Expedia Group Stock Price, News & Analysis

DALLAS, Jan. 30, 2023 /PRNewswire/ -- Hotels.com launched a new web series titled Perfect 10, featuring celebrities like Busy Philipps, Evan Mock, and Kwame Onwuachi sharing personal hotel stories. The series aims to showcase the unique experiences and hotel preferences of these personalities. The first three episodes, available at hotels.com/perfect10, reveal insights on hotel etiquette and tips for booking. Hector Muelas from Expedia Group emphasizes that these stories reflect the guests' personalities. The series promises to roll out more episodes throughout 2023.

Expedia Group (NASDAQ: EXPE) will announce its fourth quarter 2022 results on February 9, 2023, for the period ending December 31, 2022. The earnings release will be accessible in the Investor Relations section of their website after market close, with a webcast beginning at 1:30 PM PT / 4:30 PM ET. A replay will be available for at least three months. Expedia Group empowers travel through a global platform, offering industry-leading technology and a diverse range of brands, including Expedia, Hotels.com, and Vrbo, among others.

Expedia's recent survey reveals that 34% of over 4,000 U.S. travelers feel burnt out after the holidays, with 96% planning to spend part of their next trip doing nothing. January is a peak month for booking beach vacations, with rising demand for destinations like Cancun and Oahu. Travelers are encouraged to bundle services for savings of over 10%. Nearly half of respondents aim to kick off the new year with a trip, seeking relaxation as their top vacation priority. Expedia also offers a chance to win $4,500 in points for a 'nothing-cation.'

According to Hotels.com, travelers can find hotel prices below $150 per night during the upcoming 'cold shoulder season' from December 15 to 20 and January 3 to 8. This winter, average nightly rates are expected to drop significantly, with reductions of $50 to $100 from summer rates that averaged over $200. Popular destinations include Las Vegas, Lima, and Los Angeles, where numerous hotels are offering competitive pricing. Peak hotel rates will occur during New Year's Eve weekend, with Caribbean locations exceeding $800 per night.

On November 17, 2022, Expedia Group announced key travel trends for 2023, indicating a departure from the 'new normal.' Insights show cultural destinations like Edinburgh and Tokyo gaining traction, while outdoor retreats rise in popularity. Streaming content now inspires 40% of travelers, with 68% considering trips based on on-screen locations. With 32% of U.S. travelers prioritizing value, interest in three-star hotels surged by 20%. Wellness travel is evolving, as over half seek unique experiences. The report highlights optimism in the travel industry, anticipating recovery to pre-2020 levels.

Henrique Dubugras, Co-founder and Co-CEO of Brex, has been elected to Expedia Group's Board of Directors on November 8, 2022. With extensive experience in building technology companies, Dubugras aims to enhance Expedia's mission of powering global travel. He co-founded Brazil's largest payment processor, Pagar.me, and Brex, which provides financial software and corporate cards to various clients. Dubugras expressed enthusiasm for joining Expedia, highlighting shared values regarding globalization and innovation alongside CEO Peter Kern's support for his appointment.

Expedia Group (NASDAQ: EXPE) reported strong financial results for Q3 2022, achieving record revenue of $3.6 billion, up 22% year-over-year, and $1.08 billion in adjusted EBITDA, a 26% increase. Key metrics included a 28% rise in gross bookings to $24 billion and a 33% increase in net income to $482 million. Free cash flow exceeded $3 billion for the first nine months, double 2019 levels. The company repurchased $200 million in shares and reduced debt by $500 million in the past 18 months, enhancing financial stability amidst robust travel demand.

Hotels.com, along with celebrity couple Nick and Vanessa Lachey, has launched Hotels.com Cuffing Season Stays to help singles find partners this fall. This initiative offers a collection of VIP Access properties in popular U.S. cities, tailored for various couple types, from luxury to party lovers. Each hotel provides unique amenities and special perks for Hotels.com Rewards members. Additionally, couples dating less than six months can enter a sweepstakes to win $2,500 in Hotels.com gift cards, with potential bonuses for staying together until Valentine's Day 2023.

Expedia Group (NASDAQ: EXPE) will publish its Q3 2022 earnings results on November 3, 2022, for the period ending September 30, 2022. The earnings release will be accessible post-market close, with a webcast starting at 1:30 PM PT / 4:30 PM ET. Investors can find this information on the Investor Relations page. A replay of the earnings call will be available for at least three months. Expedia Group is dedicated to enhancing travel experiences through its extensive range of brands and technology solutions.