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Expedia Group

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finance1 year ago

"Expedia Stock Plunges on CEO Resignation and Weak Air Travel Bookings"

Expedia Group's stock dropped 19% after reporting strong financial results for the fourth quarter of 2023 due to a surprise change in CEO. The company achieved record revenue of $12.8 billion in 2023, with a 145% jump in diluted earnings per share compared to 2022. Despite the CEO change introducing uncertainty, the appointment of Ariane Gorin, an internal candidate, may provide some comfort to shareholders. Expedia expects revenue to grow by around 10% in 2024, but the stock's drop reflects investor concerns over the leadership transition.

via Yahoo Finance|
#ceo-change#expedia-group#finance
business2 years ago

Stock Market Surges as Paramount Benefits from NFL and Streaming, Marking Best Week in a Year

The S&P 500 rose 0.9% as fewer jobs were created in October than expected, raising optimism that the Fed might not raise interest rates further. Paramount Global saw a boost in earnings and revenue due to increased NFL viewership and subscribers to its streaming service. Expedia Group reported record revenue on the back of booming travel demand. Insulet exceeded profit forecasts and raised its outlook as U.S. demand for its insulin pumps surged. Gartner beat profit and sales estimates, attributing its success to businesses seeking guidance in the uncertain macroeconomic environment. Fortinet's shares plunged as its profit, sales, and outlook fell short of estimates, while Church & Dwight faced higher costs and gave guidance below expectations.

via Investopedia|
#business#expedia-group#gartner
travel2 years ago

"Demystifying Expedia's Loyalty Program and its Impact on Travelers and Hotels"

Expedia Group has launched its new loyalty program called One Key, which brings together its flagship brands Expedia, Hotels.com, and Vrbo. Members can earn various tiers by accumulating trip elements such as flights, hotel stays, car rentals, and more. They can earn OneKeyCash, which can be applied to future bookings, and enjoy perks like member prices, priority travel support, and discounts on hotels. Existing Expedia Rewards and Hotels.com Rewards points will be automatically transferred to One Key. The program aims to simplify the travel rewards process and make it easy to earn and use rewards.

via USA TODAY|
#expedia-group#loyalty-program#one-key
business2 years ago

Navigating the Costly Summer Travel Season: Tips and Top Destinations.

International travel demand is booming, but airfares and hotel room rates are also increasing, making it an expensive summer for travelers. However, this should bolster several stocks in the months ahead, particularly those with exposure to international travel such as United Airlines and hotel operators like Whitbread and Marriott International. Travel websites like Booking Holdings and Expedia Group also reported record-breaking quarters due to soaring summer demand, but growth in the coming quarters is unlikely to be as high given tougher comparable periods.

via Barron's|
#airlines#booking-holdings#business