Expedia Q3 profit falls 18%

By Danny King
Expedia's third-quarter profit fell 18% from a year earlier as higher administrative costs more than offset the effect of more hotel bookings.

Room-night bookings revenue rose 20% from a year earlier as a 27% increase in room nights booked more than offset a 6% decline in revenue per night. Revenue rose 17%, to $1.2 billion.

Still, selling and marketing costs jumped 24% from a year earlier, while technology and content expenses rose 31%.

Overall, Expedia's net income declined to $171.5 million from $209.5 million a year earlier.

Expedia accounts for about 40% of online travel agency bookings in the U.S., giving it about twice the market share of runner-up Orbitz, according to PhoCusWright.

Follow Danny King on Twitter @dktravelweekly.
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