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Egencia Reveals 2020 Top 100 Preferred Corporate Hotels

Egencia®, business travel management from Expedia Group™, announces the winners of the Top 100 Preferred Corporate Hotels awards. This year's hoteliers collectively provided nearly 133,000 room nights that scored a perfect 100 percent stay satisfaction from Egencia business travelers around the world.
Tags: Travel, Egencia, Expedia Group

Expedia Group Seems Unable To Reach The Promised Land

Expedia EXPE has missed analysts' expectations both when it comes to revenue and earnings per share. But Diller and Kern who are running the boat now vowed to execute $300 million to $500 million cost cuts during 2020 along with pledging double-digit adjusted EBITDA growth. And Wall Street and investors loved it as its share price rose 10 percent in after-hours trading on Thursday.
Tags: Travel, EBITDA, Diller, Expedia Group, Expedia EXPE

Silicon Valley and Wall Street are betting you'll want to travel now, pay later. Here are 10 ways startups, banks, and airlines are tapping in to millennial wanderlust.

Many people value experiences over things. Instagram-able vacations are one such experience, but not everyone can afford it, especially not cash-strapped millennials. With student debt, high living costs, and record levels of credit-card debt, many Americans are looking for ways to pay for their travel splurges. Uplift is a startup that partners with travel websites like Kayak and airlines like Southwest and Spirit to offer monthly payment plans for travel loans. Affirm, founded by PayPal cofo...
Tags: Japan, Instagram, US, Trends, Paypal, Earnest, Delta, Silicon Valley, WeWork, Andreessen Horowitz, Iceland, Amex, Max Levchin, Goldman, US Airways, Warby Parker

Fintechs and lenders are tapping into your vacation FOMO with these 10 ways to travel now, pay later

Many people value experiences over things. Instagram-able vacations are one such experience, but not everyone can afford it, especially not cash-strapped millennials. With student debt, high living costs, and record levels of credit-card debt, many Americans are looking for ways to pay for their travel splurges. Uplift is a startup that partners with travel websites like Kayak and airlines like Southwest and Spirit to offer monthly payment plans for travel loans. Affirm, founded by PayPal cofo...
Tags: Japan, Instagram, US, Trends, Paypal, Earnest, Delta, WeWork, Andreessen Horowitz, Iceland, Amex, Max Levchin, Goldman, US Airways, Warby Parker, Expedia

Expedia Chairman Barry Diller Rips His ‘Bloated’ Company as ‘All Life, No Work’

When a CEO and chief financial officer get pushed out a couple of months earlier, yes, the next earnings call with financial analysts might be unusual. But the Expedia Group fourth quarter earnings discussion on Thursday was one for the record books.
Tags: Travel, Expedia, Barry Diller, Expedia Group

Impala raises $20 million to build the API of the hotel industry

Impala has raised another round of funding just a few months after raising an $11 million Series A round. This time, the startup is raising a $20 million Series B round led by Lakestar. Latitude Ventures is also participating in the round. The company is building a service that works pretty much like Plaid, but for hotel rooms. The hotel industry relies on old-school “property management systems” to manage rooms, room types, pricing, extras, taxes, etc. Instead of asking hotels to switch to an e...
Tags: Fundings & Exits, Startups, Europe, Tech, Accor, Lonely Planet, Lakestar, Hyatt, Impala, JSON, Expedia Group, Recent Funding, Lakestar Latitude Ventures, API Impala, Expedia Hotels

What’s Behind Barry Diller’s Patient Approach to Expedia?

It increasingly looks like what we expected will happen will come true: Chairman Barry Diller is likely to make Expedia Group's acting boss Peter Kern the permanent CEO. It's very probable, too, that Diller is shopping the online agency giant to potential buyers. But who would buy?
Tags: Travel, Expedia, Diller, Barry Diller, Peter Kern, Expedia Group

Like Teen Sex; 4 Biggest CEO Threats; Bezos Hacked; Prime Data Win – and Lessons!

