share_log

Expedia | 8-K: Current report

SEC ·  Aug 30, 2024 04:07

Summary by Futu AI

Expedia Group announced CEO Ariane Gorin will participate in a fireside chat at Deutsche Bank's 2024 Technology Conference on August 29, 2024, at 5:45pm ET. A live webcast and investor presentation will be available on the company's IR website.The investor presentation highlights Expedia's robust B2B business performance, which generated $25 billion in gross bookings and 106 million room nights in 2023. The B2B segment demonstrated impressive growth with a 16% CAGR from 2018-2023, now contributing 30% of Expedia's total adjusted EBITDA at $798 million.The presentation reveals that over 60% of B2B bookings come from partner loyalty programs, with more than 30% originating outside the US. The company serves 60,000+ partners through various distribution products, including API technology, white-label solutions, and travel agent tools, positioning itself as a leader in the B2B travel space with significant growth potential in the $3 trillion global travel market.
Expedia Group announced CEO Ariane Gorin will participate in a fireside chat at Deutsche Bank's 2024 Technology Conference on August 29, 2024, at 5:45pm ET. A live webcast and investor presentation will be available on the company's IR website.The investor presentation highlights Expedia's robust B2B business performance, which generated $25 billion in gross bookings and 106 million room nights in 2023. The B2B segment demonstrated impressive growth with a 16% CAGR from 2018-2023, now contributing 30% of Expedia's total adjusted EBITDA at $798 million.The presentation reveals that over 60% of B2B bookings come from partner loyalty programs, with more than 30% originating outside the US. The company serves 60,000+ partners through various distribution products, including API technology, white-label solutions, and travel agent tools, positioning itself as a leader in the B2B travel space with significant growth potential in the $3 trillion global travel market.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.