Expedia

What does Expedia mean?

Expedia is a global online travel company that provides a wide range of travel-related services. These services include booking flights, hotels, cars, and activities; as well as offering travel packages and destination information.

Expedia was founded in 1996 in Bellevue, Washington, by Rich Barton and Dan Styczinski. The company’s name is derived from the Greek word for ‘expedition’, reflecting its mission to make travel more accessible and affordable.

Expedia.com, the company’s flagship website, was launched in 1999. The website quickly gained popularity, becoming one of the leading online travel agencies in the world. Today, Expedia operates in over 30 countries and territories, with websites in over 25 languages.

Expedia’s business Model is based on a commission structure, whereby the company receives a commission from suppliers for each booking made through its platform. This commission structure allows Expedia to offer its services to consumers at competitive prices.

Expedia’s revenue is generated from a variety of sources, including commission on bookings, advertising fees, and membership fees. In 2018, the company generated revenue of over $11 billion.

Expedia is a publicly traded company, listed on the NASDAQ stock exchange under the symbol EXPE. The company is a Member of the S&P 500 index.

Importance of Expedia

Expedia is an important player in the travel industry today due to its wide range of services, competitive prices, and global Reach. The company’s platform provides consumers with a convenient and efficient way to Research and book travel.

Expedia is also a valuable partner for suppliers, providing them with access to a global network of consumers. The company’s marketing expertise helps suppliers to reach new customers and increase their sales.

Applications

Expedia’s services are used by a wide range of customers, including individuals, families, and businesses. The company’s platform is particularly popular with consumers Who are looking for a one-stop shop for all their travel needs.

Expedia’s key applications are as follows:

• Booking flights: Expedia offers a wide selection of flights from over 500 airlines. The company’s flight search engine allows consumers to compare prices and find the best deals.

• Booking hotels: Expedia offers a wide selection of hotels from around the world. The company’s hotel search engine allows consumers to compare prices, amenities, and reviews.

• Booking cars: Expedia offers a wide selection of cars from rental companies around the world. The company’s car search engine allows consumers to compare prices and find the best deals.

• Booking activities: Expedia offers a wide range of activities, such as tours, attractions, and experiences. The company’s activity search engine allows consumers to find and book activities that match their interests.

• Travel packages: Expedia offers a variety of travel packages that combine flights, hotels, and cars into a single package. Travel packages can be a great way to save money on your vacation.

• Destination information: Expedia provides a wealth of information on travel destinations around the world. The company’s website includes destination guides, articles, and photos.

History

Expedia was founded in 1996 in Bellevue, Washington, by Rich Barton and Dan Styczinski. The company’s initial focus was on providing online booking for flights.

In 1999, Expedia launched Expedia.com, its flagship website. The website quickly gained popularity, becoming one of the leading online travel agencies in the world.

In the early 2000s, Expedia expanded its services to include hotel bookings, car rentals, and activities. The company also launched a number of new websites, including Hotwire.com, Hotels.com, and TripAdvisor.com.

In 2003, Expedia was acquired by IAC/InterActiveCorp, a media and internet company. Expedia continued to operate as an independent subsidiary of IAC.

In 2005, Expedia launched Expedia Corporate Travel, a division that provides travel management services to businesses.

In 2015, Expedia spun off TripAdvisor as a separate public company.

In 2018, Expedia acquired Orbitz Worldwide, another online travel agency.

Today, Expedia is a global online travel company with websites in over 25 languages and operations in over 30 countries and territories. The company is a leader in the online travel industry, providing a wide range of travel-related services to consumers and suppliers around the world.