Fly News Breaks for July 26, 2019
Jul 26, 2019 | 08:44 EDT
RBC Capital analyst Mark Mahaney raised his price target on Expedia to $177 and kept his Outperform rating after its Q2 results, saying the Bookings, Revenue, EBITDA an Room Nights growth all topped expectations. The analyst notes that while the Vrbo Bookings growth rate has slowed amid brand and platform changes, he still sees Expedia potentially accelerating its EBITDA as the company signals "subsiding" softness in its U.K. market following the Brexit decision delay.
News For EXPE From the Last 2 Days
Sep 17, 2019 | 07:38 EDT
Expedia (EXPE) and Marriott International (MAR) announced that as part of a new agreement signed in April, Expedia Group will become the exclusive global optimized distributor of Marriott's wholesale rates, availability, and content to a network of global travel providers, effective October 15. Through this agreement, Marriott will leverage Expedia Group's industry-leading technology and enterprise-level service to create a single gateway for the redistribution of Marriott's wholesale inventory.
Sep 16, 2019 | 09:03 EDT
Expedia Group (EXPE) announces that it has signed a new, multi-year agreement with United Airlines (UAL). This new agreement ushers in an expanded relationship, meeting the strategic objectives of both companies and benefiting travelers around the world. The agreement continues Expedia Group's leisure distribution with United, expands United's relationship with Expedia Partner Solutions, builds on United's relationship with Egencia, Expedia Group's corporate travel business, and the companies will work to expand cooperation into other areas in the near future.