Travellers are ready to pack their suitcases and get on aeroplanes in the coming months even with disruptions due to labour shortages and higher inflation, Expedia Group Inc Chief Executive Officer Peter Kern said.
“Are there going to be places where things start to reach their peak or come off their peak, sure,” Kern said of travel demand Wednesday at the Bloomberg Technology Summit in San Francisco. “Broadly, we’re not seeing any discernible moment or time line where it’s all going to fall off.”
Expedia's shares rose more than 6% in extended trading. The company's shares have fallen about 47% so far this year as global travel restrictions due to the coronavirus pandemic ground the travel and tourism industry to a virtual halt.
The job cuts include 500 people in Expedia's headquarters in Seattle, a company spokeswoman said in a statement.
Thomas Cook said that while it remained focussed on its own-brand hotels, Expedia would be the preferred partner for its "complementary city and domestic holiday business", a wider range of hotels to give customers more choice.
The company ranks India as its top three markets in Asia in terms of size and growth along with China and Japan.
The Egencia/Expedia Mobile Behavior Mobile Index, a global study of mobile-device-related behavior and preferences among travelers conducted across ...
Expedia, one of the world's largest full service online travel sites, ...
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On this episode of Young Turks 1] watch exclusive conversation with Vikram Malhi of Expedia; 2] catch the perfect blend of smart fashion with 20Dresses and 3] meet another fashion entrepreneur from down under the story of Shoes of Prey.
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"Download this app and pay with one click for all your spends, from mobile phone top-ups to instant money transfers, bill payments, groceries, movie tickets to even big-ticket purchases such as foreign holidays," HDFC Bank said in a release.
CNBC-TV18'S Farah Bookwala reports that over the next 2 years, companies will reduce their dependence on air ticketing, where margins are under pressure due to deep discounting.
The online travel sector set precedents for the tax debate Airbnb is wading into. Reservation sites such as Expedia, Orbitz and Priceline have been mired in legal battles for years with municipal governments from Florida to Hawaii.
With travel season kicking off, Expedia, the world‘s largest online travel company, has announced the launch of its latest advertising campaign in India.
Planning a summer vacation? You can now easily plan your entire vacation using your smartphone
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Online travel agency Expedia Inc's third-quarter profit beat analysts' estimates, driven by an increase in hotel bookings in the Asia-Pacific region and Europe, sending the company's shares up 16 percent after the bell.
American Airlines, which is battling third-party ticket sellers over distribution costs and methods, on Tuesday said it has reached a deal with Priceline.com to use American's direct connect technology to access fares.