) recently introduced three new features with the intention of
helping customers through the travel planning process, namely
Flight Recommendations, Itinerary Sharing and Scratchpad.
The Flight Recommendations feature will help in analyzing more
than three billion flight searches performed on Expedia and apply
insights to real-time customer search queries, suggesting
alternative airports, dates or time of travel in the process.
Scratchpad stores and organizes a customer's search queries for
easy retrieval. Thus, it saves time for users as they no longer
need to start from scratch each time they perform a search. It
can also help them to take well-informed decisions through
customized emails when prices change.
Through Itinerary Sharing, it will be easier for users to share
their live itineraries with their near and dear ones. Friends of
users can now have access to the same notifications as the user,
thus making it easier for them to track flight timings.
These features and product updates are a proof of Expedia's
commitment to providing the best consumer resources that
technology can offer.
Expedia, Inc. is one of the world's leading travel services
companies. The company provides wholesale travel to offline
retail travel agents. Expedia reported third-quarter revenues of
$1.40 billion, up 16.3% sequentially and 16.9% year over year.
Expedia reported a strong third quarter, driven by growth in the
online travel booking industry. Additionally,
) transition to the metasearch model appears successful, which
had a positive impact in the last quarter. As a result, selling
and marketing costs are coming down. However, Expedia is expected
to continue its investments in international markets owing to the
higher growth potential in these markets.
Of course, in every region, the company will continue to face
challenges from players like
), as well as a growing number of other local players that could
make expansion more difficult.
Currently, Expedia has a Zacks Rank #3 (Hold).
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