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Kevin Koppelman

Managing Director and Senior Equity Research Analyst at TD Securities

Kevin Kopelman is a Managing Director and Senior Equity Research Analyst at TD Cowen, specializing in coverage of hotels, online travel, and e-commerce sectors. He actively covers 16 companies across industries like leisure, internet commerce, and hospitality—including notable names such as Carnival, Norwegian Cruise Line, Royal Caribbean Cruises, and Trip.com Group—with over 67% of his analyst ratings issued as Buy recommendations. Kopelman began his research career at Cowen in 2006, held the role of Director there, and later advanced to Managing Director at TD Securities (USA) LLC, bringing nearly two decades of experience and a strong track record in consumer discretionary and online travel equities. He holds a BSBA in finance, a BA in Spanish, is a CFA charterholder, and is registered with FINRA, reflecting his longstanding expertise and professional credentials in equity research.

Kevin Koppelman's questions to Expedia Group (EXPE) leadership

Question · Q3 2025

Kevin Koppelman inquired about the acceleration observed in U.S. room nights and any specific drivers contributing to this growth.

Answer

CFO Scott Schenkel reported that booked room nights were up 11%, marking the strongest growth in over three years, with high single-digit growth in the U.S. and low double-digit growth internationally, including over 20% in APAC. CEO Ariane Gorin added that the U.S. acceleration was broad-based, impacting both the consumer and B2B businesses.

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