Expedia Group Stock Price, News & Analysis

Expedia Group (NASDAQ: EXPE) reported strong Q3 2024 results with notable growth across key metrics. Room nights increased 9% year-over-year, while total gross bookings reached $27.5 billion, up 7%. Revenue grew 3% to $4.1 billion, despite a 2-point negative FX impact. B2B performance was particularly strong, with gross bookings up 19% and revenue growing 18% to $1.2 billion. The company's lodging segment saw 8% growth in gross bookings to $20.0 billion. Financial highlights include a 61% increase in net income and 76% growth in diluted EPS to $5.04. The company also announced a CFO transition, with Julie Whalen stepping down from her role and board position.

Expedia Group has released a new research study titled 'Journeys for All: An Expedia Group Study on Inclusion in Travel', focusing on travel barriers faced by underserved communities in the United States. The study reveals that 80% of underserved travelers, including Black, Latino, LGBTQIA+, and travelers with disabilities, encounter significant challenges throughout their travel experiences. The research examines various stages of the travel journey, from planning to destination experiences, highlighting the need for industry-wide changes to promote inclusivity and build a more diverse visitor base.

Expedia Group released insights on inclusive travel practices for vacation rental hosts, highlighting the growing importance of serving underrepresented travelers. The study reveals that 40% of underserved travelers feel by their identity when selecting destinations. Notable findings include that 71% of underserved travelers prefer brands supporting diversity initiatives, and these travelers spend an additional five hours researching safe and welcoming accommodations. The report emphasizes that 61% of Black and Latino travelers prioritize reviews from similar backgrounds, while 55% of LGBTQIA+ travelers value recommendations from their community.

Expedia Group (NASDAQ: EXPE) has appointed Ramana Thumu as its new Chief Technology Officer. Thumu will lead the company's technology organization, overseeing engineering, data, artificial intelligence, cloud platforms, and security. He brings over 20 years of experience in leading transformative tech initiatives, most recently serving as Chief Product and Technology Officer at Fanatics Commerce.

Thumu's role will involve capitalizing on Expedia Group's recent tech and platform investments. He will join the Travel Leadership Team, reporting directly to CEO Ariane Gorin, and will be based in San Francisco starting December. Prior to Fanatics, Thumu spent a decade at eBay, where he was key in developing various platforms that fueled global growth.

Expedia Group unveiled Unpack '25, an annual data-driven outlook for travel trends in 2025. The report, based on first-party travel data, insights from 25,000 travelers, and industry innovation, highlights eight noteworthy trends:

1. Detour Destinations: Travelers are adding less-known spots near popular hotspots to their itineraries.
2. Goods Getaways: Trips centered around acquiring unique local products.
3. All-Inclusive Era: Gen Z embracing stress-free, all-inclusive resorts.
4. Hotel Restaurant Renaissance: Increased focus on hotel dining experiences.
5. JOMO Travel: Embracing the joy of missing out for relaxation.
6. The Phenomena-List: Travel to witness natural phenomena.
7. Set-Jetting: TV and movie-inspired travel destinations.
8. One-Click Trips: Simplified booking through social media.

The report also provides detailed insights into each trend, including popular destinations and consumer preferences.

Expedia Group has launched 'Journeys for All: An Expedia Group Study on Inclusion in Travel', a pioneering report aimed at fostering a more inclusive travel community. The study identifies shared travel challenges faced by underserved groups, including Black, Latino, LGBTQIA+, and travelers with disabilities. It provides essential data and key recommendations for the travel industry to better serve underrepresented travelers.

The report highlights persistent pain points that need immediate attention and action, offering recommendations based on firsthand insights. Expedia Group emphasizes that embedding inclusive practices across products and services not only enhances brand appeal and loyalty but also creates significant growth opportunities by meeting the needs of more travelers.

The company calls for a collective effort from all corners of the travel industry to create meaningful and sustainable change, improving experiences for all travelers. The principles outlined in the report serve as a starting point for providing a universally welcoming travel experience.

Expedia Group hosted its 2nd annual Inclusion Business Group (IBG) Summit in September, bringing together global IBG leaders for two days in Austin. The summit focused on driving inclusion and belonging across the organization and creating lasting impact through actionable outcomes. IBGs are strategic groups sponsored by the Inclusion & Diversity team, advancing inclusion for underrepresented identities at Expedia Group.

The summit's goals included increasing strategic alignment between inclusion and diversity goals, IBG goals, and business objectives. It featured over 15 sessions, including discussions with leadership and panels with IBG Executive Sponsors. Attendees reported a 100% increase in sentiments of belonging. The event emphasized the importance of IBGs in fostering a diverse and inclusive work environment, providing employees a platform to connect and support one another.

Expedia Group (NASDAQ: EXPE) has announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The results will cover the period ended September 30, 2024. The company will publish an earnings release after the market closes, followed by a webcast at 1:30 PM Pacific Time / 4:30 PM Eastern Time.

Investors and interested parties can access the earnings release and join the webcast through the Investor Relations section of Expedia Group's corporate website at http://ir.expediagroup.com. A replay of the call is expected to be available for approximately twelve months, providing extended access to the discussion of the company's financial performance.

Expedia Group (NASDAQ: EXPE) has announced its participation in Deutsche Bank's 2024 Technology Conference. The company's CEO, Ariane Gorin, will engage in a fireside chat on Thursday, August 29, 2024, at 2:45 PM PT / 5:45 PM ET. Investors and interested parties can access a live webcast of the session and related materials through Expedia Group's investor relations website at http://ir.expediagroup.com. The presentation materials and a replay of the webcast will remain accessible for 90 days following the event, providing an extended opportunity for stakeholders to review the company's insights and updates shared during the conference.