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.