Dear ScaleUps,  Hope it’s been a productive and purposeful week. Here are some insights/opportunities to help you outlearn/outthink the competition. A.I. is like teenage sex. Everyone says they’re doing it, and nobody really knows what it is.”   Frida Polli, CEO Pymetrics, as quoted in Fortune Latest ScaleUp News -- Plant Based Player Califia Raises $222 Million; Fortnite Becomes Official High School and College Sport; US Funds Going to Europe – t...
Tags: Amazon, Europe, Leadership, US, Unilever, Hilton, Jeff Bezos, Usa Today, Pepsico, Steve, Textio, Robert, Jeff, Wayfair, Bezos, Kraft Heinz

What Barry Diller Told Anxious Expedia Workers About the Future

Expedia Group Chairman Barry Diller flew to Seattle to rally the troops. His message to all the employees around the world was, in essence, the sun will rise tomorrow at the travel giant. Impatient investors aren’t quite as sure.
Tags: Travel, Seattle, Barry Diller, Expedia Group

The Biggest Risk to Your Business? Becoming a "Hidden Intermediary" (Thinks Out Loud 267)

Looking to drive results for your business? Click here to learn more. The Biggest Risk to Your Business? Becoming a “Hidden Intermediary” (Thinks Out Loud Episode 267) — Headlines and Show Notes In business, there are suppliers and intermediaries. And both face serious competition over the next few years. Google, Facebook, Amazon and others continue to create competitive pressures even in industries where they're not a primary player. But the biggest risk your company faces is if these po...
Tags: Google, Amazon, Facebook, Ecommerce, Podcast, Etsy, Ebay, Strategy, Seo, Customer Experience, Business Risk, E-commerce, Alibaba, Marriott, Tripadvisor, Zillow

Expedia Tells Hotels Adding Resort Fees Will Lower Your Listings on Its Pages

Expedia Group's stance on resort fees could have been drafted by a United Nations diplomat. Expedia doesn't want to alienate hotels and seeks to pick up market share based on Booking Holdings' more forceful position. But it's hitting resort-fee-charging hotels right where it hurts — in the prominence of their listings.
Tags: Travel, United Nations, Expedia, Expedia Group, Booking Holdings

Search Rankings Lowered For Hotels Which Charge Resort Fees: Expedia Group

Hotel and resort properties which add mandatory resort fees per night to base room rates have been dealt another blow this week, as Expedia Group began to lower their listings down the sort order of search results at its official and Internet web sites. In addition to artificially lowering the room rate for comparison purposes with the competition by potential customers and therefore intentionally obfuscating the true total cost of a stay to them, mandatory resort fees hav...
Tags: Travel, Financial, Expedia, Hotels And Lodging, Taxes And Fees, Expedia Group

The Family That Plans Together, Plays Together: 83% of Travelers Plan Trips Together as a Family

Family vacation planning is no longer an activity just for the adults, according to new custom research from Expedia Group® Media Solutions, the advertising organization of Expedia Group. For more than 8 in 10 travelers around the world, planning a family trip is a collaborative activity for the entire family, including the youngest members of the household: Generation Alpha. Representing those born after 2010, Gen Alpha may be young, but they have ideas and opinions and are already influ...
Tags: Travel, Expedia Group, Gen Alpha, Expedia Group ® Media Solutions

Funds for Indio, A Cloud Guru & Kerv, TMC3 Update & More TX Tech

—Indio Technologies, an insurance tech startup, has raised $20 million in funding, and plans to spend half of that amount to boost its Austin office, the company said. The Series B investment round was led by Menlo Ventures with participation from 8VC. San Francisco-based Indio, which makes software that insurance companies can white-label to digitize paper-based processes, has now raised more than $30 million and employs 50. The startup plans to add 50 more employees in engineering, sales, and...
Tags: Startups, Texas, Ebay, Cloud Computing, Cancer, Funding, San Francisco, Trends, Tech, Elephant, People, Vc, Austin, Innovation, Venture Capital, Dallas

