Skift Global Forum Preview: Expedia CEO Plays the Long Game in Short-Term Rentals

Mark Okerstrom, the CEO of Expedia Group, believes his company has lots of tools to be a winner in accommodations. Adam Shane Productions / Expedia Group Skift Take: Is Airbnb going to eat Expedia’s lunch? The brand name Vrbo, really? Expedia CEO Mark Okerstrom faces some real challenges as the online travel agency pecking order … [Read more…]

Expedia Still Has High Hopes for a Vrbo Bounce — Next Year

Expedia officials said Vrbo will find its bearings in 2020. Bloomberg Skift Take: When Expedia Group acquired HomeAway, now renamed Vrbo, in 2015, officials obviously knew they weren’t getting an Airbnb. Still, they may have obtained less than they bargained for because the journey so far has been very bumpy. — Dennis Schaal Slim Leather … [Read more…]

CEO Hints Booking Holdings Is Ready to Buy More Companies

One part of the lobby of the Booking.com headquarters in Amsterdam. The online travel agency is the largest unit in Booking Holdings, which reported earnings on Thursday. Booking.com Skift Take: Falling victim to the so-called law of large numbers, Booking Holdings saw its total revenues for the first quarter drop 3 percent from the prior … [Read more…]

Expedia Faces Stiff Headwinds in Rebranded Short-Term Rental Business

Expedia Group’s short-term rental business struggled in the first quarter of 2019. Olivia Carville / Bloomberg Skift Take: When Expedia announced the acquisition of HomeAway in 2015, then-CFO Mark Okerstrom called it “a huge opportunity on a go-forward basis.” Today, it still is, but now-CEO Okerstrom said the short-term rental business must strive to gain … [Read more…]

Google Adds Vacation Rentals to Evolving Hotel Site

Google announced it would be offering vacation rentals like this HomeAway lodging. HomeAway Skift Take: The new feature is clean, intuitive, and easy to use. As Google’s booking platform rapidly expands, it’s only a matter of time before it becomes the go-to booking site for all things travel. — Isaac Carey Slim Leather Travel Passport … [Read more…]