Expedia Group said Friday (July 12) that it will launch two new co-branded credit cards designed to complement its loyalty program, One Key.The new cards — the One Key Card and the One Key+ Card — will result from the online travel platform’s new multiyear agreement with Wells Fargo and Mastercard, the companies said in a Friday press release.Both cards will start accepting applications from U.S. customers later this summer, according to the release.“As we celebrate one year of One Key launching in the U.S. ...

Core Points - Expedia Group has announced a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards, the One Key Card and One Key+ Card, aimed at enhancing the travel experience for U.S. travelers [1][2] - The One Key Card suite offers 3% in OneKeyCash on purchases made through Expedia, Hotels.com, Vrbo, and everyday purchases at gas stations, grocery stores, and restaurants [1][2] - Cardholders will receive automatic tier upgrades in the One Key loyalty program, with One Key Cardholders achieving Silver tier and One Key+ Cardholders achieving Gold tier, unlocking savings of 15% and 20% or more on over 10,000 hotels worldwide [2][3] Card Features - The One Key+ Card has a $99 annual fee, offers $600 in OneKeyCash after spending $3,000 in the first three months, and provides 3% in OneKeyCash on Expedia, Hotels.com, and Vrbo [3][4] - The One Key Card has no annual fee, offers $400 in OneKeyCash after spending $1,000 in the first three months, and provides 3% in OneKeyCash on Expedia, Hotels.com, and Vrbo [3][4] - Both cards include travel protections such as trip cancellation and interruption, auto rental collision damage waiver, and common carrier travel accident insurance [3][4] Strategic Goals - The launch of the One Key Cards is part of Expedia Group's mission to make travel more rewarding and flexible, helping travelers achieve higher tiers for more rewards faster [2][5] - The partnership with Wells Fargo and Mastercard aims to provide immediate value to customers through instant discounts, enhanced perks, and accelerated rewards [4][5] - The One Key loyalty program is designed to unify the travel rewards experience across Expedia, Hotels.com, and Vrbo, making it easier for consumers to earn and redeem rewards [2][8]

Expedia Group Inc. (EPXE) is a travel company that primarily operates in online bookings. It owns and operates many websites, including hotels.com, travelocity.com, orbitz.com, vrbo.com and expedia.com. It has grown significantly to a market cap of over $14 billion since it was founded in the late 1990s. Earnings results The company reported first-quarter earnings after the market closed on May 2. It outperformed Wall Street expectations in regard to revenue (reported $2.89 billion versus $2.81 billion expe ...

Expedia Group (EXPE) is continuously gaining from a growing customer momentum on the back of its robust travel solutions portfolio.The latest partnership with Cathay is a testament to the aforesaid fact.Cathay will integrate Expedia’s White Label Template technology into its newly launched Cathay Holidays travel hub to expedite and customize travel booking and trip planning experiences of customers.Cathay partnership is expected to boost Expedia’s footprint in the travel and tourism market in Asia which as ...

Expedia says Rathi Murthy and Sreenivas Rachamadugu, respectively its CTO and senior vice president of core services product & engineering, are no longer employed at the travel booking company.In a statement shared with Bloomberg and elsewhere, Expedia said Murthy and Rachamadugu are “no longer employed at Expedia Group” due to an unspecified “violation of company policy.”“We’re actively searching to fill these roles and remain confident in our technology, strategy, and employees,” the company said. “Due to ...

Core Insights - Expedia Group has launched several new AI-powered products and features aimed at enhancing customer travel experiences, including an AI-based travel assistant named Romie [1] - The company introduced Travel Shops, a new storefront for sharing travel recommendations, and a travel media network to leverage first-party data for targeted advertising [2] - Partnerships with Afterpay and Philippine Airlines have strengthened Expedia's booking and planning portfolio, enhancing customer flexibility and access to travel services [3] Market Opportunities - The global travel and tourism market is projected to reach $927.3 billion in 2024 and $1.06 trillion by 2028, with a CAGR of 3.5% [4] - The online travel booking market is expected to grow to $1.18 trillion by 2030, with a CAGR of 9.7% from 2024 to 2030 [4] - The Zacks Consensus Estimate for Expedia's 2024 revenues is $11.86 billion, reflecting a year-over-year growth of 22.4% [4] Competitive Landscape - Expedia Group aims to strengthen its competitive position against peers like TripAdvisor, Airbnb, and Booking Holdings, all of which are also enhancing their offerings in the travel market [6] - Competitors are launching their own AI-powered features, such as TripAdvisor's itinerary generator and Booking Holdings' generative AI enhancements [7][8]

Core Insights - Expedia is launching an AI assistant named Romie to enhance travel features such as search, itinerary building, and real-time updates like flight delays [1] - The company is also introducing smart search capabilities that allow users to describe hotel preferences in natural language [2] - Expedia is integrating data from various sources to provide tailored travel updates and suggestions [3] Group 1: AI Integration - Romie, the AI assistant, is trained on a mix of in-house and OpenAI models and can assist users via iMessage and WhatsApp [1] - The assistant can summarize itineraries, suggest restaurants, and link directly to the Expedia app [1] - Expedia has been experimenting with AI since last year, indicating a strategic shift towards integrating AI into its core offerings [3] Group 2: Competitive Landscape - Competitors like Booking.com and Airbnb are also developing AI-powered features, indicating a trend in the travel industry towards AI integration [3] - Startups are leveraging AI to create innovative travel solutions, such as Mindtrip's AI travel agent and Layla's end-to-end travel recommendation app [4] - Rathi Murthy, CTO of Expedia Group, expressed confidence that Expedia's multi-functional AI solution will differentiate it from competitors [4] Group 3: Upcoming Features - Expedia plans to launch a cross-date price comparison tool, an AI-powered help page, and guest review summaries in its upcoming spring update [5] - The company is currently testing new features with a limited audience through its EG Labs program [2] - The AI assistant Romie is expected to evolve further, with plans to enhance its functionality in group chats on WhatsApp [5]

Core Viewpoint - Expedia's stock has recently underperformed, returning -13.5% over the past month compared to the S&P 500's +1.3% and the Internet - Commerce industry's +3.3% [1] Earnings Estimate Revisions - The consensus earnings estimate for the current quarter is $3.18 per share, reflecting a year-over-year increase of +10%, but has decreased by -11% over the last 30 days [3] - The fiscal year earnings estimate is $11.86, indicating a +22.4% year-over-year change, with a -4.1% revision in the last month [3] - For the next fiscal year, the earnings estimate is $14.92, showing a +25.8% change from the previous year, with a -2.8% adjustment recently [3] - Expedia holds a Zacks Rank 3 (Hold) due to the recent changes in earnings estimates and other related factors [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $3.55 billion, indicating a +5.8% year-over-year change [6] - For the current fiscal year, the sales estimate is $13.8 billion (+7.5%), and for the next fiscal year, it is $14.88 billion (+7.9%) [6] Last Reported Results and Surprise History - In the last reported quarter, Expedia generated revenues of $2.89 billion, a +8.4% year-over-year increase, and an EPS of $0.21 compared to -$0.20 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate by +3.1%, and the EPS surprise was +156.76% [7] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [7] Valuation - Expedia is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [10] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [8][9] Conclusion - The information presented may assist in evaluating the market interest surrounding Expedia, with a Zacks Rank 3 suggesting it may perform in line with the broader market in the near term [11]

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere.The live webcast will be available here.The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere. The live webcast will be available here. The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...