Expedia Group, Inc. (EXPE) is scheduled to report its first-quarter 2024 results on May 2.For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $2.80 billion, suggesting growth of 5.2% from the year-ago quarter’s reported figure.Further, the consensus mark for loss is pegged at 37 cents per share, suggesting a decline of 85% from the figure reported in the year-ago quarter.Let’s see how things have shaped up for the upcoming announcement.Key Factors to NoteExpedia’s first-qu ...

rvlsoft/iStock Editorial via Getty ImagesThe old adage is still true: the best time to buy is when others are fearful. While the markets continue to vacillate between gains and losses driven by escalating Middle East tensions and interest rate speculation, it’s also a great time to start migrating cash into equity positions that are well placed for a rebound. Expedia (NASDAQ:EXPE) is a great choice here. The travel booking site has been decimated by a 15% loss this year, but is well positioned to reboun ...

Thai Liang Lim In the past decade, the OTA (Online Travel Agency) industry has become more concentrated, with two players emerging on top: Booking Holdings Inc. (BKNG) and Expedia Group, Inc. (NASDAQ:EXPE). These OTAs represent a significant portion of the market-some 92% of the US OTA market-and command considerable pricing power with both consumers and service providers. Additionally, their combined brand portfolios hold significant brand recognition among consumers of all income levels and travel service ...

SolStock Expedia Group (NASDAQ:EXPE) has had an interesting journey over the past decade. Starting out with impressive growth, it soon found itself in crisis when the COVID pandemic hit. Peter Kern took the helm as CEO in 2020 and worked to keep the company alive and reshape it for a brighter future. As Kern's contract is complete, Q4 earnings served as a passing of the torch, while he summarized his accomplishments. With Expedia entering this new phase of its life, the market was not optimistic, and sh ...

The latest trading session saw Expedia (EXPE) ending at $135.74, denoting a +0.31% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.The online travel company's stock has climbed by 0.37% in the past month, falling short of the Retail-Wholesale sector's gain of 5.15% and the S&P 500's gain of 4.42%.Investors will be eagerly watching for the performance of Expedia in its upcoming earni ...

Industry Overview - The travel industry is experiencing a post-pandemic boom, but demand is beginning to slow down, leading to layoffs and financial adjustments among major players [1] - Expedia announced the termination of 1,500 employees, representing 9% of its workforce, due to declining demand, which is expected to impact its bottom line by $80 million to $100 million [1] - Booking Holdings and Sabre also anticipate weaker financial results, indicating a broader trend in the industry [1] Company Analysis: Expedia - Expedia's workforce reduction highlights the challenges faced by online travel agents amid decreasing demand [1] - The company's financial outlook is negatively affected by the layoffs, with significant cost implications [1] Company Analysis: Carnival - Carnival, the largest cruise ship operator, has not fully recovered to pre-pandemic levels, with shares trading 65% to 70% below their previous highs [3] - Despite a 76% increase in stock price over the past year, Carnival still carries $28.5 billion in long-term debt and only $2.4 billion in cash, with $5 billion in liquidity [4] - Booking volumes are at record highs, with customer deposits reaching $6.4 billion, indicating strong demand despite economic pressures [4] Company Analysis: United Airlines - United Airlines has improved since the pandemic but remains 43% below pre-COVID stock levels, facing challenges from Boeing's operational issues [5] - The airline recorded a $600 million GAAP net profit last quarter, a 28% decline from the previous year, and has nearly $30 billion in long-term debt [5] - High interest rates, elevated jet fuel prices, and labor costs are significant concerns for the airline's profitability [5] Company Analysis: Airbnb - Airbnb is showing resilience in a declining market, with stock up 22% year-to-date and over 38% higher than a year ago [7] - The company reported a 17% revenue growth last year, with profits more than doubling to nearly $5 billion, and gross booking values increased by 16% to $73 billion [7] - Airbnb's diverse offerings and global presence allow it to adapt to changing travel demands, maintaining a strong market position [7][8]

Core Viewpoint - Expedia Group (EXPE) is experiencing significant growth driven by strong customer momentum and expanding partnerships, with shares increasing by 47.5% over the past year compared to the Retail-Wholesale sector's 35.6% growth [1] Group 1: Partnerships and Global Expansion - The company has announced several partnerships aimed at expanding its global footprint across Asia-Pacific, North America, Europe, and the Middle East [1][2] - In Asia-Pacific, collaborations with various tourism agencies aim to enhance traveler experiences and promote sustainable tourism [3] - In North America, partnerships with Alaska Airlines and United Airlines will utilize Expedia's White Label Template technology to enhance online travel platforms [3] - In Europe, the addition of IAG Loyalty will leverage competitive rates and availability to expand loyalty programs [4] - In the Middle East, a partnership with Visit Qatar aims to boost global tourism demand through creative campaigns and data support [4] Group 2: Market Potential and Financial Outlook - The global travel and tourism market is projected to reach $927.3 billion in 2024 and $1.06 trillion by 2028, indicating a CAGR of 3.5% [4] - The online travel booking market is expected to reach $1.18 trillion by 2030, with a CAGR of 9.7% from 2024 to 2030 [5] - The Zacks Consensus Estimate for 2024 revenues for Expedia Group is $14.06 billion, reflecting a year-over-year growth of 9.5% [5] Group 3: Competitive Landscape - Expedia Group's recent partnerships are expected to strengthen its competitive position against peers such as TripAdvisor, Airbnb, and Booking Holdings, all of which are also pursuing growth opportunities in the travel and tourism market [6]

Expedia (EXPE) ended the recent trading session at $135.78, demonstrating a +1.76% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.65%. Elsewhere, the Dow saw a downswing of 0.18%, while the tech-heavy Nasdaq depreciated by 1.16%.Prior to today's trading, shares of the online travel company had lost 16.33% over the past month. This has lagged the Retail-Wholesale sector's gain of 3.99% and the S&P 500's gain of 3.4% in that time.The investment com ...

Expedia (NASDAQ:EXPE) layoffs are a hot topic on Tuesday after the online travel company announced plans to cut 8% of its workforce.These Expedia layoffs will result in 1,5000 of the company’s employees losing their jobs. The company says it expects to suffer between $80 million and $100 million in restructuring charges as a result of these job cuts.These job cuts will affect employees around the world. Expedia also mentions in an internal memo that its Product & Technology division will suffer the majority ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...