Thai Liang Lim In the past decade, the OTA (Online Travel Agency) industry has become more concentrated, with two players emerging on top: Booking Holdings Inc. (BKNG) and Expedia Group, Inc. (NASDAQ:EXPE). These OTAs represent a significant portion of the market-some 92% of the US OTA market-and command considerable pricing power with both consumers and service providers. Additionally, their combined brand portfolios hold significant brand recognition among consumers of all income levels and travel service ...

SolStock Expedia Group (NASDAQ:EXPE) has had an interesting journey over the past decade. Starting out with impressive growth, it soon found itself in crisis when the COVID pandemic hit. Peter Kern took the helm as CEO in 2020 and worked to keep the company alive and reshape it for a brighter future. As Kern's contract is complete, Q4 earnings served as a passing of the torch, while he summarized his accomplishments. With Expedia entering this new phase of its life, the market was not optimistic, and sh ...

The latest trading session saw Expedia (EXPE) ending at $135.74, denoting a +0.31% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.The online travel company's stock has climbed by 0.37% in the past month, falling short of the Retail-Wholesale sector's gain of 5.15% and the S&P 500's gain of 4.42%.Investors will be eagerly watching for the performance of Expedia in its upcoming earni ...

The travel industry has been in a post-pandemic boom, but the wind may be going out of its sails. Online travel agent (OTA) Expedia (NASDAQ:EXPE) surprised the market by announcing it was firing 1,500 employees, or 9% of its workforce, because of sagging demand. The cuts will hit its bottom line by $80 million to $100 million.It’s not alone. Booking Holdings (NASDAQ:BKNG) also said to expect a slower first-quarter result as well as weaker full-year financials. Sabre (NASDAQ:SABR) pretty much said the same t ...

Expedia Group (EXPE) is gaining from strong customer momentum across the globe on the back of expanding partnerships and robust solutions, which remain the key growth catalysts for the company. Its shares have gained 47.5% in the past year compared with the Retail-Wholesale sector’s 35.6% growth.In this regard, the company announced several partnerships to expand its global footprint across the Asia-Pacific, North America, Europe and the Middle East regions on the back of its robust solutions.The Asia Pacif ...

Expedia (EXPE) ended the recent trading session at $135.78, demonstrating a +1.76% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.65%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq depreciated by 1.16%.Prior to today's trading, shares of the online travel company had lost 16.33% over the past month. This has lagged the Retail-Wholesale sector's gain of 3.99% and the S&P 500's gain of 3.4% in that time.The investment com ...

Expedia (NASDAQ:EXPE) layoffs are a hot topic on Tuesday after the online travel company announced plans to cut 8% of its workforce.These Expedia layoffs will result in 1,5000 of the company’s employees losing their jobs. The company says it expects to suffer between $80 million and $100 million in restructuring charges as a result of these job cuts.These job cuts will affect employees around the world. Expedia also mentions in an internal memo that its Product & Technology division will suffer the majority ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Expedia Group on Monday said that it will cut about 1,500 jobs, or roughly 8% of its workforce, as part of its latest restructuring effort. The travel technology company, which aggregates travel fares and allows users to book flights and lodging from its platforms, had about 17,100 employees in over 50 countries at the end of last year. Expedia Group operates Expedia.com and also serves as the parent company of brands including Vrbo, Hotels.com, Orbitz, Hotwire and Travelocity, among others.Expedia Group sa ...

Online travel platform Expedia said Monday it was cutting about 1,500 jobs globally, or about 9% of its total workforce, as part of its “organizational and technological transformation.”The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down.“The business continues to evaluate the appropriate allocation of resources to ensure the most important work continues to be prioritized,” an Expedia Group s ...