Date post: | 05-Dec-2014 |
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Technology |
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Nicole Grieble
EXPEDIA • World’s largest online travel company • Localized for 30+ countries • Many travel related products
!
• Web application • Mobile App: Android, iPhone, Windows Phone
COMPANY HISTORY• 1996: Microsoft launched small online travel booking site
• 1999: Expedia spun off of Microsoft
• 2002: InterActiveCorp's (IAC) acquisition of a controlling interest
• 2002-2004: Acquired other online travel sites
• 2005: IAC spun out its travel businesses under the name Expedia, Inc
• 2011: Expedia spun out TripAdvisor
• 2012: Expedia acquired stake in Chinese travel company, eLong
• 2013: Expedia acquired majority stake in Trivago
FINANCIALS•1999: IPO opened
• Microsoft owned majority stake • Opened 5.2 million shares at $14 a share • Net proceeds from the IPO were $72.8 million
•2011: •First reporting of $1 Billion revenue
•2012: •Gross Bookings: $34 Billion •Revenue: $4 Billion •Profit: $400 Million
WHAT’S HOT?
• Launched mobile itinerary
• New find yours campaign
• Mobile app awards
2013 Webby Winner: People’s
Voice Award
Over 16 Million Downloads
COMPETITION
SECRET SAUCE• Largest inventory on the market
• 150,000+ hotels and 300+ airlines
• Focus on using technology to help drive user experience
• Can offer package discounts
PREDICTION
• Positive outlook
• Just reported stronger Q3 numbers than predicted
• Better social media integration
• Focus on mobile development
QUESTIONS?