Getting a piece of Uber

Menlo Ventures was founded in 1976 but it took 35 years for the venture capital firm to hit the jackpot. Since the dot-com boom, Menlo Ventures has teetered between good and great. A prolific Silicon Valley investor, it’s never quite reached the heights of Accel or Andreessen Horowitz (a16z), or established the level of name recognition as Benchmark or Sequoia, firms that struck gold with bets on Facebook, Instagram and Snap. But where others missed the boat entirely on one of the most valuab...
Tags: Apple, Facebook, Uber, Florida, New York, London, Pinterest, Stanford, Softbank, New York City, Los Angeles, San Francisco, Siri, Tech, Bloomberg, Chicago

Have Phone, Will Travel: One-Third of Latin American Gen Z and Millennial Travelers Use A Mobile Device Throughout the Entire Travel Shopping Journey

New Latin American generational data released today by Expedia Group® Media Solutions, the advertising organization of Expedia Group, reveals that Latin American Gen Z and Millennial travelers prioritize once-in-a-lifetime experiences, while Gen X and Baby Boomers are all about trip activities. All Latin American travelers say deals and value are important, and approximately eight in 10 have a budget in mind when planning a trip. However, activities and unique or cultural experiences outr...
Tags: Travel, Baby Boomers, Expedia Group, Expedia Group ® Media Solutions

Amazon is partnering with Netflix and Expedia as it fires back at the startups that accuse it of unfairly profiting from their open source code (AMZN, ESTC)

Amazon Web Services announced on Monday that it will partner with Expedia Group and Netflix to launch Open Distro for Elasticsearch, an open source software project. Open Distro for Elasticsearch is based on the open source search software originally created by software company Elastic.  AWS says that it is doing this to invest in open source, even as it combats a perception in the open source community that Amazon contributes little code to open source projects compared to its peer compani...
Tags: Google, Amazon, Microsoft, Yahoo, North Korea, Trends, Netflix, Aws, Silicon Valley, Amazon Web Services, Expedia, Elastic, Kim Jong, Elasticsearch, Cockroft, Cockcroft

Egencia Launches Breakthrough Platform Updates That Unlock Previously Untapped Business Travel Value

Egencia®, business travel from Expedia Group™, announces at the Business Travel Show the addition of three groundbreaking, customer-centric features on its global business travel platform, designed to enhance customer experiences, business value and employee care.
Tags: Travel, Expedia Group

ARC and Expedia Group Release 2019 Travel Outlook Study

Airlines Reporting Corporation (ARC), in collaboration with Expedia Group today released its fifth annual comprehensive study of worldwide air travel trends: 2019 Travel Pricing Outlook. Analyzing data from ARC's global database of over 2 billion flight segments, ARC and Expedia Group analyzed air ticket purchase trends for the world's most popular domestic and international routes. This year's report also includes money-saving strategies for booking hotels.
Tags: Travel, Arc, Expedia Group, Airlines Reporting Corporation ARC

Expedia Struggles to Move Beyond Its U.S. Dependence

When Mark Okerstrom became CEO of Expedia Group in September 2017, he said he wanted the company to become more global. In September 2018, Okerstrom repeated the ambition, noting that one of his priorities is for the conglomerate to become more locally relevant worldwide.
Tags: Travel, Expedia, Expedia Group, Mark Okerstrom

'I want you to panic': Swedish teen raises climate alarm at Davos

Camera crews push past tycoons and government leaders to get a close shot of the unlikely star at Davos this year: a Swedish teen with long braids and a big message for the world. Greta Thunberg blinks into the cameras of the media throng as she emerges timidly from a closed-door panel discussion at the World Economic Forum, the annual get-together of the rich and powerful. "She silenced the room... The girl was extremely moving," head of Expedia Group Mark Okerstrom told AFP.
Tags: Science, Davos, Expedia Group, Mark Okerstrom, Greta Thunberg

