Welcome to our dedicated page for Expedia Group news (Ticker: EXPE), a resource for investors and traders seeking the latest updates and insights on Expedia Group stock.
Expedia Group, Inc. (EXPE) operates as a globally recognized online travel company. It provides an extensive array of travel services through its four distinct segments: Core Online Travel Agencies, Trivago, Vrbo, and Egencia. The company's brand portfolio features Expedia, a comprehensive online travel brand with localized websites, and Hotels.com, a platform for marketing and distributing lodging accommodations. Additionally, Vrbo facilitates online marketplaces for alternative accommodations, while Expedia Partner Solutions serves as a B2B brand offering travel options for airlines, hotels, travel agencies, loyalty and corporate travel companies, and consumer brands. Egencia provides corporate travel management services.
The company's brand lineup also includes Orbitz, Travelocity, Cheaptickets, Ebookers, and Hotwire, which offer various travel booking services. Expedia Group Media Solutions delivers media partnerships and digital marketing solutions. Notably, Trivago serves as an online hotel metasearch platform connecting travelers with numerous hotel options.
Expedia is the world's second-largest online travel agency by bookings. Its services cover lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination activities, and other travel services (11%), and advertising revenue (6%). The company's revenue primarily stems from transaction fees for online bookings.
Expedia remains a robust player in the travel industry with ongoing projects like the Spring Break Travel Outlook and collaborations with well-known personalities such as Grammy-winning artist Anderson .Paak. These initiatives reinforce its position in the market while also showcasing its ability to adapt to consumer trends and preferences. Furthermore, Expedia's dedication to sustainability is evident through its partnerships with the Wildlife Conservation Society and the Travel Foundation, aiming to promote eco-friendly travel and support local communities.
For the latest updates, visit the Expedia Group website or follow their social media channels on Instagram, TikTok, Pinterest, Twitter, and YouTube. Stay informed about the company's progress, achievements, and extensive travel offerings to make well-informed investment decisions.
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.
Expedia Group, Inc. (NASDAQ: EXPE) has announced a proposed settlement in a class and derivative action pending in the Delaware Court of Chancery. This settlement aims to resolve all claims related to the litigation affecting common stockholders as of April 16, 2019, and current stockholders as of November 2, 2021. A hearing on the settlement will take place on January 19, 2022. The settlement includes corporate governance reforms that are anticipated to benefit the company. Key documentation is available on Expedia's investor relations website.
Expedia Group (NASDAQ: EXPE) reported strong Q3 2021 results, nearing pre-pandemic levels in net income and adjusted EBITDA. Revenue rose 97% year-over-year to $2.96 billion, driven by a 59% growth in stayed room nights. Gross bookings reached $18.73 billion, up 117%, with significant performance from Vrbo and domestic travel. Despite ongoing travel volatility, there are early positive signs for Q4. The company also announced plans to unify its loyalty programs for over 145 million members and completed the sale of Egencia to American Express GBT.
American Express Global Business Travel (GBT) has acquired Egencia, a leader in digital travel management. Expedia Group (NASDAQ: EXPE) now holds shares in GBT and will supply accommodations to them under a long-term deal. GBT aims to enhance Egencia through investments in technology and personnel, providing comprehensive solutions for business travel. The leaders of both organizations expect this partnership to offer unparalleled value, choice, and experiences in the travel market, especially as business travel rebounds.
Expedia Group (NASDAQ: EXPE) will announce its Q3 2021 results on November 4, 2021, following the market close. The earnings release and a webcast will be available on the company’s Investor Relations website. The webcast starts at 1:30 PM PT / 4:30 PM ET. A replay will be accessible for at least three months. The company aims to power travel globally through its diverse brands, including Expedia, Hotels.com, and Vrbo, fostering connections and memorable experiences.
On October 12, 2021, Expedia released its seventh annual report with Airlines Reporting Corporation, providing insights for travel in 2022. The report highlights that one in five Americans seek savings tips, with 38% willing to adjust travel plans to save money. Average ticket prices (ATPs) have risen since early 2021 but remain 35% lower for international flights compared to 2019. Key booking strategies include reserving domestic flights 28-35 days in advance and choosing Sundays for booking to save up to 10%. Travelers can save significantly by being flexible with travel dates and opting for bundled deals.
Expedia has released its holiday travel forecast, highlighting sunny beach destinations in Mexico, the southern U.S., and the Caribbean as top choices for Thanksgiving and Christmas 2021. Popular mountaintop escapes to Utah and Colorado are also expected to attract travelers. Data shows significant demand with average daily lodging rates rising since travel recovery began. Tips include booking flights early and being flexible with dates, potentially saving 10-15%. Cancun and Orlando rank as the most popular destinations this holiday season.
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