Here's How Expedia Is Boosting Its Corporate Travel Arm, Egencia

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Egencia, Expedia's corporate travel arm, is undergoing an internal restructuring as a part of its 10 year growth plan, according to Skift . This might include the company being divided into two global divisions rather than the existing segregations of Americas, Asia Pacific, and EMEA (Europe, Middle East, and Africa) divisions. Egencia is among the top 5 corporate travel companies globally.

The main reason for this simplification might be the smooth movement of the business along with its innovative product development team, which is one of the most progressive in the corporate travel arena. The changes had been recently announced and is expected to be fully implemented by the end of this year.

Expedia is really keen on the expansion of its corporate travel arm. A few months back Expedia's CEO Dara Khosrowshahi hinted that the company might be looking for acquisition targets, particularly in the corporate travel sector. He also mentioned about the existing opportunities of consolidation in the corporate travel sector, particularly because the smaller players lack the funds to invest in technology. Expedia currently enjoys around 450 million monthly visitors to its websites and hence it gives the company good opportunities to cross sell its travel products.

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This article appears in: Investing , Stocks , US Markets , Investing Ideas
Referenced Symbols: EXPE , PCLN , TRIP , TZOO , CTRP

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