Expedia CEO on Summer Travel Trends, Earnings

The transcript discusses the impact of inflation on travel demand, noting that despite concerns, travel bookings remain strong. It highlights post-COVID travel trends, with a shift from consumer goods to services like travel. A comparison with Airbnb shows differing recovery levels, with Airbnb surpassing pre-pandemic levels in urban areas. Expedia's new Open World ecommerce platform aims to expand its B2B services by offering microservices to partners, enhancing travel commerce capabilities.

What is the current impact of inflation on travel bookings according to the speaker?

• Inflation has slightly increased travel bookings.

• Inflation has had no impact on travel bookings.

• Inflation has significantly reduced travel bookings.

• Inflation has caused a shift from international to domestic travel.

How has the recovery of alternative accommodations like Verbo and Airbnb been described?

• They have not yet reached pre-pandemic levels.

• They have only recovered in rural areas.

• They have seen robust growth, especially in urban areas.

• They have struggled to recover post-COVID.

Which region is mentioned as still being under pre-pandemic levels due to ongoing restrictions?

• South America

• North America

• Europe

• APAC

What is the main goal of Expedia's new open world ecommerce platform?

• To focus solely on B2C business.

• To externalize Expedia's technology into microservices for partners.

• To eliminate the need for travel agents.

• To reduce travel costs for consumers.

How does Expedia plan to expand its B2B partnerships?

• By focusing on luxury travel segments.

• By turning their technology stack into microservices.

• By providing a complete travel package solution.

• By offering discounts to partners.