Expedia Group, Inc. - EXPE STOCK NEWS

Expedia Group introduced its new technology platform, Expedia Group Open World, at the EXPLORE 22 event in Las Vegas. This platform aims to empower partners of all sizes with a comprehensive e-commerce suite for enhanced travel services. Additionally, a revamped marketplace focuses on improving traveler experiences and introduces a guest experience score that influences visibility in searches. New features like Trip Boards and Price Tracking are designed to boost traveler confidence. The One Key loyalty program is set to integrate four existing programs, allowing seamless point earnings across brands.

Expedia Group (NASDAQ: EXPE) will livestream its annual partner event, EXPLORE 22, on May 4, 2022, at 4pm ET. The event will showcase new innovations aimed at enhancing travel experiences for both travelers and partners. The live webcast can be accessed at livestream.exploreexpediagroup.com. For further details about the event, visit exploreexpediagroup.com.

Expedia Group (NASDAQ: EXPE) reported a strong recovery in Q1 2022, with gross bookings at $24.4 billion, up 58% from Q1 2021. Despite a net loss of $122 million, adjusted EBITDA was $173 million, nearly flat compared to pre-pandemic levels. The company highlights demand for leisure and business travel, bolstered by a new $2.5 billion credit facility for liquidity. Revenue reached $2.25 billion, an 81% year-over-year increase. However, European recovery was impacted by the war in Ukraine, and the net loss per share improved to $(0.78) from $(4.17) a year prior.

Hotels.com launched a new campaign titled "Find Your Perfect Somewhere" aimed at redefining the brand as a hotel matchmaker. Created with Wieden+Kennedy Portland, the campaign features three 30-second ads that portray hotels like online dating profiles, highlighting diverse accommodations. Premiering on April 23 during the NBA Playoffs, the ads are part of a broader marketing strategy that includes digital, OOH, and social placements. The initiative emphasizes unique traveler experiences and hotel personalities, with the goal of enhancing user engagement and bookings.

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.