Expedia, Inc. is one of the world's leading online travel companies with a network of travel sites that allow users to book vacations including airfare, car rentals, cruises, hotels and destination packages.
The Expedia, Inc. portfolio of brands includes: Expedia.com, hotels.com, Hotwire, CarRentals.com, Egencia, Expedia Local Expert, Classic Vacations, Venere and eLong.
There are Expedia-branded sites serving 30 countries. Hotels.com lets users book lodging at over 160,000 hotels worldwide.
In 2011, Expedia Inc. reported revenues of $3.45 billion, a 14% increase, and net income of $472.2 million. Total gross travel bookings for the year were $29.1 billion.
Total transactions for the year on Expedia properties were 72.8 million, an 11% increase.
Expedia employs 9.480 full-time and part-time employees worldwide across its network of brands, including approximately 2,180 employees of eLong, Inc., a Chinese subsidiary.
On December 20, 2011, Expedia spun off TripAdvisor as a separate publicly-traded company. TripAdvisor operates one of the world's leading travel review websites.
Expedia was originally founded by Microsoft in 1995. The company was then spun out from the software giant as an independent business in 1996. Expedia, Inc. first went public in 1999.
In 2001, USA Networks - now IAC/InterActiveCorp (IAC) - led by Barry Diller, bought a controlling stake in Expedia. Diller's company bought the remaining stake in the company in 2002. IAC has acquired and built a collection of leading businesses in categories across the entire spectrum of interactive commerce. In July 2005, IAC separated into two publicly traded companies: Expedia, Inc., and IAC. Barry Diller remains chairman and senior executive of IAC, as well as chairman of Expedia, Inc.
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Updated December 5, 2012