Marriott International and Expedia Group have finalized a new multi-year
contract, following the expiration of a previous agreement between the pair in
November.
In a joint statement, Expedia and Marriott said, "The agreement continues Marriott's long-standing
distribution arrangement with Expedia Group for transient bookings, expands
Expedia Group's role related to the Vacations by Marriott leisure
packaging platform, and leverages Expedia Group's technology capabilities for
an innovative distribution arrangement beyond transient retail bookings
expected to launch in the fourth quarter."
The companies said they "have
reached mutually beneficial economic terms that advance each company's
strategic objectives."
The companies did not provide details on the new contract's commission rate. Analysts had predicted that Marriott -- which is widely believed to have been
paying Expedia a 12% commission -- would aim to reduce fees to 10%.
The deal between Marriott and Expedia is the first since
Marriott acquired Starwood in 2016.