Gross sales decrease in 2020:
66% to 70%Employees:
1111 Expedia Group Way
Seattle, WA 98116
Phone: (425) 679-7200
CHAIRMAN/SR. EXECUTIVE: Barry Diller
VICE CHAIRMAN/CEO: Peter M. Kern
CFO: Eric Hart
CHIEF LEGAL OFFICER/SECRETARY: Robert Dzielak
Publicly traded OTA. Brands include Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Trivago, Orbitz, Travelocity, Hotwire, Wotif, eBookers, CheapTickets, Expedia Group Media Solutions, Expedia Local Expert, CarRentals.com, Expedia Cruises.
Retired the HomeAway vacation rental brand in 2020.
In May 2021, agreed to sell Egencia corporate travel division to American Express Global Business Travel (No. 3 on the 2020 Power List) while remaining a shareholder in the business.
Made $275 million commitment to aid hotel and destination marketing partners. The program included $250 million in marketing credits and financial relief for participating hotels and a $25 million fund for destination partners.
Strengthened liquidity by raising approximately $3.2 billion in new capital, consisting of a $1.2 billion private placement of perpetual preferred stock and about $2 billion in new debt financing. Also raised $500 million in three-year, unsecured senior notes and $750 million in seven-year unsecured senior notes.
CEO Peter Kern said in Q4 there were some signs of modest improvement around the holidays that carried into the early part of 2021. "While the environment continues to be unpredictable, we remain keenly focused on reshaping and simplifying our business," he said.