Shares of Expedia and TripAdvisor plummeted Thursday after the travel booking sites disappointed Wall Street with weak third-quarter results, with both citing Google’s search algorithms for their earnings misses. Expedia’s chief financial officer Alan Pickerill said in the company’s earnings call that changes in Google’s search algorithm have lessened the company’s visibility in search results, […]
Online travel agency stocks plunged Thursday after Expedia’ latest earnings report revealed a struggle to contend with changing search-engine dynamics as well as trouble with some of its brands. See more: Expedia stock drops after disappointing earnings The results came alongside disappointing numbers from fellow online-travel player TripAdvisor Inc.
Expedia CEO Is Unfazed by Airbnb’s Growing Vacation Rental Lead Expedia Group is hoping that this year’s rebranding of its home rental business Vrbo will accelerate the unit’s growth. The marketing push is coming as the rivalry heats up among it and other booking services for apartments, homes, and hotel rooms. Mark Okerstrom, president and
Expedia CEO Is Unfazed by Airbnb’s Growing Vacation Rental Lead Read More »
In some ways, the Expedia Group narrative about its struggling alternative accommodations unit, Vrbo, in the second quarter was fairly similar to the messaging three months ago: We’re working hard, and it won’t be until 2020 until our labors bear fruit. Expedia Group Mark Okerstrom said Thursday, during the company’s second quarter earnings call, that
Expedia Still Has High Hopes for a Vrbo Bounce — Next Year Read More »
“We sit on reams of data with 750 million visits to Expedia Group properties every single month,” says Expedia CEO Mark Okerstrom. “That just gives us an incredible amount of understanding around what travelers are looking for, how we can tailor our search results, how we can tailor the recommendations we give, the advertising that
Expedia Pricing Tactics Powered By AI and Reams of Data, Says CEO Read More »
Expedia Is Expensive For Its Growth Potential Seeking Alpha Expedia has a solid history of revenue growth, but its earnings have been volatile in the past. Management is expecting Expedia’s Vrbo brand to drive growth … Source link
Expedia Is Expensive For Its Growth Potential – Seeking Alpha Read More »
Shares of Expedia Group Inc. EXPE, -1.80% are down 2.6% in Friday morning trading after the company posted a narrower loss than analysts were expecting but disappointed some analysts with its room-night
Expedia stock falls after home-rental growth underwhelms Read More »
Photograph by Vanveenjf Text size Expedia Group stock was down 2% at $125.39 in early morning trading on Friday after the travel site reported disappointing fiscal first-quarter revenue on Thursday. The back story. Expedia stock (ticker: EXPE) is up 11% in 2019, but some analysts are uneasy because its short-term rental business, rebranded from HomeAway
All acknowledge that alternative accommodations is a hot category, but Expedia Group’s short-term rental business, rebranded from HomeAway to Vrbo, is cooling Expedia’s financial performance. In an earnings call about its first-quarter results Thursday, Expedia Group CEO Mark Okerstrom said its short-term rental business of vacation homes and apartments is facing search engine optimization headwinds
Expedia Faces Stiff Headwinds in Rebranded Short-Term Rental Business – Skift Read More »
Online travel giant Expedia managed to beat analysts’ expectations in 2018, selling more hotel rooms and airline tickets even as the company navigates shifts in the sharing economy and continued efforts from hotel companies to drive direct bookings. In an earnings call on Feb. 7, Expedia president and CEO Mark Okerstrom said the company is executing
Expedia earnings beat estimates in rush to add rooms Read More »
