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…
Toss out iMovie and Windows Movie Maker — Expedia’s new app is turning your travel photos into a mini-movie with a few clicks. “Facebook is already the world’s largest repository of travel pictures,” claims an Expedia press release. “Soon, it may become the world’s largest de facto travel movie studio.” As part of its “Find… Read More…
Seattle travel startup Yapta has received a $1.1 million bridge loan, money that the company will use to continue operations as it looks to raise its next round of capital. Yapta continues to expand in the corporate travel arena having launched its FareIQ product last year. A spokesman for the company calls FareIQ “the world’s… Read More…
Expedia is leading a $30.3 million investment in Room 77, an online travel startup whose search service is designed to help people find the perfect hotel room. Though based in Mountain View, California, Room 77 has multiple connections to the Seattle online travel industry. Other investors in the company include Expedia founder and Zillow Chairman… Read More…
Expedia is expanding its presence in Europe today with an announcement that it has acquired 61.6 percent of Trivago, a 7-year-old Düsseldorf, Germany-based hotel search company. Bellevue-based Expedia is paying $632 million for the stake, with the deal expected to close in the first half of next year. “We are very excited to join the Expedia,… Read More…
Concur continues to put money to work in the online travel arena, announcing today that it is leading a $9 million investment in Nor1. The Silicon Valley company has developed a technology to help hotels upsell guests on their existing hotel reservations, driving additional revenue for hotel chains. The funding comes a few weeks after Concur… Read More…
Sometimes billionaires say the darndest things. That’s how we felt after reading the latest statements from media mogul Barry Diller who circulated a memo to Expedia staffers today after news hit that he planned to sell his stake in TripAdvisor and step down as chairman. You may recall that Expedia spun off TripAdvisor late last… Read More…
A group called Passports with Purpose, started in 2008 by travel bloggers from the Seattle region, is getting closer its 2012 goal of raising $100,000 for Water.org to build wells in Haiti. This year’s fundraiser and related sweepstakes runs through Tuesday Dec. 11 at 8:59 p.m. Pacific. It’s the latest in a series of charitable… Read More…
Gatherball co-founder Paul Watts has hung around startups for a long time, working as a software engineer at companies like WildTangent and WildSeed. And yet he still says there’s no feeling like having people wanting to provide a hug for the software that you create. “That’s what drives me every day,” says Watts. In the latest… Read More…
We usually talk about a wide variety of topics on the GeekWire radio show and podcast, but even by our normal standards, the breadth of stuff on this week’s show was a little crazy. Don’t worry, we were able to tie it all together! (For the most part, at least.) John and I kick off the… Read More…
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