BUSINESS
May 1, 2012
Expedia Inc. gained 5.8 percent to reach its highest stock price since at least 2005. The online travel company rallied for a second day after saying on April 26 that first-quarter profit and revenue topped analysts' estimates, driven by growth in the Hotels.com unit, which has websites in more than 60 countries. The Bellevue, Wash., company's operating income was up 38 percent from a year earlier.
BUSINESS
January 22, 2011 | Associated Press
NEW YORK — US Airways said yesterday it has signed a deal with Expedia that will keep its flights and fares on the online booking site for at least the next several years, less than a month after Expedia pulled American Airlines fares. The Tempe, Ariz., airline will offer all of its content to Expedia, Hotwire, and Egencia sites through a global distribution system model, a central reservation system which is used by travel agencies to search and book travel. Airlines pay a commission every time people search for a flight, look up a fare, or book a trip on a site like Expedia.
TRAVEL
October 3, 2004 | The Sensible Traveler, Bruce Mohl, Globe Staff
The president of Expedia.com, the online travel agency, says consumers don't need a one-stop shop for travel. What consumers want in a travel website, said Steven McArthur, is a large selection of air and hotel offerings at competitive prices. "No retailer is a one-stop shop," he said. "It isn't necessary for us to have 100 percent of the brands available in a given market. " He is right about retailers, but most consumers don't view travel agents as retailers. Consumers hire travel agents as their representatives to search the best deals from all the options out there.
BUSINESS
December 21, 2011
Expedia's spin-off of TripAdvisor as a separately traded, independent company was complete Wednesday, with TripAdvisor shares sinking about 5 percent. Expedia shareholders received one share of TripAdvisor and one share of Expedia for every two shares of Expedia they held at the close of trading Tuesday. Expedia lost about half their value and were trading at $28.02, which was more of a technicality after splitting the company. TripAdvisor shares cost $28.73 each. Expedia Inc. first said in April it planned to spin off TripAdvisor, which...
BUSINESS
December 20, 2011 | By D.C. Denison
TripAdvisor Inc. will become an independent company this week when its parent, Expedia Inc., spins off the Newton-based travel service. Expedia will cease to have any ownership interest in TripAdvisor. For the past two weeks, TripAdvisor has been trading under the symbol TRIPV on the Nasdaq stock market. Starting this week, the new company will trade as TRIP. TripAdvisor will remain in Newton. Expedia Inc. is headquartered in Bellevue, Wash. Founded in 2000, TripAdvisor offers travel information, airline ticketing, and hotel and rental car reservations.
BUSINESS
July 30, 2011
Online travel website Expedia Inc. raised its forecast after second-quarter earnings of 55 cents a share beat average estimates by 12 percent, according to Bloomberg. Expedia said net income in the period came to $140.4 million. That beat the 49 cents that analysts polled by FactSet expected, on average. Revenue grew 23 percent to $1.02 billion, besting forecasts of $965 million. Executives said they expect operating earnings to rise by a "mid-to-high single digit" percentage from last year, slightly more optimistic.