Online travel company Expedia Group, Inc. (EXPE) operates through its Retail; B2B; and Trivago segments. Its brand portfolio includes Brand Expedia, Hotels.com., Vrbo, Orbitz, CheapTickets, and Travelocity, and it operates in more than 70 countries worldwide. EXPE is headquartered in Bellevue, Wash.
The company has had a rough ride during the pandemic due to the global public health driven lockdown. However, EXPE marked a comeback in its fourth quarter of 2021, benefiting from a robust holiday travel season despite the omicron variant wave which took a toll globally. With a strong foothold in the international market, EXPE is expected to continue benefiting this year as the travel industry gains momentum with the easing of restrictions and solid progress in the global vaccination drive. Furthermore, given the flexibility that people are enjoying courtesy of the hybrid work culture, and people’s broadened capacity to explore travel to and work from other locations, demand for EXPE’s services should be boosted. “The travel industry and traveling public prove more resilient with each passing wave, and we continue to expect a solid overall recovery in 2022, barring a change in the trajectory of the virus,” Expedia Chief Executive Peter Kern said.
