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.
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.
Expedia Group, Inc. reported strong first-quarter revenue and profitability with an 8% year-over-year revenue growth and margin expansion. The company experienced slower-than-anticipated recovery in Vrbo gross bookings but saw growth in B2B, Brand Expedia, and Advertising. Total gross bookings reached $30.2 billion, with hotel bookings up 12%. Expedia Group lowered its full-year guidance due to Vrbo's performance, projecting mid-to-high single-digit revenue growth. Despite challenges, the company remains confident in its platform and growth prospects.
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