Expedia to Deliver Early Payday to Private Equity Investors

Expedia Group is looking to refinance $3.2 billion in private equity debt at a lower interest rate. Getty Images Skift Take: It’s no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company’s private equity debt a day later. Hey, whether you are a … [Read more…]

Expedia Shareholders Reject Proposal to Require Greater Disclosure of Company’s Political Donations

The U.S. Capitol as seems on January 18, 2017. Expedia shareholders rejected a proposal to provide more transparency about political contributions. Geoff Livingston / Flickr.com Skift Take: Regarding this particular shareholder proposal on increased transparency about political contributions, the stockholder who mattered the most was Barry Diller. But if the political winds in the U.S. … [Read more…]

Booking Holdings Takes Solitary Path in Online Travel Debate Over Offering Financial Relief to Partners

Pictured is a Spring Airlines A320 bedecked as Booking.com as seen on July 7, 2018. Booking Holdings doesn’t have a financial relief program for travel partners growing out of the coronavirus crisis. Kwok Ho Eddie Wong / Flickr.com Skift Take: Booking Holdings may be calculating that partner memories aren’t exceedingly long. On the other hand, … [Read more…]

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Pictured is an apartment building that was managed by Vacasa. Expedia Group shuttered its short-term rental service for buildings of this type. Vacasa Skift Take: Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn’t a core endeavor. That’s especially true when you consider how Covid-19 has decimated demand … [Read more…]

Expedia Group CEO Peter Kern on Navigating a Frenemy Relationship With Airbnb

Expedia Group CEO Peter Kern is open to a partnership with Airbnb. Expedia Group Skift Take: Many companies won’t reopen for business when coronavirus ebbs, but two that will definitely still be left standing will be Expedia Group and Airbnb. They could potentially find ways to cooperate in the face of bigger threats in the … [Read more…]

Expedia CEO Details Anti-Google Game Plan

Expedia’s new CEO, Peter Kern, wants to reduce the company’s reliance on Google marketing. Expedia Group Skift Take: Can Expedia Group wean itself away from Google, and avoid performance marketing spending when it doesn’t hit return on investment targets? New CEO Peter Kern said the coronavirus crisis presents an opportunity to chase these goals. Kern … [Read more…]

Travel’s Paralysis Will Hurt Google’s Advertising Business in Coming Months

Pictured is a Google office. The company forecasts a difficult second quarter for its advertising business. Associated Press Skift Take: Google’s advertising business slowed in March as the pandemic kicked in globally. The second quarter, which ends in June, could be worse, and travel advertisers doing everything they can to conserve cash will be one … [Read more…]

Expedia’s Barry Diller Characterizes Removing Middle Seats on Airplanes as ‘Absurd’

Barry Diller on Face the Nation said the economy is in the “teething” stages of recovery on April 26, 2020. Skift Skift Take: Barry Diller let it rip on Sunday in a wide-ranging interview on the pandemic, calling President Trump a “witch doctor” for his coronavirus treatment recommendations. Whether the subject is Trump or regulation … [Read more…]

Expedia Grabs $3.2 Billion in Private Equity Financing and Appoints Peter Kern CEO

Peter Kern was appointed CEO of Expedia Group Expedia Group Skift Take: Barry Diller followed a familiar pattern and appointed someone he’s known for years and feels comfortable working with as CEO. Peter Kern will have no trouble working with Apollo and Silver Lake, and with making deep cuts because he is a private equity … [Read more…]

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Pictured is Expedia Group chairman Barry Diller. Two private equity firms may invest in the company to get it through the coronavirus pandemic. Patrick Fallon / Bloomberg Skift Take: Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood … [Read more…]