Expedia B2B Is Mostly Hotels, But It Wants a One-Stop Shop
3 Articles
3 Articles
Expedia B2B Is Mostly Hotels, But It Wants a One-Stop Shop
Skift Take: Expedia Group's B2B offering has been predominantly hotels. The online travel agency, which was founded more than 25 years ago, only recently began offering flights to B2B partners. Its strategy is to expand B2B into many more verticals. Read the Complete Story On Skift
Expedia Sees B2B Revenue Jump 23% as B2C Lags
Expedia Group’s business‑to‑business arm once again outpaced the rest of the company in Q2, with revenue jumping 23% year‑over‑year to $1.49 billion. The division, which powers hotel distribution for a wide variety of channels including airlines, banks, retailers and corporate travel programs, continues to be one of Expedia’s most reliable growth engines. The company reported its fifth straight quarter beating the high end of its own guidance, c…
Expedia has exceeded its forecasts with an annual growth of 12% in gross reserves and 14% in revenues, during the second quarter of the year. The B2B business has become the driving force behind this growth with revenues of 23%, so the group has focused its expansion in this segment. This has been highlighted by Ariane Gorin, CEO of Expedia Group, after the presentation of the results of the company. "We exceeded our forecasts in this quarter, d…
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