Egencia Reveals 2019 Top 100 Preferred Corporate Hotels

BELLEVUE, Wash. -- Today Egencia®, business travel from Expedia Group™, announced the winners of this year's prestigious Top 100 Preferred Corporate Hotel awards program.
Tags: Travel, Expedia Group, BELLEVUE Wash Today Egencia

Highgate Receives Expedia Group's 2018 EPIC Chairman Award

Earlier this month, real estate investment and hospitality management company Highgate received the prestigious 2018 EPIC Chairman Award, Expedia Group's highest global partner award. Highgate's Chief Revenue Officer Ankur Randev proudly accepted the award on behalf of Highgate from Expedia Group's Barry Diller, chairman and senior executive, Mark Okerstrom, president and chief executive officer and Melissa Maher, senior vice president, marketing and innovation."Highgate's three decades o...
Tags: Travel, Highgate, Barry Diller, Expedia Group, Melissa Maher, Mark Okerstrom, Ankur Randev

Expedia still sees room to grow

Despite competition from Google, Facebook and, Mark Okerstrom believes Expedia Group still has plenty of room to grow because it represents only a small part of the $1.6 trillion dollar travel industry.
Tags: Hotels, Expedia, Google Facebook, Expedia Group, Mark Okerstrom

Expedia launching AI bot for lodging partners

Expedia Group is launching a bot powered by artificial intelligence (AI) that is designed to help their lodging partners maximize growth.
Tags: Hotels, Expedia, Expedia Group

Expedia Group’s launches Hotel Guest Insights tool globally

Expedia Group has announced the global launch of Guest Insights, a solutions-driven insights tool for hotels.
Tags: Hotels, Expedia Group

Expedia Group’s launches Guest Insights tool globally

As part of the Expedia Group's Partner Central suite of offerings, Guest Insights leverages current property, competitive and market intelligence to inform properties of their guest's travel motivations and booking behavior, allowing partners to identify opportunities to reach and convert travellers in a strategic way.
Tags: Travel, Expedia Group

Microsoft and REI support proposed carbon fee

In Washington, the first carbon fee anywhere in the U.S. could become reality in Washington State where voters will decide on election day if they want companies to pay a carbon emissions fee of $15 per metric ton of carbon. Washington-based companies like REI, Expedia, Microsoft and Northwest Energy are supporting the measure in order to meet the state’s greenhouse gas reduction goals. If passed, the fee would start in 2020, with an increase of $2 annually until the state’s GHG reduction goals ...
Tags: Microsoft, Washington, Washington State, Producer News, Expedia, Rei, Expedia Group, Carbon Fee, REI Expedia Microsoft, Northwest Energy, Maureen Thon, Western State Petroleum Association

Expedia acquires Pillow and ApartmentJet to conquer the short-term rental market

To keep up with the rising demand for short-term rentals in U.S. cities and compete with the home-sharing giant Airbnb, travel booking site Expedia has picked up a pair of venture-backed hospitality startups, Pillow and ApartmentJet. Employees of both companies will join Expedia . The company declined to disclose the financial terms of the deals. “Acquiring Pillow and ApartmentJet will help unlock urban growth opportunities that, over time, will contribute to HomeAway’s ability to add an ev...
Tags: Startups, Tech, Chicago, Venture Capital, M&a, Expedia, Homeaway, Orbitz, Pillow, Trivago, Mayfield, Expedia Group, Network Ventures, Expedia The company, San Francisco Pillow, Gary Vaynerchuk Dennis Phelps

Expedia beats profit estimates on soaring travel demand

Expedia Group saw major growth in its vacation rental business HomeAway and higher travel bookings in the third quarter. Lodging revenue increased 12%.
Tags: Hotels, Expedia, Expedia Group