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 announced a private offering of $825 million in convertible unsecured senior notes and other senior unsecured notes, subject to market conditions. The proceeds will primarily refinance existing debt, including a tender offer for its 6.250% Senior Notes due 2025, and cover associated costs. The notes will be guaranteed by certain subsidiaries. Holders of the convertible notes may convert them into cash or stock. The offering is limited to qualified institutional buyers and not registered under the Securities Act.
Expedia Group has initiated a cash tender offer for up to $950 million of its 6.250% Senior Notes due 2025. Holders whose notes are acquired will receive accrued interest from the last payment date to the settlement date. The offer is set to expire on March 15, 2021, with early participation incentives for those who tender by March 1, 2021. The company is also redeeming its 7.000% Senior Notes due 2025, conditioned on the proceeds from a concurrent financing transaction. The company aims to retire its notes before maturity, enhancing its financial flexibility.
Expedia Group, Inc. (NASDAQ: EXPE) announced its fourth quarter 2020 earnings results on its Investor Relations website. The company will hold a conference call today at 1:30 PM PT to discuss these financial results. The call will be accessible via live webcast and a replay will be available for three months. Expedia Group continues to focus on making travel easier for customers globally through its various brands including Expedia, Hotels.com, and Vrbo, among others.
According to Expedia's annual Vacation Deprivation study, Americans plan to take an extra week of vacation in 2021, reflecting a shift towards valuing vacation time after a year of limited travel. The study shows that 36% of Americans intend to resume regular vacations, with 32% planning to take more vacations than usual. However, in 2020, U.S. workers took the fewest vacation days (8) compared to other countries. Despite previous challenges, this year promises improved work-life balance as 64% of respondents feel vacation deprived, emphasizing the growing demand for travel.
Expedia Group (NASDAQ: EXPE) will announce its fourth quarter 2020 results on February 11, 2021. The earnings release will be available after market close, with a webcast starting at 1:30 PM PT / 4:30 PM ET. Interested parties can access the release and webcast on the company's Investor Relations website. A replay of the call will be available for at least three months. Expedia Group aims to enhance travel accessibility through its diverse portfolio of brands, making travel easier and more enjoyable for customers worldwide.
Expedia is launching a 'Work from Here' initiative, allowing remote workers to book exclusive two-week stays at luxury properties for just $20.20. Starting December 14, 2020, six bookings will be available at three selected hotels in Charleston, Key West, and Scottsdale, designed to enhance remote work experiences with beautiful backdrops. The initiative stems from a survey revealing that 68% of remote workers would prefer to work from a vacation location. This campaign aims to inspire workers to balance productivity and travel in a post-pandemic world.
Expedia.com has released its 2021 Travel Trends Report, highlighting significant shifts in U.S. travel patterns due to the pandemic. In 2020, Americans favored nearby scenic locations, with trending destinations like Lincoln, NH, and Lake Havasu, AZ. The report indicates that flexibility in bookings is essential, with a 10% increase in refundable rate bookings. Average ticket prices for domestic and international flights dropped by 25-35% year-on-year. Notably, travelers are now booking flights just 29 days in advance, reflecting a shift in travel behavior that prioritizes adaptability.
Expedia Group, Inc. (NASDAQ: EXPE) released its Q3 2020 earnings report, accessible via their Investor Relations website and the SEC. A conference call to discuss results is scheduled for 1:30 PM PT / 4:30 PM ET. Expedia aims to enhance travel accessibility through a diverse portfolio of brands, including Expedia, Hotels.com, and Vrbo, offering various travel experiences globally. The company focuses on leveraging technology to improve customer experiences.
Expedia Group (NASDAQ: EXPE) will disclose its third quarter 2020 results on November 4, 2020. The earnings release will be available after market close, with a corresponding webcast commencing at 1:30 PM PT (4:30 PM ET). Interested parties can access details via the Investor Relations section of their corporate website. The webcast replay will be online for at least three months, providing insights into Expedia's financial performance during the quarter.
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