Expedia, Inc. (EXPE), is known as a company that offers online travel products and services. The products and services for which Expedia Inc is known for cuts across lodging, air travel, car rentals, cruises, destination services and several other travel products and services. Expedia Inc’s products and services can be purchased as either stand-alone or packaged deals. Expedia works as a partner with various companies that operate in the sectors mentioned above to deliver its mandate to consumers.
Expedia Inc maintains its corporate headquarters in Bellevue, Washington. Plans are underway to move the headquarters of this company to Seattle, by the end of 2018.
Products and Services:
Expedia is involved heavily in the travel, holiday and hospitality industries and all services associated with these industries. Expedia works with several partner companies and subsidiaries. Expedia has been able to extend its reach into various aspects of the travel and hospitality industry through several structured acquisitions, thus creating subsidiaries and partner companies through which it offers its products and services.
The partner companies which work with Expedia Inc include:
- Classic Vacations
- Egencia – Previously known as Expedia Corporate Travel
- Expedia Affiliate Network
- Expedia Local Expert
- Hotwire Group
Expedia can provide various advertising and travel-related services to clients all over the world through core online travel agencies.
Trivago is an Expedia service which is involved in referral of clients to online travel service companies and providers. These referrals are usually captured from hotel metasearch Websites, and Egencia. Trivago operates in about 49 countries.
Travelocity is an online travel agency that serves the US and Canadian markets. Travelocity was acquired By Expedia from Sabre Corporation in January 2015, in a $280 million deal.
Orbitz Worldwide offers Expedia with an opportunity to make advertising revenue by giving companies in the travel and non-travel industry access to traffic and transactions using its transaction-based websites.
Expedia.com operates as an online travel agency. Flights and hotel deals can be secured by booking on Expedia.com. This service is found in 31 countries.
Hotels.com is a service which markets and distributes hotel rooms to intending travelers and holiday makers. Hotels.com operates more than 85 localized sites around the world and also features a mobile app.
Hotwire.com is a discount travel site found in 12 countries across Asia, Europe and North America. CarRentals.com, a car rental service is also operated from Hotwire.
Egencia operates as a travel management company for corporate clients. Egencia operates in more than 60 countries across North America, Europe and Asia. Online and mobile booking and telephone consultancy services with local travel agencies on behalf of corporate clients are the main services offered by Egencia.
Venere.com serves the European market, providing online hotel reservation services.
Wotif Group is a travel operator for the Asia-Pacific region. This service is delivered through Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au and Arnold Travel Technology. Expedia purchased Wotif Group in October 2014, for $610 million.
Classic Vacations is a travel specialist. Classic Vacations delivers a line of vacation packages, such as air, hotels, car rentals, activities, cruises and private transportation to create vacations in Hawaii, the Caribbean, Mexico, Costa Rica, Europe, Australia, New Zealand, Fiji, Maldives, Dubai, Seychelles and Tahiti.
The Expedia Affiliate Network (EAN) is a private label, business-to-business hotel service provider which works with third-party company-branded online travel companies and airline suppliers.
Interesting Facts About Expedia Inc:
Expedia Inc has seen a steady rise in revenues over the last few years as its acquisitions have given it reach into expanded markets and increases in bookings for its services have also surged.
Expedia Inc. Has been named by Forbes as one of “America’s Best Managed Companies”. This list is made up of 400 of the best managed, publicly listed American companies which have amassed revenues of more than $1 billion dollars.
What next for Expedia Inc’s investors?
USA Networks has acquired a 65% majority stake in Expedia Inc. Furthermore, Expedia has made a number of strategic acquisitions in 2016. 2017 therefore looks promising for the company and investors can expect to reap good returns from their investments.