Online travel giant Expedia is at the center of business and leisure travel activities, providing efficient distribution of travel inventory to vendors as well as one-stop shopping convenience to travelers. Gross travel bookings of $34 billion in 2012 Read more
With a well-established supplier network spanning hotels, air travel, tour packages, car rental, and other services, Expedia will continue to benefit from the shift to online travel bookings.
Expedia is aggressively targeting to expand travel inventory in Europe and Asia Pacific markets where online travel is gaining popularity, but adoption rates are lower than in the U.S.
The Trivago acquisition in Europe should help Expedia gain better access to travel-related traffic on the Continent and participate more in the travel media advertising market. Read more
The U.S. online travel market, which accounts for 60% of Expedia's gross bookings, looks saturated, and we expect growth in the near future to be modest due to economic uncertainties.
Expedia has been outpaced by Priceline in the international markets. International bookings at Expedia have grown 30% annually since 2007, compared with 53% at Priceline.
Competition in online travel is intense because of low entry barriers and the lack of switching costs for travelers. Search engines, metasearch, social media, and daily deals sites all pose threats to Expedia's competitive position. Read more
We think Expedia's stewardship of shareholder capital is standard. CEO and board director Dara Khosrowshahi has been at the helm since Expedia was spun off from InterActiveCorp IACI in 2005 and has been instrumental in executing the platform upgrade Read more
As the world's largest online travel agent, Expedia provides booking services for hotel rooms, airline tickets, rental cars, cruises, package tours, and other travel products. Read more