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Expedia (EXPE) Q2 2021 Earnings Call Transcript
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Expedia (EXPE) Q2 2021 Earnings Call Transcript
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Expedia Group Looks to Close the Lopsided Profit Margin Gap With Booking Holdings
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Interview: Expedia’s new leaders from Apple and Verizon hope to help travel giant bounce back
June 4, 2021 at 1:16 am
Inside Expedia’s Seattle headquarters last month. (Tony Lystra Photo)
In 2001, Expedia Group embarked on a shopping spree. Over the course of nearly two decades, the Seattle travel platform snatched up more than 40 companies with a combined worth of nearly $13 billion.
Among the brands Expedia controls today are Travelocity, Hotwire, CheapTickets, Orbitz, HomeAway, Vrbo, Egencia and Hotels.com, to name just a few.
If you’re not sure what each of those companies does or why you’d want to use them, you’re not alone. Expedia says its customers are confused, too. In fact, media mogul and Expedia Chairman Barry Diller said during an earnings call last year that even the company’s own employees are baffled by its vast constellation of products.
31 May 2021
Expedia Group has announced a major restructure of its executive leadership team as the company changes its operations to fit into four key pillars.
Rathi Murthy joins Expedia as the company’s chief technology officer and president of Expedia Services, which includes data and artificial intelligence, e-commerce, payments, and customer experience, focusing on evolving the company’s technical strategy and underlying platform.
Most recently, Murthy managed innovations in 5G and the platform technology and infrastructure at Verizon Media.
Rathi Murthy
Expedia has also appointed Jon Gieselman as its president of Expedia Brands, which will house the group’s consumer-facing businesses.