In the fiercely competitive realm of travel, who owns Expedia stands out as a premier provider of distinctive online travel services catering to both leisure and small business clientele. Through its user-friendly website, the company facilitates travel and reservation services, offering real-time access to schedules, pricing, and availability details for an extensive network encompassing over 450 airlines, 65,000 lodging properties, and major car rental firms.
By the year 1999, Expedia had successfully served over 1.2 million customers, facilitating bookings approaching $1 billion for airline tickets, hotels, and car reservations. At that time, the company held the distinguished title of the most visited travel site, boasting an impressive 3.3 million unique visitors each month, according to Jupiter Media Metrix. Fast forward to 2001, and Expedia reported substantial gross bookings amounting to $2.9 billion.
Expedia adopts a dual role, functioning as both an agent and a merchant within the travel industry. In its capacity as an agent, the company transmits customers’ reservations to travel suppliers, who reciprocate by paying a commission to Expedia. The retail price, as paid by the consumer, is determined by the supplier. Meanwhile, in its role as a merchant, Expedia acquires inventories of hotel rooms, airline seats, car rentals, and destination services at negotiated rates from various suppliers. Subsequently, Expedia sells this inventory to customers at its own pricing, effectively acting as a direct provider in these transactions.
Does Microsoft still own Expedia?
This press release is not intended as an offer to sell or a solicitation of an offer to buy, and the sale of these securities is prohibited in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
For those interested, copies of the preliminary prospectus related to this offering can be obtained from Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004, contactable at 212-902-1000, and Morgan Stanley & Co. Incorporated at 1585 Broadway, New York, NY 10036, reachable at 212-761-4000.
Established in 1975, Microsoft (Nasdaq: MSFT) stands as the global leader in software for personal computers. The company provides an extensive array of products and services for both business and personal use, each meticulously crafted with the mission of simplifying and enhancing the daily utilization of the full capabilities of personal computing.
Who is behind Expedia?
Expedia swiftly ascended to prominence, establishing itself as a leading online travel destination. In the year 2000, the company underwent significant growth through strategic acquisitions, including Travelscape.com Inc. and VacationSpot.com Inc. These acquisitions not only bolstered the company’s prowess in travel planning services but also enriched its array of lodging options. Consequently, the company’s revenues soared to an impressive $134.9 million that year.
By 2001, Expedia had extended its reach, operating consumer-centric travel websites in Canada, Germany, and the United Kingdom. Additionally, it ventured into operating a private-label travel website under the banner of Worldwide Technology Enterprises (WWTE). In collaboration with SNCF, a state-owned railway group in France, Expedia embarked on providing travel planning services on the Voyages-scnf.com website, further expanding its international footprint. The evolution of Expedia mirrored not only its rapid rise to popularity but also its commitment to enhancing the global travel experience for users worldwide.
Who are the shareholders of Expedia?
Expedia Group, Inc. (US:EXPE) boasts a robust institutional ownership profile, with 1,449 institutional owners and shareholders who have submitted 13D/G or 13F forms to the Securities Exchange Commission (SEC). In aggregate, these institutions hold an impressive 150,429,068 shares. The notable contributors to this ownership structure include Vanguard Group Inc, BlackRock Inc., Morgan Stanley, State Street Corp, Amundi, Artisan Partners Limited Partnership, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, Jpmorgan Chase & Co, Par Capital Management Inc, and VFINX – Vanguard 500 Index Fund Investor Shares.
Examining the institutional ownership structure of Expedia Group, Inc. (NasdaqGS:EXPE) sheds light on the current positions held by various institutions and funds, along with the most recent changes in position size. Major stakeholders encompass a diverse range, including individual investors, mutual funds, hedge funds, and institutional investors. The disclosure through Schedule 13D indicates an ownership stake exceeding 5%, signifying an active pursuit of a change in the company’s business strategy. On the other hand, Schedule 13G signals a passive investment exceeding 5%.
As of December 27, 2023, the share price stands at $153.25 per share, marking a notable surge from the December 28, 2022, figure of $83.69 per share. This represents a substantial increase of 83.12% over this period, underlining the positive trajectory in Expedia’s market valuation.
Are Expedia and booking com the same company?
The major players in the online travel agency (OTA) realm, overseeing platforms such as Expedia, Hotels.com, Hotwire, trivago, and more, constitute the largest OTAs globally. Operating through a diverse portfolio of brands spanning various regions, these entities share a remarkably similar operational business model, despite variations in their product offerings and services.
This dashboard serves as a comparative analysis between the two companies, delving into their business model intricacies and key operational parameters. Both firms derive revenues from three primary sources, as outlined below:
- Agency Revenues:
- Commissions are earned for facilitating travel-related transactions where the customer is redirected to the website of the airline, hotel, or another service provider to complete the reservation. In such instances, the company doesn’t directly receive booking payments from the customer; instead, the destination website compensates them through a commission.
- Merchant Revenues:
- Commissions are garnered for travel-related transactions where the company directly receives booking payments from the customer.
- Advertising Revenues:
- This category encompasses earnings from referrals, advertising placements, and subscription fees.
This comprehensive overview highlights the shared operational framework of these leading OTAs, providing insights into their revenue streams and the nuances of their interactions with customers and service providers.
Who is Expedia’s biggest competitor?
Expedia provides a diverse range of platforms to assist travelers in orchestrating their journeys, enabling them to plan and book flights, accommodations, rental cars, tour packages, and cruises. However, like any other entity, Expedia is not immune to market dynamics. In 2019, the company underwent a workforce reduction of 12%, simultaneously generating $12.2 billion in revenue. The ensuing year, marked by the global health crisis, saw Expedia lose a staggering 95% of its business, resulting in the erosion of over 50% of its revenue.
In response to these challenges, Expedia underwent a strategic restructuring initiative. Notable divestitures included the sale of Classic Vacations to Najafi Co. and the offloading of Egencia to American Express GBT in November 2021. In May 2022, Expedia unveiled a cutting-edge technology platform named Open World, designed to empower entrepreneurs in establishing their own travel ventures.
However, the competitive landscape remains intense, with formidable rivals such as CWT, American Express GBT, Booking Holdings, Airbnb, and TripAdvisor vying for market share. Expedia’s resilience in the face of these challenges underscores its commitment to innovation and adaptation.
For an in-depth exploration of Expedia’s competitive standing, the following analysis meticulously dissects its top 15 competitors and alternative entities in the industry.
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