Is Expedia, with 150,000 hotels in the fold around the world, finally giving up in its race to outpace Priceline’s brands, which count more than 210,000 hotels in their portfolio?
Over the last couple of years, Expedia officials have emphasized how the company has been building up its global hotel inventory, but Dara Khosrowshahi, Expedia’s CEO, was singing a different tune during yesterday’s first quarter 2012 earnings call.
Expedia is now emphasizing balancing hotel supply and demand, and has abandoned an all-out effort to increase its number of participating hotels, Khosrowshahi said. He adds:
Read full story at: http://www.tnooz.com/2012/04/27/news/adding-hotels-is-expedia-conceding-the-race-to-booking-com/
