1/14/2024 0 Comments Kern smart searchAs the source notes: "On social media, customers complained of excessively long call times and being unable to get through to a representative, leading to travelers being unable to make any changes to their travel plans or start refunds. Department of Transportation received 14,604 complaints about Expedia and other online travel agencies (OTAs) from customers trying to get refunds for cancelled flights. Īccording to the Travel Market Report, from January to December 2020 the U.S. Įxpedia's revenue dwindled from $12 billion in 2019 to $5.2 billion in 2020 due to the COVID-19 pandemic. He was the highest paid CEO in the S&P 500 in 2021, taking home $296,200,000 in total compensation. On 23 April 2020, Peter Kern was appointed as CEO of Expedia Group. In February, 2020, Expedia announced it was cutting 3,000 jobs, roughly 12% of the workforce, citing a "disappointing 2019." Diller, in his role as acting CEO, stated the company had become "sclerotic and bloated" and that employees were "all life and no work." At that time, Expedia Group's chairman, Barry Diller, took over day-to-day operations, while the Chief Strategy Officer, Eric Hart, became acting CFO. 4, 2019, Mark Okerstrom and Alan Pickerill resigned as CEO and CFO, respectively. announced that it had changed its name to Expedia Group, Inc. In August 2017, Mark Okerstrom became the President and CEO of Expedia, Inc. Clinton will get $45,000 a year in cash, plus $250,000 a year in stock vesting over three years. In March 2017, Chelsea Clinton was named to the board of Expedia. ![]() In 2016 Expedia acquired Trip World Vacations travel company in Mexico for 10.7 Million Dollars. In 2015, Expedia bought HomeAway for $3.9 billion. In July 2015, Expedia and Marc Benioff, CEO of participated in an investment of $11M in Wingz. Panoramic view of Expedia's Seattle campus under construction, 2019. In February 2015, the company announced it would be moving its headquarters to Seattle. In 2015, Expedia acquired Orbitz for $1.6 billion in cash. Expedia previously partnered with Travelocity to provide the technology platform for Travelocity's US and Canada points of sale. In January 2015, Expedia acquired Travelocity from Sabre Corp for $280 million. partnered with Citigroup and created the Expedia+ card whose members can earn bonus points and earn benefits and priority customer service through the website. In 2014, Expedia acquired for $658 million. In October 2013, Expedia acquired The ocean adventures company in Mexico for 9.4 Million Dollars. In 2012, Expedia's Egencia unit acquired Via Travel, the largest travel company in Norway. On December 21, 2012, Expedia bought a majority stake in travel metasearch engine Trivago in a combined cash and stock deal worth €477 million (approximately $630 million). spun out TripAdvisor Media Group, retaining its portfolio of travel transaction brands. ![]() In 2011 Expedia acquired Travel Smart Vacations travel company in Mexico for 11.3Million Dollars. In August 2005, IAC spun off Expedia Inc., which owned its travel group of businesses, including Expedia, Expedia Corporate Travel (now Egencia), TripAdvisor, Classic Vacations, eLong,, and. Dara Khosrowshahi was announced as the new CEO. In December 2004, IAC announced plans to spin off IAC Travel into Expedia. ![]() Rich Barton resigned as CEO and was replaced by Erik Blachford. In 2003, it was fully purchased by IAC/InterActiveCorp and became part of IAC Travel. In 2001, IAC/InterActiveCorp (known at the time as USA Networks Inc) bought a controlling interest in the company for an estimated $1.5 billion. History įounded as a division of Microsoft in October 1996, Expedia was spun off into a public company in 1999. Īccording to Rich Barton, the company's first CEO, the word "Expedia" is derived from a combination of "exploration" and "speed". Its websites, which are primarily travel fare aggregators and travel metasearch engines, include, , Vrbo (previously HomeAway), Travelocity,, Orbitz, Ebookers, CheapTickets,, Expedia Cruises, Wotif, and Trivago. is an American online travel shopping company for consumer and small business travel.
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