Expedia Group has reported a loss of $2.69 billion, or $19 a share, for financial 2020 as the Covid-19 pandemic took a huge toll on the travel sector around the world.
Research carried out by the group in April shows lodging partners want support from online travel agencies in four priority areas as they look to rebound from the pandemic.
Expedia saw revenue fall 15 per cent, to US$2.2 billion, during the first quarter of financial 2020, as the Covid-19 pandemic took a huge toll on the company.
Expedia has unveiled plans to raise US$3.2 billion in new capital as international travel stalls in the midst of the coronavirus pandemic. At the same time, Peter Kern has been appointed chief executive of the company.
Expedia have launched an interactive airline luggage allowance guide to help people shopping for flights find out which one really is best for them.
In an exclusive agreement, Vueling Holidays, powered by Expedia’s white-labelled online template, gives travellers access to flight and hotel package deals, including Expedia Group’s global supply of more than 500,000 accommodations in over 25,000 destinations worldwide.