Expedia chief executive Dara Khosrowshahi has told a US technology conference that the business is only at "the very, very early stages" of its development in Europe.
When asked whether Expedia could compete against Priceline Inc’s booking.com, Khosrowshahi said that the market in Europe was "huge".
Expedia and booking.com combined have only a 6% to 7% share of the overall European travel market, which he estimated to be worth $250m-$300bn, bigger than the US.
Read the full story at http://www.travolution.co.uk/articles/2010/01/08/3131/expedia-boss-sets-sights-on-europe.html
