Expedia Group, Inc. (EXPE) is one of the world's leading full-service online travel companies. Founded as a small division within Microsoft in 1996, Expedia has since grown into a multi-billion dollar corporation that operates over 200 travel booking websites in more than 75 countries. Headquartered in Seattle, Washington, Expedia Group employs more than 25,000 people globally.
Expedia's primary business is facilitating the sale of travel services from its providers to its customers. Its portfolio of brands includes: Expedia, Hotels.com, Orbitz, Travelocity, Trivago, HomeAway, Egencia, Hotwire.com, CheapTickets, and numerous other entities. These sites offer a variety of travel-related services, including the booking of airline tickets, hotel rooms, cruises, car rentals, and destination services. In addition to these services, Expedia provides customers with extensive information about their travel destinations, such as travel guides, maps, and weather forecasts.
The company's extensive portfolio enables it to serve a range of consumers from budget-conscious travelers to luxury seekers. By pairing global technology platform with its localized approach, it ensures its customers have access to a large selection of high-quality travel services and accommodation options. Expedia Group tailors its travel products and services to meet the specific needs of various travel segments, including leisure travelers, business travelers, travel agencies, and corporate travel departments.
Over the years, Expedia Group has established itself as an innovator in the online travel industry, constantly pushing the boundaries with new technologies and services. It was one of the first major companies to introduce a loyalty rewards program for its customers, and it has continually updated its platforms to offer mobile bookings and personalized travel recommendations.
Financially, Expedia Group operates on a commission-based business model and has shown impressive growth since its inception. In 2020, despite the global pandemic, the company reported over $5.2 billion in revenues, signaling its resilience amidst industry challenges. The group's unique positioning in the market, combined with its diverse array of services and its focus on innovation, prepares it well for future growth.
In conclusion, Expedia Group, Inc. is a multinational travel technology company with a strong standing in the online travel industry. It provides a broad spectrum of travel products and services which cater to consumers' diverse needs, making it an indispensable part of the global travel landscape.