2. EXPEDIA
World’s largest online travel company
• Localized for 30+ countries
• Many travel related products
•
!
Web application
• Mobile App: Android, iPhone, Windows Phone
•
3. 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
4. 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
8. 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