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.
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.
Expedia Group (NASDAQ: EXPE) will participate in the Goldman Sachs Communacopia Conference on September 23, 2021. CEO Peter Kern will engage in a fireside chat at 11:55 am PT / 2:55 pm ET. A live webcast of the session will be available on the company's investor relations page, with a replay accessible for 90 days post-event. Expedia Group focuses on powering global travel, leveraging a diverse portfolio of travel brands including Brand Expedia, Hotels.com, and Vrbo, emphasizing the positive impact of travel.
On August 24, 2021, Expedia celebrated International Dog Day by unveiling a list of the top 12 dog-friendly hotels worldwide. These VIP Access properties are recognized for their excellent amenities catering to pets, ensuring both dogs and their owners have a pleasant stay. Travelers can enjoy perks like food and beverage credits at several locations, emphasizing a pet-inclusive travel experience. The announcement highlights key hotels in cities like Los Angeles, Seattle, New York, and Tokyo, aiming to attract dog lovers during their travels.
Expedia Group (NASDAQ: EXPE) reported strong recovery in Q2 2021, with gross bookings reaching $20.8 billion, a 667% increase year-over-year. Revenue also surged 273% to $2.1 billion, driven by a 196% rise in stayed room nights and improved demand for air travel. Despite these gains, the company incurred a net loss of $301 million, although this was a significant reduction from a loss of $753 million in Q2 2020. CEO Peter Kern highlighted the ongoing challenges posed by COVID-19 variants but expressed optimism about the recovery trajectory in the travel sector.
Expedia is excited to be the official travel partner for the upcoming WE LOVE NYC: The Homecoming Concert in Central Park on August 21. With New York City fully reopened, the event symbolizes a return to city tourism. Expedia will promote NYC hotels, flights, and activities, while offering up to 1,000 concert tickets to Rewards members. Senior VP Shiv Singh emphasized the vital link between travel and music, aiming to enhance traveler experiences post-pandemic. As cities globally see a tourism rebound, interest in NYC travel is notably increasing.
Expedia Group (NASDAQ: EXPE) will announce its Q2 2021 earnings on August 5, 2021, covering the period ending June 30, 2021. The earnings release will be available after market close, with a webcast starting at 1:30 PM PT / 4:30 PM ET. Investors can access these materials through the Investor Relations section of the company's website. A replay of the call will be available for at least three months.
Expedia Group aims to enhance global travel experiences through its extensive portfolio of brands and technology.
Expedia Group (NASDAQ: EXPE) is set to participate in the Evercore ISI Inaugural TMT Conference on June 7, 2021. Peter Kern, the Vice Chairman and CEO, will engage in a Q&A session starting at 8:00 am PT / 11:00 am ET. A live webcast of this session will be accessible to the public, with a replay available for 90 days post-event. Expedia Group facilitates global travel through a diverse platform of brands, including Expedia, Hotels.com, and Vrbo, driven by the belief that travel connects people and enhances experiences.
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