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Airbnb to Activist Investor Bill Ackman Offering to Help It Go Public: Thanks, but No Thanks

Airbnb’s offices. Executives have decided for now to not take up Bill Ackman on his offer to help them take Airbnb public. Skift Skift Take: Airbnb has options for going public, and anything can change, but the roadmap currently points to a traditional public offering as the most-likely scenario. — Dennis Schaal Read the Complete […]

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Expedia Group’s Advertising Platform Welcomes Vrbo to Its Portfolio

Skift Take: Vrbo is one of the only major short-term rental platforms with advertising opportunities. This, combined with its valuable, high-spending audience of family and group travelers, will likely make it an appealing offering to brands. — Read the Complete Story On Skift

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6 Takeaways From Airbnb’s Manifesto on Stakeholder Capitalism Ahead of Davos

Airbnb won’t be at the World Economic Forum in Davos this year, but it had a few things to same about the 2020 theme of stakeholder capitalism. Visual Hunt Skift Take: Airbnb has legions of critics, and it knows that its articulated stakeholder goals will get intense scrutiny. But if the company turns some of […]

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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 […]

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CEO Hints Booking Holdings Is Ready to Buy More Companies

One part of the lobby of the headquarters in Amsterdam. The online travel agency is the largest unit in Booking Holdings, which reported earnings on Thursday. 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 […]

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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 […]