holders are encouraged to review the detailed Offer to Purchase for more information.

Expedia Group, Inc. (NASDAQ: EXPE) announced the early tender results for its cash tender offers, totaling up to $500,000,000 of its 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. As of the early tender date on September 9, 2022, approximately $685,101,000 of the 2031 Notes were tendered, representing 68.51% acceptance of the $1,000,000,000 outstanding. No 2030 Notes were accepted, as the 2031 Notes exceeded the Aggregate Tender Cap. Expected settlement for the accepted notes is on September 13, 2022.

Expedia Group (NASDAQ: EXPE) is set to participate in the Goldman Sachs Communacopia + Technology Conference. The company's Vice Chairman and CEO, Peter Kern, will engage in a fireside chat on September 13, 2022, at 10:00 am PT / 1:00 pm ET. A live webcast will be available at ir.expediagroup.com, with a replay accessible for 90 days. Expedia Group, the world's travel platform, aims to enhance global travel experiences through its diverse portfolio of brands and services.

Expedia Group, Inc. (NASDAQ: EXPE) has initiated tender offers to repurchase up to $500,000,000 in debt securities. The offers involve 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. Holders must submit their securities by September 9, 2022, to receive early payment. The offers, which are capped at the specified amount, will expire on September 23, 2022. Payable amounts will consider fixed spreads and accrued interest. Goldman Sachs and J.P. Morgan are managing the offers.

Vacasa has appointed Rob Greyber as the new Chief Executive Officer, effective September 6. Greyber, with over 20 years in the travel and technology sectors, most recently served as President of Egencia, a former Expedia Group entity. He succeeds Matt Roberts, who guided the company through challenging times, including a significant increase in Gross Booking Value and taking Vacasa public in December 2021. The board anticipates Greyber will leverage his expertise to drive profitable growth and further innovate in the vacation rental industry.