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Asia Pacific Travel Trends 2017
ASIA PACIFIC TRAVEL TRENDS 2017 Travel Habits, Behaviours, and Influencers of Chinese, Japanese, and Australian Travellers METHODOLOGY Data Collection Method ONLINE SURVEY Quantitative Survey Field Work 30 March – 7 April 2017 Qualifying Criteria Must have booked online travel in the past year Sample Size China: n=1000 Japan: n=1001 Australia: n=1000 Total: n=3001 2 LAST TRIP LOOK BACK BY COUNTRY NUMBER OF Number of Trips Taken in the Past Year TRIPS PER YEAR VARIES SIGNIFICANTLY 5.3 4.4 BETWEEN 4.3 THE THREE 3.3 COUNTRIES The Chinese know how to travel, taking the most amount of trips per year TOTAL China Japan Australia 4 Trips in the Past Year TRAVELLERS FROM ALL THREE 5.3 COUNTRIES TAKE, ON 4.4 AVERAGE, MORE 3.3 3.1 3.2 THAN 4 TRIPS A YEAR 2.5 2.1 The Japanese and Chinese take roughly the 1.4 same amount of personal trips 0.8 The Chinese take the most business trips Total Business Personal Notable Country Difference China Japan Australia Q9: Typically, how many personal/leisure and business trips do you take per year? Q10: What types of vacations have you taken in the past year? 5 Total (n=3001) China(n=1000) Japan (n=1001) Australia (n=1000) TIME SPENT ON Time Spent on Vacation VACATION for THE THREE 10.6 COUNTRIES 6.7 ALSO VARIES 6.3 WIDELY 3.4 Australians take the longest trips by far The Japanese take the shortest vacations TOTAL China Japan Australia 6 27% 14% AUSTRALIANS TRAVELLERS ARE THE MOST LIKELY TO TRAVEL INTERNATIONALLY 73% 86% The Japanese are the most likely to travel domestically 45% 29% In general, the three countries -
2018-Annual-Report-(Final).Pdf
TM 2018 ANNUAL REPORT TM TM TM BOARD OF DIRECTORS OFFICERS STOCKHOLDER INFORMATION Annual Meeting Barry Diller Barry Diller Chairman and Senior Executive Expedia Chairman and Senior Executive The annual meeting of stockholders Group, Inc. and IAC/InterActiveCorp will be held via audio webcast on Peter M. Kern December 3, 2019 at 10:30 a.m. Peter M. Kern Vice Chairman Eastern Time Vice Chairman Online audio webcast: Expedia Group, Inc. Mark D. Okerstrom www.virtualshareholdermeeting.com/ Chief Executive Officer EXPE2019 Samuel Altman and President Chief Executive Officer Stock Market Listing Open AI Alan R. Pickerill Expedia Group, Inc.’s common stock Executive Vice President and is traded on the Nasdaq Global Select Susan C. Athey Chief Financial Officer Market under the symbol “EXPE.” Economics of Technology Professor Stanford Graduate School of Business Robert J. Dzielak Registrar and Transfer Agent Chief Legal Officer and Secretary Computershare A. George (Skip) Battle Stockholder correspondence should Chairman Lance A. Soliday be mailed to: Fair Isaac Corporation Senior Vice President, Computershare Chief Accounting Officer P.O. Box 505000 Chelsea Clinton and Controller Louisville, KY 40233 Vice Chair Clinton Foundation Overnight correspondence should be mailed to: Craig A. Jacobson Computershare Partner 462 South 4th Street Suite 1600 Hansen, Jacobson, Teller, Hoberman, Louisville, KY 40202 Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P. Computershare stockholder website: https://www-us.computershare.com/- Victor A. Kaufman investor Vice Chairman IAC/InterActiveCorp Computershare stockholder online inquiries: Dara Khosrowshahi https://www-us.computershare.com/- Bringing the world Chief Executive Officer Investor/Contact Uber Technologies, Inc. Computershare within reach Mark D. -
Influencers Throughout the Travel Booking Path to Purchase
Traveler’s PATH TO PURCHASE METHODOLOGY ▶ Expedia Media Solutions commissioned comScore to conduct a study on travel path to purchase in the United Kingdom, United States and Canada ▶ comScore blended online travel behavioral data with data collected through a custom survey Custom Survey Qualifications Behavioral Data Sources • Age 18+ • comScore PC Panel (2MM devices worldwide) • Live in UK, US or Canada (each country required • comScore Mobile Panel (20,000 devices) For each market being analyzed) • comScore Multi-PlatForm • Booked travel online within the past 6 months • comScore Census Tags (>1.5 trillion events monthly) • Survey yielded: • United Kingdom: 