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. (EXPE) operates as a globally recognized online travel company. It provides an extensive array of travel services through its four distinct segments: Core Online Travel Agencies, Trivago, Vrbo, and Egencia. The company's brand portfolio features Expedia, a comprehensive online travel brand with localized websites, and Hotels.com, a platform for marketing and distributing lodging accommodations. Additionally, Vrbo facilitates online marketplaces for alternative accommodations, while Expedia Partner Solutions serves as a B2B brand offering travel options for airlines, hotels, travel agencies, loyalty and corporate travel companies, and consumer brands. Egencia provides corporate travel management services.
The company's brand lineup also includes Orbitz, Travelocity, Cheaptickets, Ebookers, and Hotwire, which offer various travel booking services. Expedia Group Media Solutions delivers media partnerships and digital marketing solutions. Notably, Trivago serves as an online hotel metasearch platform connecting travelers with numerous hotel options.
Expedia is the world's second-largest online travel agency by bookings. Its services cover lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination activities, and other travel services (11%), and advertising revenue (6%). The company's revenue primarily stems from transaction fees for online bookings.
Expedia remains a robust player in the travel industry with ongoing projects like the Spring Break Travel Outlook and collaborations with well-known personalities such as Grammy-winning artist Anderson .Paak. These initiatives reinforce its position in the market while also showcasing its ability to adapt to consumer trends and preferences. Furthermore, Expedia's dedication to sustainability is evident through its partnerships with the Wildlife Conservation Society and the Travel Foundation, aiming to promote eco-friendly travel and support local communities.
For the latest updates, visit the Expedia Group website or follow their social media channels on Instagram, TikTok, Pinterest, Twitter, and YouTube. Stay informed about the company's progress, achievements, and extensive travel offerings to make well-informed investment decisions.
Vrbo, part of Expedia Group, launched a new program called Fast Start to enhance visibility for new properties within their first 90 days. Properties can earn an average of US$6,000 in that period, 50% more than on other sites. The program offers new hosts a badge, elevated search position, and dedicated support. A pilot showed a 25% increase in bookings and a 140% increase in gross booking value. The program kicks off in the U.S. and will expand globally. Last year, 95% of hosts participated in responsible travel initiatives.
On March 15, 2021, Expedia.com announced the ranking of the friendliest towns and cities in the U.S., based on traveler reviews between January 2019 and December 2020. The list includes top destinations such as Whitefish, Montana, and Sister Bay, Wisconsin, appealing to those seeking welcoming travel experiences as spring and summer travel resumes. The announcement aligns with Expedia's 2021 travel trends emphasizing social distancing and domestic escapes. Expedia is currently offering a Spring Sale with discounts up to 20% on select hotels, valid until March 31.
Expedia Group announced an increase in its cash tender offer for a portion of its 6.250% Senior Notes due 2025, raising the maximum purchase price from $950 million to $1.13 billion. This Offer is conditional upon the successful completion of a $1 billion financing transaction, which includes issuance of 2.950% Senior Notes due 2031 and 0% Convertible Senior Notes due 2026. As of the Early Participation Date on March 1, 2021, valid tenders reached $1.70 billion, and the Offer is expected to conclude without additional purchases due to full subscription.
Expedia Group (NASDAQ: EXPE) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021. CEO Peter Kern will lead a Q&A session starting at 8:00am PT / 11:00am ET. A live webcast will be publicly accessible through Expedia's Investor Relations. A replay will be available for 90 days.
Expedia.com has launched an Emergency Accommodations Portal in response to the severe winter weather in Texas, which has displaced many residents. The portal provides real-time information on hotel availability and aims to reduce stress for those seeking shelter. Expedia is collaborating with hotel partners to ensure accurate pricing and availability, implementing price caps to maintain fairness. The initiative is part of Expedia's commitment to assist during recovery efforts. More details can be found at Expedia.com/texas.
Expedia Group has priced its private offerings of $1 billion 2.950% Senior Notes due 2031 and $900 million Convertible Notes due 2026. The Senior Notes will be issued at 99.081% of principal, while the Convertible Notes will be issued at par. Net proceeds from both offerings are estimated at $1.868 billion, intended for potential redemption of existing senior notes and debt repayment. The Convertible Notes will be convertible under specific conditions, with an initial conversion price reflecting a 72.5% premium over a recent stock close. Closures are expected in February and March 2021.
Expedia Group released its 2021 Travel Trends Report, revealing insights from a survey of 2,200 Americans. Key findings suggest a strong desire to travel, with nearly half of respondents more inclined to do so once a COVID-19 vaccine is widely available. 44% plan to take more trips in 2021 compared to 2020, while consumers are saving an average of $3,444 for their next vacation. The report indicates a notable recovery for the travel industry, as cities like New York and Los Angeles are expected to see increased flight demand.
Expedia Group announced a private offering of $825 million in convertible unsecured senior notes and other senior unsecured notes, subject to market conditions. The proceeds will primarily refinance existing debt, including a tender offer for its 6.250% Senior Notes due 2025, and cover associated costs. The notes will be guaranteed by certain subsidiaries. Holders of the convertible notes may convert them into cash or stock. The offering is limited to qualified institutional buyers and not registered under the Securities Act.
Expedia Group has initiated a cash tender offer for up to $950 million of its 6.250% Senior Notes due 2025. Holders whose notes are acquired will receive accrued interest from the last payment date to the settlement date. The offer is set to expire on March 15, 2021, with early participation incentives for those who tender by March 1, 2021. The company is also redeeming its 7.000% Senior Notes due 2025, conditioned on the proceeds from a concurrent financing transaction. The company aims to retire its notes before maturity, enhancing its financial flexibility.
Expedia Group, Inc. (NASDAQ: EXPE) announced its fourth quarter 2020 earnings results on its Investor Relations website. The company will hold a conference call today at 1:30 PM PT to discuss these financial results. The call will be accessible via live webcast and a replay will be available for three months. Expedia Group continues to focus on making travel easier for customers globally through its various brands including Expedia, Hotels.com, and Vrbo, among others.
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