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In February 2020, Expedia announced it was cutting 3,000 jobs, roughly 12% of the workforce, citing a "disappointing 2019." Diller, in his role as acting CEO, stated the company had become "sclerotic and bloated" and that employees were "all life and no work." [14] In April 2020, Peter Kern was appointed as CEO of Expedia Group.
Expedia Inc. is an online travel agency owned by Expedia Group, based in Seattle. [1] The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. Expedia.com was launched on October 22, 1996 by Microsoft. [2]
Some examples of websites that use a combination of travel reviews and the booking of travel are TripAdvisor, Priceline.com, Liberty Holidays, and Expedia. Service providers Individual airlines , hotels , bed and breakfasts , cruise lines , automobile rental companies, and other travel-related service providers often maintain their own web ...
Hotwire first launched with opaque airline tickets. The company started selling opaque hotels and rental cars a few months later. [citation needed] Package offerings started in 2003. In 2004, Hotwire began to offer select retail travel products. In June 2007, Hotwire removed all airfare booking fees. [citation needed]
In 2016, Gogobot, a travel booking and research company founded by entrepreneurs Travis Katz and Ori Zaltzman in 2010, acquired the Trip.com brand from Expedia and rebranded the service as Trip.com. [3] In November 2017, Ctrip acquired Trip.com. [4] At that time, Trip.com had more than 60 million users. [5] [6]
In January 2015, the app was launched with functions such as flight price prediction and real-time price monitoring. [7] In March 2016, $62 million was received in funding to further develop its airfare prediction algorithm. [8] A year later, in 2017, the company expanded its platform by adding a hotel booking service. [9]
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