You might also like
Expedia Group, Inc. is a global leader in online travel and technology, providing a comprehensive range of travel products and services to both leisure and corporate travelers. The company operates through a diverse portfolio of consumer brands, including Brand Expedia, Hotels.com, Vrbo, trivago, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, CarRentals.com, and Expedia Cruises . Expedia's business activities are structured around three primary business models: the merchant model, the agency model, and the advertising model, with lodging being the largest revenue contributor . The company leverages its extensive supply portfolio and technology capabilities to empower travelers to efficiently research, plan, book, and experience travel .
- Merchant Model - Acts as the merchant of record for bookings, handling transactions and customer service for travel products.
- Agency Model - Facilitates bookings by acting as an agent, connecting travelers with travel service providers.
- Lodging - Offers a wide range of accommodation options, including hotels, vacation rentals, and other lodging services.
- Advertising Model - Provides media and advertising solutions, including targeted advertising and promotional opportunities.
- B2B Segment - Delivers business-to-business travel solutions, contributing significantly to overall revenue growth.
- Air Revenue - Includes sales and bookings of airline tickets and related services.
- "Despite Vrbo returning to modest growth, what specific strategies are you implementing to accelerate its growth to match or surpass competitors in the alternative accommodations space, particularly in underpenetrated international markets?"
- "With the addition of approximately 1 million units from Expedia to Vrbo, predominantly in urban areas and shorter stays, how do you anticipate this shift will impact Vrbo's margins and returns, and are there differences in profitability compared to your traditional inventory?"
- "How are recent regulatory updates in markets like California and Hawaii affecting your outlook for the U.S. alternative accommodations market, and do you view these as isolated incidents or indicative of a broader trend that could pose challenges to your growth potential?"
- "Given the deleverage in sales and marketing expenses due to higher commissions in your B2B business and increased investments in Vrbo and international markets, how do you plan to balance these rising costs while aiming for EBITDA margin improvement, especially as you enter 2025?"
- "Considering Julie Whalen's announcement of her impending departure as CFO, what measures are you taking to ensure continuity in your financial leadership, and how might this transition impact your strategic focus and financial goals for the upcoming year?"
Competitors mentioned in the company's latest 10K filing.
- Facebook, Instagram, and TikTok: Developing search functionality that may become alternative research and booking resources for travelers, increasing competition .
- Amazon and Alibaba: Traditional consumer eCommerce platforms that may expand their local offerings into the travel market, creating additional competition .
- Booking Holdings (Booking.com, Priceline.com, Agoda.com): Compete with Expedia in the OTA segment and provide alternative accommodations .
- Airbnb: Competes with Expedia's Vrbo in the alternative accommodations market and may expand into other travel services .
- Trip.com: Competes with Expedia in the OTA segment .
- Google: Competes by potentially disintermediating OTAs through its own offerings and capabilities, and by increasing the cost of traffic directed to Expedia's websites .
Recent developments and announcements about EXPE.
Corporate Leadership
Leadership Change
Departure and Appointment at Expedia Group: Julie Whalen is stepping down as Chief Financial Officer (CFO) of Expedia Group. Scott Schenkel has been appointed as the new CFO, effective after the company files its Annual Report for the fiscal year ending December 31, 2024, which is expected around February 7, 2025. Reason for Change: The transition is part of a planned succession to ensure a smooth handover of responsibilities .
CFO Change
Scott Schenkel has been appointed as the Chief Financial Officer (CFO) of Expedia Group, effective the day after the company files its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which is expected to be on or about February 7, 2025. Julie Whalen will continue to serve as CFO until the transition is complete .
CFO Change
Julie Whalen, the Chief Financial Officer of Expedia Group, Inc., will step down from her role effective upon the appointment of her successor, which is expected to occur before February 17, 2025. She has also resigned from the Board of Directors effective immediately .