Egencia, the corporate travel division of the Expedia group, today announced their strategy for 2017 and beyond, as well as a new global organisation to support their ambition to be the “most business traveller centric company in the world”. Having enjoyed significant growth over the past several years, the company is now turning its attention to the next stage of their own and the industry’s evolution.
Expedia has announced a new partnership with Marriott International which integrates its technology to power the hotel company’s own dynamic packaging platform “Vacations by Marriott” on Marriott.com in the United States. Expedia fosters a test and learn environment that allows the company to leverage its world class technology to identify and test new products that meet partner business goals, while also adapting to changes in the marketplace.
The Expedia group and Travelport have today announced an expanded European partnership which sees Expedia extend its use of Travelport’s Travel Commerce Platform in multiple European countries. As part of the agreement, Expedia and its brands, including its corporate arm, Egencia, will continue to use Travelport’s industry-leading Universal Application Programming Interface to access unrivalled hotel and car content and to power new services that will give their customers a greater level of information, choice and flexibility when it comes to booking online travel.
In partnership with SilverRail and supported by the Association of Train Operating Companies and the Rail Delivery Group, Expedia customers will soon be able to also purchase rail travel throughout Britain alongside the travel options already on offer. The availability of rail on Expedia.co.uk will mark the first time a global, full-service online travel agency has offered a rail component in addition to other travel products such as air, hotel, car rental, activities and packages.
Expedia Affiliate Network has launched Hotels.com for Partners, a new online platform that allows partners such as airlines and travel companies to white label or co-brand with Hotels.com, and access its huge list of hotel rates and availabilities, increasing customer loyalty and traveller spend as a result.
Expedia and Amadeus IT Group have announced a new global, long-term agreement. The agreement enables Expedia to offer air, car, rail, cruise, and hotel products through the Amadeus global distribution system, and adds Orbitz Worldwide brands in addition to the Expedia, Hotwire, Travelocity, Wotif Group, Expedia Affiliate Network and Egencia brands covered by the previous agreement.
Expedia has revealed the initial design vision for its future campus in the City of Seattle. Expedia’s Phase I plans include new construction, the adaptive reuse of the existing buildings, and the development of outdoor green spaces.
The Expedia PartnerCentral app, which originally rolled out in June 2015, will now be available for Caribbean hotel partners in multiple languages including Spanish, French and Dutch. The app allows hotel partners to manage their business with Expedia anytime, anywhere.
Expedia CruiseShipCenters ended 2015 on a high note with substantial growth into new U.S. markets in addition to being named a top franchise opportunity. In 2015, the retail travel company met 33 percent year-over-year distribution channel growth when it awarded a record 40 new travel agency franchises. The brand looks to propel growth plans even farther in 2016.
The Expedia group has reported at Caribbean Travel Marketplace an increase in travel demand of 20 per cent year over year for the Caribbean via the company’s platforms during the third quarter of 2015 with significant growth reported across the entire region. The company also reports that Punta Cana in the Dominican Republic remains the top producing market in the Caribbean with more than 15 per cent growth year over year in the third quarter of 2015 when compared to the same period in 2014.
Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based on Expedia’s closing price on November 3, 2015. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock.