Expedia becomes more and more powerful: bookings increase by over one million US dollar
Bellevue/Washington, 11 February 2017 –
2016 was a good year for online bookings: Expedia increased its revenue by a full 32 per cent to 8.7 billion US dollars last year. The Gross bookings, meaning the amount of the traded travel bookings, grew by 21 per cent to over 72.4 billion US dollars. They even increased by over one billion US dollars only in the final quarter of last year.
The adjusted EBITDA grew by 39% to 1.6 billion US dollars, net earnings rose by 40 per cent to 698.8 million US dollars.
According to the company’s information, expedia.com is the world’s largest travel agency. Besides expedia.com, the Expedia Group comprises the portals hotels.com, orbitz.com, trivago.com, homeaway.com, egencia.com, travelocity.com and hotwire.com, as well as further platforms. The German participation trivago.com, which again holds majority ownership of myhotelshop.de, increased its revenue in the final quarter of 2016 to 183 million US dollars (+65%) and went public (listed on Nasdaq Global Select Market).