Expedia to focus on faster growth fueled by tech work
Instead of spending most of the year doing surgery on its own business, the company we'll be focused on growth, innovation and efficiency in 2024
With its tech migration and OneKey launch in the rear view, Expedia Group CEO Peter Kern said the company is now well positioned to drive even "faster and more profitable growth" in 2024, Expedia Group CEO Peter Kern said during the company's Q3 earning call.
Key takeaways
- Kern acknowledged the effort to get to this point took many years and the company had to give up "many short- term opportunities," but he said it is now in a position to go "back on offense;"
- "No one in travel is innovating faster than us, and with so much important platform work behind us ... we will out-innovate in the space for many years to come;"
- Specifically, Kern said he expects to see Vrbo's share of bookings in the vacation rental sector to improve, in part due to the "core differentiation" that OneKey provides.
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