Welcome to our dedicated page for Expedia Group news (Ticker: EXPE), a resource for investors and traders seeking the latest updates and insights on Expedia Group stock.
Expedia Group, Inc. operates a global travel marketplace that connects travelers, lodging and travel partners, and advertisers through consumer brands including Expedia, Hotels.com and Vrbo. Company news commonly covers gross bookings, room nights, lodging demand, revenue trends, B2B travel activity, advertising, and margin performance across its online travel ecosystem.
Recurring updates also include partnerships that extend Expedia Group inventory and technology, such as API integrations and tools for lodging partners, along with research on traveler behavior and artificial intelligence in trip planning. Corporate news includes earnings webcasts, executive leadership changes, dividends, share repurchases, and other capital-allocation actions tied to the company's common stock.
Expedia Group highlights the importance of wellness and community in the workplace, specifically through the lens of running. According to a National Runner Survey, only 1.6% of marathon runners in the U.S. identify as African-American. Leaders Kira West and Jaison Williams share their personal journeys in running and how Expedia has fostered their wellness through travel perks and fitness benefits. Both emphasize that running parallels professional growth, with lessons of consistency and preparation being essential to success. The company supports employee wellness by offering travel discounts and health benefits, aiding employees in participating in events like marathons.
Expedia Group is committed to inclusivity, particularly for Black travelers, launching the Black and Well Traveled community to promote year-long engagement. Recently, the company hosted journalists and influencers at the National Brotherhood of Skiers 50th anniversary summit, focusing on making skiing more accessible for the Black community. The summit featured experiences on the slopes and a welcome dinner at a luxury Vrbo property. Key figures from Expedia, including Alexandra Legend Siegel, participated in discussions on diversity initiatives. This effort aligns with Expedia's broader mission to remove barriers in travel.
A new trend termed Thirst Trips has emerged, with a 35% increase in searches for poolside vacations and short getaways, as reported by Hotels.com. This trend reflects a growing desire for quick holiday escapes during the upcoming 98-day period without a federal holiday in the U.S. Average daily hotel rates are currently 10% lower than summer's peak, with the most affordable rates observed at the beginning of March. The data indicates a significant rise in interest in weekend getaways post-January, with searches climbing by 10% month-over-month. The report highlights that most bookings occur within a week of travel, showcasing a shift towards shorter, more spontaneous trips.
Hotels.com, the NBA's official travel sponsor, is launching a humorous ad campaign featuring comedians Sam Richardson and Ike Barinholtz as hotel staff during the NBA All-Star weekend (February 17–19, 2023). This marks Hotels.com’s first TV spots since their multi-year partnership with the NBA began in 2020. The ads showcase the unique accommodations made for NBA players, highlighting their routines while traveling for games. A recent survey revealed that basketball fans are willing to travel considerable distances to see their favorite teams, with many preferring 4- or 5-star hotels. The campaign will air on various platforms, including ESPN and NBA TV.
Expedia Group (NASDAQ: EXPE) will participate in Deutsche Bank's 31st Annual Media, Internet & Telecom Conference on February 27, 2023, at 1:20 pm PT / 4:20 pm ET. Peter Kern, Vice Chairman and CEO, will take part in a fireside chat. The event will be streamed live, and a replay will be accessible for 90 days. Expedia Group aims to enhance travel experiences through its vast platform, featuring brands such as Expedia®, Hotels.com®, and Vrbo®. The company emphasizes technology solutions and aims to facilitate memorable travel experiences while driving growth for its partners.
Expedia Group (NASDAQ: EXPE) reported robust financial results for Q4 and the full year 2022. Record lodging bookings reached 312 million, with a 36% revenue increase to $11.67 billion. Net income soared to $352 million from a $269 million loss in 2021, showcasing over 300% growth in adjusted net income. The company achieved a record adjusted EBITDA of $2.35 billion and free cash flow of $2.78 billion. Despite challenges in Q4 due to severe weather, demand has rebounded strongly in early 2023, with an emphasis on enhancing app capabilities and marketing strategies.
Expedia Group has announced the selection of 12 finalists for its inaugural Accelerator initiative aimed at enhancing travel accessibility for underserved communities. This initiative is part of Expedia's commitment to sustainability and responsible business practices. The selected startups focus on empowering disabled travelers, promoting travel equity, and supporting women and LGBTQIA+ travelers. Notably, the Accelerator will introduce a new program next year to develop additional capabilities. The company's efforts reflect a broader mission to democratize travel and create a more inclusive environment.
Expedia data shows a significant 40% increase in flight searches for March and April compared to last year, reflecting travelers' eagerness to plan spring break vacations. While average ticket prices are notably higher than in 2022, hotel rates remain stable. Early March and late April are expected to offer the best deals for flights. Popular international destinations like Punta Cana and Tokyo are seeing double-digit search increases. Travelers can find flights and hotel packages under $350 to cities such as Fort Lauderdale and Toronto. With fewer COVID-19 restrictions, interest in international travel is surging.
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.