Travelers booking flights and hotels from Expedia in a co-branded feature in the Afterpay app can now choose to pay in four interest-free payments over six weeks, Expedia announced.
25.08.2023 - 14:08 / skift.com / Dara Khosrowshahi / Dennis Schaal
Expedia Group has 10 consumer brands, but its marketing strategy shifted starting in late 2021 to emphasize three core brands above all others: Expedia, Hotels.com and Vrbo.
That’s one of several interesting takeaways from Expedia Group’s 2022 10-K financial report, which was published Friday.
Expedia Group considers Expedia the full-service travel brand as it offers stays, flights, car rentals, packages, things to do, and cruises.
The company looks at Hotels.com as the singly focused lodging marketer with its hotels, homes, apartments, villas, and hostels.
Vrbo is the whole homes vacation rental brand.
In addition to their main U.S. market, these three brands have localized websites around the world, although most of Expedia Group’s revenue in 2022 came from the U.S. (See more below.)
In the financial filing, Expedia Group stated: “While we maintain a large portfolio of consumer brands, we put the majority of our marketing efforts towards our three core consumer brands: Expedia, Hotels.com, and Vrbo.”
That’s a shift from the company’s 2021 10-K, which cites the Group’s “extensive portfolio of consumer brands.”
The other still-running but now de-emphasized consumer brands include Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com, and CarRentals.com.
In 2018, Skift did an explainer on Expedia Group’s then far-flung 23 brands, including consumer and business-to-business brands. The company has shed several of those brands since Peter Kern became CEO in 2020, namely Egencia, SilverRail, Classic Vacations, Alice, and others.
Under the prior Expedia Group leadership of Dara Khosrowshahi and Mark Okerstrom, many of Expedia Group’s consumer brands had their own marketing teams that sometimes competed against one another, but under Kern the marketing employees now work in unison, or at least that’s the way officials tell it.
The idea is that focusing on the three core consumer brands would reap greater results than a more scattershot approach.
So witness the fact that Vrbo made a return appearance with a Super Bowl spot on Sunday, iSpot.tv estimated that Expedia.com was the third-highest advertising spender on U.S. national TV during the first 11 months of 2022, and Hotels.com kicked off a new ad campaign, Find Your Perfect Somewhere last year, and refreshed it in January.
In video and TV formats, at least, Orbitz and Hotwire haven’t debuted new spots since 2021.
It will be interesting to see how the emphasis on Expedia, Hotels.com and Vrbo and the playing down of the Orbitz brand will mesh with Expedia Group’s pending launch of a consolidated loyalty program, One Key, which was to combine the Expedia, Hotels.com and Orbitz loyalty programs into one plan, and expand it to Vrbo, as
Travelers booking flights and hotels from Expedia in a co-branded feature in the Afterpay app can now choose to pay in four interest-free payments over six weeks, Expedia announced.
To hear Expedia Group officials tell it, 2023 is shaping up as a year when lots — but not all — of the tough, behind-the-scenes tech work will have been completed, and the company will start to reap the benefits.
A research report found that Expedia Group has lost global hotel market share since the onset of the pandemic, and all of it has come from plunging business at non-core brands, such as Hotwire, eBookers, Orbitz and Travelocity.
Rumors have surfaced on social media that Expedia Group would announce this Thursday during its fourth quarter earnings call that customers would no longer be able to book vacation rentals on Expedia.com — but that’s not going to happen because it would be self-sabotage.
Tripadvisor is overturning the management structure of its operational teams to address a lack of execution and product deficiencies in its core business, which includes click-based hotel advertising, subscriptions and display ads, experiences and dining.
Tripadvisor filled in the blanks, naming two executive appointments to flesh out a reorganization of its core business that the company disclosed during its fourth quarter earnings call a week ago.
Five years ago, Airbnb toyed with the idea of launching a a “superguest” loyalty program, but CEO Brian Chesky seemed to shoot down the notion of a rewards program a couple of weeks ago.
Good morning from Skift. It’s Wednesday, March 1. Here’s what you need to know about the business of travel today.
In the perennial quest to turn bargaining-hunting travelers with little brand loyalty into customers making bookings and generating revenue through paid advertising, Airbnb widened its already substantial advantage in 2022 over rivals Booking Holdings and Expedia Group.
Expedia Group executives such as CEO Peter Kern and Chairman Barry Diller have long railed against Google’s inordinate dominance in travel advertising, but now Kern is hoping that the emergence of generative AI companies and other emerging technologies may lead to diminished dependence.
Expedia Group and Mastercard are teaming to power a loyalty points redemption program that enables banks and credit unions that issue Mastercards to enable their cardholders to redeem credit card loyalty points after booking Expedia-provided trips.
Expedia Group officials hope that its Hotels.com brand, which migrated its technology to the Expedia platform last year and saw 20 percent growth in gross bookings in the first quarter of 2023, is a model for good things to come for its Vrbo vacation rental brand this year and beyond.