Expedia, Inc.
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| Expedia, Inc. | |
|---|---|
| Type | Public (NASDAQ: EXPE) |
| Founded |  1995 (As a group in Microsoft - Redmond WA) |
| Headquarters | Bellevue, Washington, USA |
| Key people | Barry Diller, Chairman Dara Khosrowshahi, CEO |
| Industry | Travel, Technology |
| Products | Expedia.com Classic Vacations Hotels.com Hotwire.com Tripadvisor Egencia |
| Revenue | $2.665 billion (2007) |
| Employees | 7200 (2007) |
| Website | expediainc.com |
Expedia, Inc. (NASDAQ: EXPE) is an American company headquartered in Bellevue, Washington that operates the Expedia travel website, along with other travel-related properties including Hotels.com. The company serves customers in Australia, Canada, France, Germany, Italy, Japan, the Netherlands, Norway, Spain, Sweden, the United Kingdom, the United States, and now India and New Zealand. It is part of both the S&P 500 and NASDAQ-100 stock market indices.
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[edit] History
Founded as a division of Microsoft in October 1996,[1] Expedia was spun off in 1999, and was later purchased by USA Networks in 2001[2] (USA changed its name to InterActiveCorp in 2003[3]). IAC spun off its travel group of businesses under the Expedia, Inc. name in August 2005, including Expedia, Expedia Corporate Travel (now Egencia), TripAdvisor, Classic Vacations, eLong, Hotels.com, and Hotwire.com.[4]
[edit] Key people & Alumni
[edit] Officers & directors
- Barry Diller: Chairman of the Board, Senior Executive
- Dara Khosrowshahi: CEO, Director
- Victor A. Kaufman: Vice Chairman of the Board
- Michael B. Adler: Chief Financial Officer, Executive Vice President
- Burke F. Norton: Executive Vice President, General Counsel, Secretary
- Kathleen K. Dellplain: Executive Vice President - Human Resources
- Patricia L. Zuccotti: Senior Vice President, Chief Accounting Officer, Controller
- Pierre V. Samec Ph.D.: Chief Technology Officer
- A. George Battle: Director
- Jonathan L. Dolgen: Director
[edit] Products
[edit] Classic Vacations
[edit] Egencia
Previously known as Expedia Corporate Travel.
[edit] eLong
[edit] Expedia
[edit] Hotels.com
[edit] Hotwire
[edit] TripAdvisor
[edit] Competitors
[edit] Acquisitions
Since the company was spun off in 1999 Expedia performed a number of acquistions even prior to itself being acquired by IAC (at the time USAI).
The acquistions include:
- TravelScape acquired for $95 million in stock — February 2000
- VacationSpot.com acquired for $82 million in stock — February 2000
- Classic Custom Vacations for $52 million in cash and stock — January 2002
- Metropolitan travel was acquired in July 2002. At that point IAC owned a controlling stake in Expedia, but not the entire company
- Newtrade technology was acquired in October 2002
- Activity world was acquired in March 2004 (Hard to find any trace of it now)
[edit] Locations
Expedia, Inc. maintains headquarters in Bellevue, Washington (Sunset North Campus — I-90 corridor). The lease expires in December 2008, when the headquarters will move to downtown Bellevue, WA. At the new location, Expedia has leased 15 floors (3 to 18) of a 20 floor building called Tower 333, currently under construction by Hines.[citation needed] Initially, it was widely speculated that Google wanted to occupy most of the building, but a crane accident in 2006 caused delay and Google backed out of the project.[citation needed]
[edit] Accolades
Recently Expedia featured in the most admired Internet companies in the United States list, released by Fortune. Expedia ranked 3rd, after IAC and Google, and was followed by Amazon.com at 4th place. [5]
[edit] References
- ^ The 'Net Magazine, March 1997 issue, "Where Do You Really Want To Go Today?", page 21.
- ^ Expedia Press Room - Press Releases
- ^ USA Interactive to Change Name to InterActiveCorp iac.com
- ^ IAC Completes Spin-Off of Expedia, Inc., ExpediaInc.com, press release
- ^ America's Most Admired Companies 2008: Industry: Internet Services, Retailing | FORTUNE
