Expedia claims “better than expected” Q3, driven by Vrbo
US: Travel firm Expedia Group has announced its 2020 Q3 results, which it has claimed are better than expected, but still down over 50 per cent from 2019. Its short-term rentals arm Vrbo, however, has outperformed much of the market, as it saw growth in both total bookings and total revenue from 2019. CEO Peter […]
Expedia Group names Kern as CEO and raises $3.2bn in capital
US: Expedia Group has named Peter Kern and Eric Hart as its new chief executive and financial officers, taking over from Mark Okerstrom and Alan Pickerill, who both resigned abruptly in December over reported disagreements with the company’s board on strategy. At the same time, the group confirmed through its chairman Barry Diller that it […]
Expedia Group announces shock CEO and CFO resignations
US: Expedia Group has announced that its CEO Mark Okerstrom and CFO Alan Pickerill have resigned from their posts with immediate effect. As a result, board chairman Barry Diller and vice chairman and Expedia director, Peter Kern, have been tasked with overseeing the company’s executive leadership team for the foreseeable future. They will manage day-to-day […]