Expedia Inc. (NASDAQ:EXPE) was founded in 1996 and is headquartered in Bellevue, Washington. It is expected that the company will move to Seattle, Washington in 2019. It has 22,615 full-time employees. Like Priceline , it is a global leader Of online travel companies account for about one-third of the global online travel market.
Expedia is an Internet travel company headquartered in the United States, which provides services such as air ticket reservations, hotel forecasts, car rentals, and cruises. Expedia was founded in 1996, initially by Microsoft . Later, because “it is no longer related to software-intensive technology” and they “believe that they can’t do their best”, in 2001, Bill Gates spun off the company and listed it separately.
In July 2001, USA Networks, Inc. (now IAC/InterActiveCorp ) acquired Expedia from Microsoft.
On August 9, 2005, Expedia was spun off from IAC/InterActiveCorp and listed independently.
In December 2010, AMR Corporation , the parent company of American Airlines and American Eagle Airlines , was removed from Expedia’s website and relisted in April 2011.
On December 20, 2011, Expedia was split again into two new companies, Expedia and TripAdvisor . Among them, Expedia operates the company’s travel transaction-related business, while TripAdvisor will operate travel media and advertising brand business. In addition, TripAdvisor is now a global company. The largest tourist community, with absolute leadership in hotel and scenic spot review services.
Expedia acquired in 2004 the Chinese online travel site eLong ( eLong.com ), thus opening the Chinese market, its sister company TripAdvisor holds a Chinese travel review site TripAdvisor ( tripadvisor.cn ) and Chinese travel search engine Cool News Net ( kuxun.cn ). Expedia’s existing business units cover the United States, China, Canada, France, the United Kingdom, Belgium, Germany, Italy and Spain.
Following the wholly-owned acquisition of Kuxun.com, Expedia’s controlled companies in China include eLong.com, Dadao.com, Kuxun.com and Yixinda, plus Hotels.com, which has launched a Chinese website and 800 phone reservation service. , Expedia has formed a penetration and integration of business scope involving travel booking, user reviews, vertical search, business travel and other fields ( from Baidu Encyclopedia ).
On December 21, 2012, Expedia acquired Trivago , a professional hotel search and booking engine , for approximately US$6.3 million.
In June 2014, Expedia began accepting Bitcoin payments.
In September 2014, Expedia Inc. cooperated with Citigroup to create the Expedia+ membership card, which allows the member to earn reward points and receive preferential and priority customer service through the website.
On November 5, 2015, Expedia acquired 10.15 U.S. dollars in cash per share and 0.2065 Expedia shares, equivalent to 38.31 U.S. dollars per share, for a total of 3.9 billion U.S. dollars (30.2 billion Hong Kong dollars). The entire equity of HomeAway, the operator of the vacation rental service website.
In 2017, Expedia announced that it would move its headquarters to Seattle in 2019.
So far, Expedia’s brands include : Expedia.com, Hotels.com, Orbitz.com, Travelocity, Trivago, Hotwire.com, Egencia, Venere.com, HomeAway, Expedia local experts, Classic Vacations.