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 is committed to inclusivity, particularly for Black travelers, launching the Black and Well Traveled community to promote year-long engagement. Recently, the company hosted journalists and influencers at the National Brotherhood of Skiers 50th anniversary summit, focusing on making skiing more accessible for the Black community. The summit featured experiences on the slopes and a welcome dinner at a luxury Vrbo property. Key figures from Expedia, including Alexandra Legend Siegel, participated in discussions on diversity initiatives. This effort aligns with Expedia's broader mission to remove barriers in travel.
A new trend termed Thirst Trips has emerged, with a 35% increase in searches for poolside vacations and short getaways, as reported by
Hotels.com, the NBA's official travel sponsor, is launching a humorous ad campaign featuring comedians Sam Richardson and Ike Barinholtz as hotel staff during the NBA All-Star weekend (February 17–19, 2023). This marks Hotels.com’s first TV spots since their multi-year partnership with the NBA began in 2020. The ads showcase the unique accommodations made for NBA players, highlighting their routines while traveling for games. A recent survey revealed that basketball fans are willing to travel considerable distances to see their favorite teams, with many preferring 4- or 5-star hotels. The campaign will air on various platforms, including ESPN and NBA TV.
Expedia Group (NASDAQ: EXPE) will participate in Deutsche Bank's 31st Annual Media, Internet & Telecom Conference on February 27, 2023, at 1:20 pm PT / 4:20 pm ET. Peter Kern, Vice Chairman and CEO, will take part in a fireside chat. The event will be streamed live, and a replay will be accessible for 90 days. Expedia Group aims to enhance travel experiences through its vast platform, featuring brands such as Expedia®, Hotels.com®, and Vrbo®. The company emphasizes technology solutions and aims to facilitate memorable travel experiences while driving growth for its partners.
Expedia Group (NASDAQ: EXPE) reported robust financial results for Q4 and the full year 2022. Record lodging bookings reached 312 million, with a 36% revenue increase to $11.67 billion. Net income soared to $352 million from a $269 million loss in 2021, showcasing over 300% growth in adjusted net income. The company achieved a record adjusted EBITDA of $2.35 billion and free cash flow of $2.78 billion. Despite challenges in Q4 due to severe weather, demand has rebounded strongly in early 2023, with an emphasis on enhancing app capabilities and marketing strategies.
Expedia Group has announced the selection of 12 finalists for its inaugural Accelerator initiative aimed at enhancing travel accessibility for underserved communities. This initiative is part of Expedia's commitment to sustainability and responsible business practices. The selected startups focus on empowering disabled travelers, promoting travel equity, and supporting women and LGBTQIA+ travelers. Notably, the Accelerator will introduce a new program next year to develop additional capabilities. The company's efforts reflect a broader mission to democratize travel and create a more inclusive environment.
Expedia data shows a significant 40% increase in flight searches for March and April compared to last year, reflecting travelers' eagerness to plan spring break vacations. While average ticket prices are notably higher than in 2022, hotel rates remain stable. Early March and late April are expected to offer the best deals for flights. Popular international destinations like Punta Cana and Tokyo are seeing double-digit search increases. Travelers can find flights and hotel packages under $350 to cities such as Fort Lauderdale and Toronto. With fewer COVID-19 restrictions, interest in international travel is surging.
DALLAS, Jan. 30, 2023 /PRNewswire/ -- Hotels.com launched a new web series titled Perfect 10, featuring celebrities like Busy Philipps, Evan Mock, and Kwame Onwuachi sharing personal hotel stories. The series aims to showcase the unique experiences and hotel preferences of these personalities. The first three episodes, available at hotels.com/perfect10, reveal insights on hotel etiquette and tips for booking. Hector Muelas from Expedia Group emphasizes that these stories reflect the guests' personalities. The series promises to roll out more episodes throughout 2023.
Expedia Group (NASDAQ: EXPE) will announce its fourth quarter 2022 results on February 9, 2023, for the period ending December 31, 2022. The earnings release will be accessible in the Investor Relations section of their website after market close, with a webcast beginning at 1:30 PM PT / 4:30 PM ET. A replay will be available for at least three months. Expedia Group empowers travel through a global platform, offering industry-leading technology and a diverse range of brands, including Expedia, Hotels.com, and Vrbo, among others.
Expedia's recent survey reveals that 34% of over 4,000 U.S. travelers feel burnt out after the holidays, with 96% planning to spend part of their next trip doing nothing. January is a peak month for booking beach vacations, with rising demand for destinations like Cancun and Oahu. Travelers are encouraged to bundle services for savings of over 10%. Nearly half of respondents aim to kick off the new year with a trip, seeking relaxation as their top vacation priority. Expedia also offers a chance to win $4,500 in points for a 'nothing-cation.'
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