817 total completes • United States: 805 total completes Survey Statistical Reliability • Canada: 815 total completes • A sample oF 800 is reliable within ±3.5% points at a • Fielding dates: March 14 – 23, 2016 95% conFidence interval • A sample oF 500 is reliable within ±4.4% points at a 95% conFidence interval 2 DIGITAL TRAVEL CONTENT CONSUMPTION TRENDS 3 50 MILLION 258 MILLION 30 MILLION DIGITAL UK USERS DIGITAL US USERS DIGITAL CANADA CONSUMING CONSUMING USERS CONSUMING 239 BILLION 1.5 TRILLION 148 BILLION DIGITAL MINUTES DIGITAL MINUTES DIGITAL MINUTES EACH MONTH EACH MONTH EACH MONTH Data Source: comScore Media Metrix Multi-PlatForm Reporting, April 2016 data, Unique Visitors & Total Minutes. 4 75% MORE THAN 70% DIGITAL UK USERS 60% DIGITAL CANADIAN CONSUME TRAVEL DIGITAL US USERS USERS CONSUME CONTENT CONSUME TRAVEL TRAVEL CONTENT CONTENT Data Source: comScore Media Metrix Multi-PlatForm Media Trend Reporting, UK, US, CA, January 2015 – April 2016 data, Total Minutes. 5 2.4 BILLION 8.7 BILLION 806 MILLION MINUTES MINUTES MINUTES SPENT ON DIGITAL SPENT ON DIGITAL SPENT ON DIGITAL TRAVEL CONTENT TRAVEL CONTENT TRAVEL CONTENT IN THE UK IN THE US IN CANADA 44% INCREASE 41% INCREASE 18% INCREASE YEAR OVER YEAR YEAR OVER YEAR YEAR OVER YEAR Data Source: comScore Media Metrix Multi-PlatForm Media Trend Reporting, UK, US, CA, January 2015 – April 2016 data, Total Minutes. -
Expedia Group Inc at Morgan Stanley Technology, Media & Telecom
Client Id: 77 THOMSON REUTERS STREETEVENTS EDITED TRANSCRIPT EXPE - Expedia Group Inc at Morgan Stanley Technology, Media & Telecom Conference EVENT DATE/TIME: FEBRUARY 25, 2019 / 7:15PM GMT THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2019 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. Client Id: 77 FEBRUARY 25, 2019 / 7:15PM, EXPE - Expedia Group Inc at Morgan Stanley Technology, Media & Telecom Conference CORPORATE PARTICIPANTS Mark D. Okerstrom Expedia Group, Inc. - President, CEO & Director CONFERENCE CALL PARTICIPANTS Brian Thomas Nowak Morgan Stanley, Research Division - Research Analyst John Frank PRESENTATION Brian Thomas Nowak - Morgan Stanley, Research Division - Research Analyst All right. Well good morning, everyone for the final keynote we have this morning of Day 1. So before we get started, we have Mark Okerstrom here from the Expedia Group. So thank you so much, Mark, for joining us. Mark D. Okerstrom - Expedia Group, Inc. - President, CEO & Director Great to be here. I have disclosures to read. Brian Thomas Nowak - Morgan Stanley, Research Division - Research Analyst Yes. Here we are. Please note that all important disclosures, including personal holding disclosures and Morgan Stanley disclosures, appear on the Morgan Stanley public website at www.morganstanley.com/researchdisclosures or at the registration desk. So Mark, you've been President and CEO of Expedia since August of 2017. Previous to that, you were the CFO and had a variety of roles throughout the company. -
Kayak Puts Travel in the Spotlight with Dropbox for Business
Case Study Kayak puts travel in the spotlight with Dropbox for Business Kayak is a travel website that was co-founded by Expedia, Travelocity, and Orbitz to provide one convenient place for consumers to get the widest range of choices in flights, hotels, rental cars, and other travel deals. Results from hundreds of travel sites can be compared in one comprehensive, intuitive display at kayak.com. Paddling Upstream Organization: Kayak With a vast inventory of continually changing travel options and opportunities, the Requirements content on Kayak’s website is in perpetual motion. Dozens of employees on the • A simple-to-navigate file product development team work to keep the site up-to-date so that users have the storage repository most seamless experience possible. Product designs are updated regularly as they • Freedom from complicated pass through the hands of designers, product managers, and developers on sharing processes the team. • File editing without uploads Initially, the company tried to use a server to support this cycle, but according to and downloads Bill O’Donnell, Chief Architect and SVP of Mobile Products for Kayak, “The VPN was slow, difficult