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Airbnb may be worth more than Expedia

Airbnb is reportedly in talks to raise up to $500 million at a $10 billion valuation, which would make it worth slightly more than publicly held Expedia. The six-year-old San Francisco start-up epitomizes the sharing economy, by allowing people to rent out unused rooms in their home — or entire islands and castles — to anyone… Read More

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World’s largest travel site? Expedia and TripAdvisor both lay claim to title

Expedia has started claiming in its ads that it’s the “world’s largest travel site.” It’s an interesting assertion, considering that TripAdvisor, which spun off from Expedia in 2011, also refers to itself as “the world’s largest online travel site.” They both base their claims on data from comScore, so who’s right? As it turns out,… Read More

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Expedia CEO discusses Google smackdown

Shares of Expedia took a hit last month after SearchEngineLand reported that the Bellevue online travel giant had lost about 25 percent of its search visibility on Google after it was allegedly penalized for paying for links to boost its search ranking. In a conference call last week in which the company reported strong earnings, Expedia… Read More

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Shares of Expedia jump as Q4 revenues top $1.1 billion

Expedia, the Bellevue online travel giant, saw its revenue increase 18 percent during the fourth quarter as it showed increases in hotel room nights and improvements in advertising and media revenue. Revenue for the fourth quarter was $1.15 billion, up from $974.9 million in the same period in 2012. Adjusted net income came in at… Read More

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Relive the GeekWire Summit with photos, Twitter reaction

From a fantastic talk with Rich Barton and Bill Gurley to a former Amazon exec comparing shopping to sex, the 2013 GeekWire Summit was one to remember. Thanks to the more than 700 of you who came out to Thursday’s day-long event, where we enjoyed excellent conversations with industry leaders, great networking and tasty food…. Read More

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Deal of the day: Travelocity partners with rival Expedia

Travelocity is holding onto its brand. But the guts of the online travel agency, which is owned by travel giant Sabre, are being outsourced to longtime rival Expedia. In a deal that was announced today, Bellevue-based Expedia said that it will power Travelocity’s Web sites in North America, providing the back-end technology. It’s an interesting… Read More

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Expedia’s eLong establishes $100M fund to bankroll mobile travel startups

It’s a good time to be a travel-oriented startup. eLong, the Chinese travel giant that’s partially owned by Expedia, said that it plans to create a $100 million fund to invest in startups developing mobile hotel technologies. “We see an accelerating trend towards mobile hotel bookings, which comprised more than 20% of our hotel room nights in Q2,… Read More

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Shares of Expedia tumble 25 percent after online travel giant hits Q2 ‘headwinds’

Shares of Expedia are getting trashed in after-hours trading, following the Bellevue company’s latest earnings announcement which showed a 27 percent decline in adjusted net income. The company’s earnings missed targets, which analysts had estimated would come in at an average of 79 cents earnings per share. The company came in at 64 cents earnings… Read More

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Tech Moves: Doug Aley leaves Zulily for Room 77; Vittana taps CEO; Ex-RealNetworks CEO lands at Brightcove; UserMind; etc.

Doug Aley is jumping back into the online travel business, taking a new job as vice president of product development at hotel search engine Room 77. “Room 77 has established itself as an innovator that’s pushing the limits of hotel search, and I’m really excited to join the team and disrupt this category for the… Read More

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Egencia partners with Concur to make business travel simple

In an effort to make business travel more seamless, Egencia is partnering with Concur, the Redmond maker of travel and entertainment expense management software. Users who book and manage trips through Egencia, the Expedia-owned business travel management company, will now have the option of using Concur Expense right from the Egencia website, and vice versa for customers using the Concur… Read More

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Microsoft, Expedia, others file complaint over Google’s domain name ‘land grab’

Fairsearch.org, a lobbying group whose backers include Microsoft, Expedia, TripAdvisor and Nokia, has filed objections over Google’s attempts to take control of genric top-level domains such as .search, .fly, .map and more than 100 other extensions. Calling it a domain name “land grab,” Farisearch argues in its complaint to the Internet Corporation for Assigned Names and… Read More

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CFOs on the hot seat: Students tell Expedia and Zillow execs how they could improve

Expedia’s Mark Okerstrom and Zillow’s Chad Cohen are accustomed to fielding tough questions from Wall Street analysts. But the chief financial officers were on a hot seat of a different sort last Wednesday as a group of accounting and business students at Seattle University presented their findings about both companies, sharing insights on everything from… Read More

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Florida court hands victory to Expedia, other online travel companies over lodging tax

Expedia and other online travel companies won a crucial decision this week when the The First District Court of Appeals in Florida ruled that the travel companies do not have to impose hotel occupancy taxes. “Our members maintain the same ambition now as we did prior to litigation: to successfully encourage travelers and tourists worldwide to… Read More

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Expedia revenue hits $975M on strength of hotel business

Expedia is flying high again. The Bellevue-based online travel giant today posted fourth quarter revenue of $975 million, a 24 percent increase over the same period in 2011. For the year, the company topped $4 billion in revenue, a 17 percent increase. Net income dropped to $6.9 million, down from $70 million for the same… Read More