Expedia News
IHG Hotel signs preferred distribution deal with Expedia
Expedia Group has signed to become the preferred redistributor of IHG Hotels & Resort properties’ wholesale rates worldwide through its optimised distribution preferred program.
American Express Global Business Travel acquires Egencia
American Express Global Business Travel has successfully completed the acquisition of Egencia, a digital travel management platform, from travel giant Expedia.
Financial recovery continues at Expedia
Expedia has reported a net loss of $301 million for the three months to June. The figure is, however, a substantial improvement on the loss of $753 million reported in the same quarter of 2020.
American Express Global Business Travel agrees to acquire Egencia
As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, American Express Global Business Travel.
Expedia launches wide-ranging brand refresh
From an updated look and feel to enhanced product offerings, Expedia is looking to double down on efforts to deliver on travellers’ evolving wants and needs in a post-pandemic world.
Expedia Group records huge 2020 loss
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.
UNWTO signs Expedia partnership to drive tourism recovery
The World Tourism Organisation has signed a deal to work alongside the Expedia Group to strengthen ties between the public and private tourism sectors.
Expedia offers $275m in support to hospitality partners
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 sees revenue slump but offers positive long-term view
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.
New chief executive for Expedia as company raises cash
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 unveils huge job cuts to slim organisation
Expedia has said it will dismiss around 3,000 members of staff, including 500 at its headquarters in Seattle. The cuts represent around 12 per cent of the workforce.
Expedia chief Okerstrom steps down after two years
Mark Okerstrom has stepped down as chief executive of Expedia Group after two years in the role. Chief financial officer, Alan Pickerill, will also leave the company, effective immediately.