to connect to, and, frankly, just a pain in the neck.” Kayak’s Linux server Solution: Dropbox for Business wasn’t right, as it didn’t allow files to be easily edited, organized, and reloaded. O’Donnell adds, “We have an enormous website filled with manually created files. Results Over time, we’ve ended up with hundreds of thousands of designs on the server that • Improved organization of files are hard to navigate through, because you can’t sort or search through them.” • Shorter, more seamless project cycles “Dropbox for Business gives us a secure, unified place • Significant reductions in to store all of our work, and helps reverse the friction workflow friction that can come with having hundreds of computers in one company.” Bill O’Donnell, Chief Architect and SVP of Mobile Products, Kayak The company needed a simple solution that would let team members access and update files without friction. -
Expedia, Inc. (EXPE) Morgan Stanley Technology, Media And
Expedia, Inc. Morgan Stanley Technology, Media and EXPE Telecom Conference Mar. 3, 2014 Company▲ Ticker▲ Event Type▲ Date▲ PARTICIPANTS Corporate Participants Mark D. Okerstrom – Chief Financial Officer & Executive Vice President, Expedia, Inc. Other Participants Scott W. Devitt – Analyst, Morgan Stanley & Co. LLC MANAGEMENT DISCUSSION SECTION Scott W. Devitt, Analyst, Morgan Stanley & Co. LLC We’re going to kick it off. I’m Scott Devitt, Morgan Stanley’s consumer Internet analyst. Very happy to have Mark Okerstrom, CFO of Expedia, with us today, made the flight down from Seattle, and we appreciate you being here. Mark D. Okerstrom, Chief Financial Officer & Executive Vice President Great to be here. www.CallStreet.com • 1-877-F ACTS ET • Copyright © 2001-20 14 CallStreet 1 correctedtranscript Expedia, Inc. Morgan Stanley Technology, Media and EXPE Telecom Conference Mar. 3, 2014 Company▲ Ticker▲ Event Type▲ Date▲ QUESTION AND ANSWER SECTION <Q – Scott Devitt – Morgan Stanley & Co. LLC>: Thanks. We know Expedia is one of the largest global online travel agencies and the biggest in the U.S. You’ve had a lot of successes in 2013. The stock’s done very well. As you look into 2014, how do you think the business is positioned and what are the top priorities for 2014? <A – Mark Okerstrom – Expedia, Inc.>: Sure. Great question. Well, we feel good about how we’re positioned in 2014. A lot of the big investments that we’ve made are now behind us. We’re in a position where across our core global leisure brands, Brand Expedia, Hotels.com, EAN, our private label business, they’re really in growth-and-scale mode. -
Steamfitters Local 449 Pension Plan V. Diller Et
EFiled: Jul 29 2019 05:08PM EDT Transaction ID 63637764 Case No. 2019-0571-JTL IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE STEAMFITTERS LOCAL 449 PENSION PLAN, directly on behalf of itself and all other similarly situated stockholders of EXPEDIA GROUP INC. and derivatively on behalf of EXPEDIA GROUP INC., Plaintiff, C.A. No. 2019-0571-JTL v. BARRY DILLER, SUSAN ATHEY, A. Public Redaction Version GEORGE BATTLE, COURTNEE Filed July 29, 2019 CHUN, CHELSEA CLINTON, PAMELA COE, JONATHAN DOLGEN, ALEX VON FÜRSTENBERG, CRAIG JACOBSON, VICTOR KAUFMAN, PETER KERN, DARA KHOSROWSHAHI, MARK OKERSTROM, CHRISTOPHER SHEAN, and THE DILLER FOUNDATION D/B/A THE DILLER – VON FURSTENBERG FOUNDATION, Defendants, -and- EXPEDIA GROUP INC. Nominal Defendant. VERIFIED CLASS ACTION AND DERIVATIVE COMPLAINT Plaintiff Steamfitters Local 449 Pension Plan (“Plaintiff”), directly on behalf of itself and all other similarly situated holders of Expedia Group Inc. (“Expedia” or the “Company”) common stock and derivatively on behalf of the Company, brings the following Verified Class Action And Derivative Complaint (the “Complaint”) against the defendants named herein for breaches of fiduciary duty in their capacities as officers, directors, and/or controlling stockholders of Expedia and unjust enrichment. The allegations of the Complaint are based on the knowledge of Plaintiff as to itself, and on information and belief, including the investigation of counsel, the review of publicly available information, as to all other matters. NATURE OF THE ACTION 1. This entire fairness action arises out of Barry Diller’s latest attempt to pass his outsized voting influence over a publicly traded Delaware corporation to his unqualified stepson, Alexander von Furstenberg (“AVF”). -
