The Expedia Inc, the biggest travel agency online in the world, has recently reported a high production rate on their revenue as many bookings on their hotel branches have been made. The profit of the company has gone over 50% of what they previously had last year during the same period.
In spite of the competition with many others abroad and the concern for the current widespread virus, Ebola, many travelers have still been coming and going as proven by the 29% increase of the bookings on many hotels.
The results made are very encouraging as many people would think that it was supposed to go way down, but unlike what is expected, the company has risen more and more. Expedia has been hogging and buying many other agencies that may profit them. This includes Trivago and Hotels.com. At the end of last year, a joint venture was also made between Expedia and Sabre Corps.
Although Expedia has grown slower than its biggest competitor, Priceline Group Inc, they boast of having more bookings either way. Amobi has said that the slowing down in a few of the markets internationally, is the only off putting factor of the performance made by the company in the third quarter of the year.
Dara Khosrowshahi, the acting Chief Executive Officer of Expedia, said that any added investments would only lead to fatalities income-wise. The Chinese market is continuing to be fiercely competitive and very dynamic as many people have been investing in it.
Expedia’s proceeds grew by 22% reaching up to more than $1.71 billion. This beats Wall Street’s standard prospect of a little less than $1.68 billion. Profits from marketing and media donated greatly on the mentioned increase.
What everyone must anticipate now is if this will keep on growing in the incoming years as many companies have come and go.