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 (NASDAQ: EXPE) reported its Q2 2024 results, showing 6% growth in both gross bookings and revenue, reaching $28.8 billion and $3.6 billion respectively. Highlights include:
- 10% increase in booked room nights
- 8% growth in lodging gross bookings to $20.7 billion
- 22% rise in B2B revenue to $1.0 billion
- Net income of $386 million
- Adjusted EBITDA up 5% to $786 million
However, CEO Ariane Gorin noted a softening in travel demand in July, leading to adjusted expectations for the rest of the year. The company repurchased 9.2 million shares for $1.2 billion year-to-date.
Expedia Group has partnered with the French Government and Acceslibre to enhance accessible travel for the Paris 2024 Olympics. The initiative aims to provide detailed accessibility data for hotels and vacation rentals listed on Expedia's brands, including Expedia, Hotels.com, and Vrbo. This pilot program addresses the growing needs of travelers with disabilities, expected to reach over 33 million in the US by 2028.
The partnership will offer information on features such as braille signage, visual alarms, and wheelchair accessible parking, enabling travelers to make informed decisions based on their specific accessibility requirements. This collaboration is a step towards creating more inclusive travel experiences and sets an example for the industry to improve accessibility in tourism.
Expedia Group, Wells Fargo, and Mastercard have announced a multi-year partnership to launch two new co-branded credit cards: the One Key™ Card and One Key+™ Card. These cards are designed to enhance Expedia Group's One Key™ loyalty program by offering rewards, tier upgrades, and travel perks. Cardholders can earn OneKeyCash™, which can be used for bookings on Expedia, Hotels.com, and Vrbo. The One Key Card offers $400 in OneKeyCash for a $1,000 spend in three months, while the One Key+ Card offers $600 for a $3,000 spend. Both cards provide instant tier upgrades, travel protections, and no foreign transaction fees. The cards will be available later this summer, with existing Hotels.com cardholders transitioning to the no-annual-fee One Key Card in September.
Expedia Group has partnered with Wells Fargo and Mastercard to launch two new co-branded credit cards: One Key Card and One Key+ Card. These cards are designed to enhance Expedia's One Key loyalty program, offering U.S. travelers increased flexibility, savings, and perks.
The One Key Cards will allow users to earn OneKeyCash rewards, which can be used across Expedia, Hotels.com, and Vrbo for booking hotels, vacation rentals, car rentals, activities, and flights.
One Key+ Card holders will enjoy benefits such as earning $600 in OneKeyCash after spending $3,000 in the first three months, earning 3% in OneKeyCash on various purchases, and an annual fee of $99. One Key Card holders can earn $400 in OneKeyCash after spending $1,000 in the first three months, also earning 3% on similar purchases but with no annual fee.
Both cards offer tier upgrades, with One Key+ Card holders achieving Gold tier benefits and One Key Card holders reaching Silver tier benefits.
Applications for the new cards will start nationwide later this summer, with existing Hotels.com cardholders transitioning to the new program by September.
Expedia Group (NASDAQ: EXPE) announced it will release its second quarter 2024 financial results on August 8, 2024, after market close. The results will cover the period ending June 30, 2024. Alongside the earnings release, a webcast is scheduled to begin at 1:30 PM PT / 4:30 PM ET. Investors can access both the earnings report and webcast via Expedia Group's Investor Relations website. A replay of the webcast will be available for about twelve months.
According to Expedia's 24th annual Vacation Deprivation Report, released on June 20, 2024, 53% of Americans don't plan to use all their allotted vacation days this year, despite having just 12 days off annually—the fewest of any country surveyed. American vacation deprivation has hit an 11-year high at 65%, contrasting with declines in other parts of the world. In Japan, where workers take similar days off, vacation deprivation is lowest globally at 53%. French workers enjoy the most days off at 29, seeing vacations as a right. Hong Kong workers, unique in using more days than allocated, plan to continue this trend. Expedia suggests Americans can adopt global strategies like frequent short vacations and prioritizing rest.
Expedia's Summer Sale offers vacation-deprived One Key members 25% off on thousands of hotels through October, encouraging better use of vacation days.
Expedia Group recently hosted its 25th EXPLORE partner conference, highlighting its commitment to inclusivity and accessibility in global travel. Led by Aditi Mohapatra, the session featured insights from Lawrence P. of Green Book Global and Heather Ansley of Paralyzed Veterans of America, organizations supported by Expedia's Open World Accelerator and Made to Travel Fund. Initial findings from Expedia's inclusive travel research were also previewed, with more details to come. This aligns with Expedia's broader mission to enable accessible travel for everyone, under the new leadership of CEO Ariane Gorin.
Expedia Group announced over 40 new AI-driven travel features at its annual EXPLORE conference in Las Vegas. Key highlights include Romie, an AI travel assistant that helps with trip planning, booking, and real-time updates. Additionally, new e-commerce capabilities, such as Travel Shops, allow content creators to share and sell travel recommendations.
Expedia's Spring Product Release includes a personalized itinerary builder, self-service booking management, price and destination comparisons, and a revamped help center. For partners, new tools for fraud prevention, optimized distribution, and AI-powered guest experience insights have been introduced.
Expedia also revealed the world's leading travel media network, leveraging first-party travel data to offer advanced advertising solutions across multiple platforms.
Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24 on May 14, 2024, at 10:30 a.m. PT. This annual partner event will showcase new innovations aimed at enhancing the travel experience for travelers and partners worldwide.
Expedia Group released its 2023 Global Impact Report, showcasing progress toward environmental, social, and governance targets. The company aims to achieve Net Zero greenhouse gas emissions by 2040, with interim goals set for 2030. Initiatives include the Made to Travel™ Fund, Open World Accelerator, and efforts to promote diversity and inclusion. Expedia Group's commitment to sustainability and social impact is evident through partnerships, funding, and community support.
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