Expedia Inc and Homeaway Inc Conference Call to Discuss the Acquisition Transaction Call
THOMSON REUTERS STREETEVENTS EDITED TRANSCRIPT EXPE - Expedia Inc and HomeAway Inc Conference Call to Discuss the Acquisition transaction Call EVENT DATE/TIME: NOVEMBER 04, 2015 / 9:45PM GMT OVERVIEW: EXPE announced that it has agreed to acquire HomeAway for an equity value of approx. $3.9b in cash and EXPE common stock. THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2015 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. NOVEMBER 04, 2015 / 9:45PM, EXPE - Expedia Inc and HomeAway Inc Conference Call to Discuss the Acquisition transaction Call CORPORATE PARTICIPANTS Alan Pickerill Expedia, Inc. - VP of IR Dara Khosrowshahi Expedia, Inc. - President & CEO Brian Sharples HomeAway - Founder & CEO Mark Okerstrom Expedia, Inc. - CFO & EVP of Operations CONFERENCE CALL PARTICIPANTS Eric Sheridan UBS - Analyst Kevin Kopelman Cowen and Company - Analyst Paul Bieber BofA Merrill Lynch - Analyst Rohit Kulkarni RBC Capital Markets - Analyst Lloyd Walmsley Deutsche Bank - Analyst Jed Kelly Oppenheimer & Co. - Analyst Mike Olson Piper Jaffray & Co. - Analyst Heath Terry Goldman Sachs - Analyst Justin Patterson Raymond James - Analyst Tom White Macquarie Research - Analyst Chris Merwin Barclays Capital - Analyst Nat Schindler BofA Merrill Lynch - Analyst Naved Khan Cantor Fitzgerald - Analyst Brian Fitzgerald Jefferies LLC - Analyst PRESENTATION Operator Good day and welcome to the Expedia announces acquisition of HomeAway conference. Today's conference is being recorded. At this time, I would like to turn the conference over to Alan Pickerill. -
Booking Holdings Market Cap: $85B (As of December 24, 2019) Vacasa Total Funding to Date*: $526.5M
TRAVEL ZEITGEIST 2019 Travel Zeitgeist recaps seminal developments in the travel, tourism and hospitality industry from 2019. The year 2019 witnessed significant shifts and strains in the industry. From companies launching new products to forming strategic partnerships, industry projections and innovations, to securing mega-funding to heightened corporate development activities, challenges to business models and prominent high-level exits – the industry’s landscape altered month-after-month. The following slides offer a high-level view of the major headlines and trendlines in 2019, and what it could lead to in 2020. JANUARY Sankar Narayan, CEO, SiteMinder Akbar Al Baker, Group CEO, Qatar Airways SiteMinder Total Funding to Date*: $35.1M FEBRUARYFEBRUARY Ritesh Agarwal, Founder & CEO, OYO Rooms Alan Joyce, CEO, Qantas Airlines OYO Total Funding to Date*: $3.2B Qantas Market Cap: A$11.02B (As of December 24, 2019) MARCH L-R: Mudassir Sheikha, Co-Founder & CEO of Careem and Projected CAGR of 17.06% from $3.6B in 2018 to $23.7B by Dara Khosrowshahi, CEO, Uber 2030. Uber Market Cap: $52B (As of December 24, 2019) Boeing Market Cap: $190B (As of December 24, 2019) Grab Total Funding to Date*: $9.1B APRIL Uber Market Cap: $52B (As of December 24, 2019) L-R (Top): Fritz Demopoulos, Tao Tao, Alex Finkelstein, Johannes Reck, Kees Koolen and Philipp Freise. GetYourGuide Total Funding to Date*: $654.5M L-R (Bottom): Eric Gnock Fah, Ethan Lin, Bernie Xiong Alibaba Market Cap: $577B (As of December 24, 2019) Klook Total Funding to Date*: $521.5M MAY -
Beats Forecast
$1.1BN DEAL | Page 4 BA OWNER | Page 9 French retailer IAG operating Casino to sell profi t up Big C Vietnam to €155mn Saturday, April 30, 2016 Rajab 23, 1437 AH HIGHER OIL LIFTS OUTLOOK: Page 12 US, eurozone GULF TIMES infl ation expectations BUSINESS diverge German banks see no quick pick up Opec oil output near in Iran business Reuters January in return for the Berlin Islamic Republic complying with a deal to curb its nuclear ambitions. Restoring German banks’ German Economy Minister record high in April financial ties with Iran will Sigmar Gabriel will co-chair take time given debt owed an economic conference Supply rises by 170,000 produce Murban crude. Of the to Berlin and transparency