Expedia Group Stock Price, News & Analysis

Expedia Group (NASDAQ: EXPE) will disclose its Q2 2022 results on August 4, 2022, after market close. The earnings release will be followed by a webcast at 1:30 PM PT / 4:30 PM ET. Interested stakeholders can access the earnings report and webcast in the Investor Relations section of their website. A replay of the call will be available for at least three months. This announcement underscores Expedia's commitment to transparency and engagement with investors.

Expedia Group announced its partnership with Bilt Rewards to launch the Bilt Travel Portal, enabling Bilt members to book travel using their rewards points. This initiative, effective immediately, allows users to redeem Bilt points for various travel expenses, enhancing the value of their loyalty program. The portal provides access to over 700,000 properties and 500 airlines worldwide. The collaboration is part of Expedia's strategy to leverage its technology and expand its market reach, thereby driving growth and user engagement within the travel sector.

Expedia's recent survey reveals the significant impact of the COVID-19 pandemic on honeymoon plans, with 97% of couples experiencing disruptions. As wedding numbers rebound, an estimated 4.7 million weddings are expected in 2022-2023, leading to evolving honeymoon trends. Key findings include that 65% of couples prefer honeymoon funds, 53% plan to spend more than budgeted, and 83% are considering multiple honeymoon trips. The survey also indicates a desire for romantic and adventurous experiences as couples look forward to these celebrations.

Expedia Group introduced its new technology platform, Expedia Group Open World, at the EXPLORE 22 event in Las Vegas. This platform aims to empower partners of all sizes with a comprehensive e-commerce suite for enhanced travel services. Additionally, a revamped marketplace focuses on improving traveler experiences and introduces a guest experience score that influences visibility in searches. New features like Trip Boards and Price Tracking are designed to boost traveler confidence. The One Key loyalty program is set to integrate four existing programs, allowing seamless point earnings across brands.

Expedia Group (NASDAQ: EXPE) will livestream its annual partner event, EXPLORE 22, on May 4, 2022, at 4pm ET. The event will showcase new innovations aimed at enhancing travel experiences for both travelers and partners. The live webcast can be accessed at livestream.exploreexpediagroup.com. For further details about the event, visit exploreexpediagroup.com.

Expedia Group (NASDAQ: EXPE) reported a strong recovery in Q1 2022, with gross bookings at $24.4 billion, up 58% from Q1 2021. Despite a net loss of $122 million, adjusted EBITDA was $173 million, nearly flat compared to pre-pandemic levels. The company highlights demand for leisure and business travel, bolstered by a new $2.5 billion credit facility for liquidity. Revenue reached $2.25 billion, an 81% year-over-year increase. However, European recovery was impacted by the war in Ukraine, and the net loss per share improved to $(0.78) from $(4.17) a year prior.

Hotels.com launched a new campaign titled "Find Your Perfect Somewhere" aimed at redefining the brand as a hotel matchmaker. Created with Wieden+Kennedy Portland, the campaign features three 30-second ads that portray hotels like online dating profiles, highlighting diverse accommodations. Premiering on April 23 during the NBA Playoffs, the ads are part of a broader marketing strategy that includes digital, OOH, and social placements. The initiative emphasizes unique traveler experiences and hotel personalities, with the goal of enhancing user engagement and bookings.

Hotels.com released its first Hot Price Index, indicating higher summer hotel prices compared to 2019, averaging over $200 per night in key U.S. destinations.

The report highlights expensive summer spots like the Hamptons and offers discount opportunities in regions like South America and Europe. Comprehensive savings tips include traveling off-peak and considering lesser-known destinations. The index reveals affordable international rates for under $200 in cities such as Buenos Aires and Glasgow. The analysis is based on prices from April 1-12, 2022.