with Iranian counterpart Ali bpd to 32.64mn bpd; Iranian countries that reduced output, concerns, the head of the Tayyebnia in Tehran May supply rises further after the largest decline was in Ku- German banking association 2-3, and German companies sanctions lifted; output wait due to a three-day work- said yesterday, dampening see the event as a potential climbs in Iraq; UAE pumps ers’ strike which temporarily expectations days before a catalyst for doubling exports more as maintenance ends; more than halved oil output and business summit in Tehran. to Iran to €5bn. But the strike hits Kuwait output; curbed refi nery operations. Iran owes Germany about German government has said Nigeria, Venezuela supply Nigerian output fell due to €500mn ($569mn) under guarantees for exports to Iran falls the continued lack of Forcados so-called Hermes covers, will not be renewed as long as crude exports and a brief dis- a German government Tehran’s debt is not paid. -
View PDF Document
OIG COMMENTS ON DOT STUDY OF AIR TRAVEL SERVICES Office of the Secretary Number: CC-2002-061 Date Issued: December 13, 2002 Memorandum U.S. Department of Transportation Office of the Secretary of Transportation Office of Inspector General Subject: INFORMATION: OIG Comments on DOT Study Date: December 13, 2002 of Air Travel Services, Office of the Secretary CC-2002-061 From: Kenneth M. Mead Reply to Attn. of: JA-50 Inspector General To: The Secretary The Deputy Secretary This report presents the results of our review of the Department of Transportation (Department) Study of Air Travel Services. On June 27, 2002, the Office of Aviation and International Affairs issued a report to Congress on its efforts to monitor air travel services related to Orbitz. The Office of Inspector General (OIG) was directed by the House and Senate Transportation Appropriations Subcommittees in the Conference Committee Report on the DOT Appropriations bill for Fiscal Year (FY) 20021 to evaluate and comment on the Department’s findings. We have reviewed the Department’s report and evaluated the reasonableness and accuracy of the Department’s analysis and conclusions. We selectively verified data cited in the report to the information submitted to the Department by Orbitz’ airline-owners, Charter and non-Charter Associates,2 Global Distribution Systems (GDSs), and online travel agencies. In addition, we held discussions with and reviewed supplemental data submitted by online and brick-and-mortar travel agencies, Department officials, GDSs, and large and small carriers. We also conducted tests of online travel agencies to determine the validity of some of the claims Orbitz’ critics have made. -
Deal of the Week: Expedia to Buy Orbitz for $1.38B
Deal of the Week: Expedia to buy Orbitz for $1.38B Announcement Date February 12, 2015 Acquirer Expedia Inc. (Nasdaq: EXPE) Acquirer Description Operates as an online travel company in the United States and internationally. Brands include Expedia.com, Hotels.com, Hotwire.com, Classic Vacations and Travelocity Founded in 1996 and headquartered in Bellevue, Washington Acquirer Financial Mkt Cap: $11.7 billion LTM EBITDA: $752.4 million Statistics EV: $11.3 billion LTM EV / Revenue: 1.9x LTM Revenue: $5.8 billion LTM EV / EBITDA: 15.1x Target Company Orbitz Worldwide (NYSE: OWW) Target Description Operates as an online travel company worldwide. Brand portfolio includes Orbitz and CheapTickets in the United States; ebookers in Europe; and HotelClub and RatesToGo internationally Founded in 2000 and headquartered in Chicago, Illinois Target Financial Mkt Cap: $1.3 billion LTM EBITDA: $139.2 million Statistics EV: $1.6 billion LTM EV / Revenue: 1.7x LTM Revenue: $932.0 million LTM EV / EBITDA: 11.2x Price / Consideration Price: $1.38 billion Consideration: Cash Target Advisor Qatalyst Partners Rationale Expedia said it expects the Orbitz deal, which has an enterprise value of $1.6 billion, to add 75 cents to earnings and generate cost savings of $75 million Acquiring Orbitz will bring not only that company’s namesake brand but also CheapTickets and HotelClub, as well as the corporate travel site Orbitz for Business “We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team,” said