Expedia gross bookings grow 12% in Q2 2017
Expedia reported gross bookings of USD 22.8 billion in the second quarter of 2017. Revenue increased 18% YoY to USD 2.6 billion, of which Trivago took up USD 328 million, a 64% rise from a year ago.
Expedia announced financial results for the second quarter ended June 30, 2017.
* Gross bookings, including HomeAway, increased USD 2.5 billion or 12% year-over-year to USD 22.8 billion. Revenue increased 18% year-over-year to USD 2.6 billion.
* Room nights stayed, including HomeAway, increased 21% year-over-year.
* On a standalone basis, trivago reached USD 328 million in revenue, an increase of 64% year-over-year. On a trailing twelve month basis, trivago exceeded USD 1 billion in stand-alone revenue for the first time.
* HomeAway delivered USD 224 million of revenue, representing an increase of 31% year-over-year.
* Expedia, Inc. acquired a majority stake in SilverRail Technologies, Inc., enabling Expedia to play a more active role in bringing rail supply online, while working closely with rail carriers.
* On July 27, 2017, Expedia announced a USD 350 million minority investment in Traveloka Holding Limited, a leading Southeast Asian online travel company. Expedia and Traveloka also agreed to deepen their existing cooperation on global hotel supply.
Gross Bookings & Revenue
For the second quarter of 2017, total gross bookings increased 12% (including 1 percentage point of negative foreign exchange impact), driven primarily by growth in the Core OTA business, including growth in Brand Expedia, Hotels.com and EAN, as well as in HomeAway. Domestic gross bookings increased 11% and international gross bookings increased 16% (including 3 percentage points of negative foreign exchange impact). International gross bookings totaled USD 8.1 billion and accounted for 36% of worldwide bookings, compared with 34% in the second quarter of 2016.
Revenue increased 18% (including 2 percentage points of negative foreign exchange impact), driven primarily by growth in the Core OTA business, including growth in Brand Expedia, EAN and Hotels.com, as well as in trivago and HomeAway. Domestic revenue increased 15% and international revenue increased 22% (including 5 percentage points of negative foreign exchange impact). International revenue equaled USD 1.1 billion, representing 44% of worldwide revenue, compared to 42% in the second quarter of 2016.
Product & Services Detail
Lodging accounted for 67%, advertising and media accounted for 12%, air accounted for 8% and all other revenues accounted for the remaining 13%.
Lodging revenue, which includes hotel and HomeAway revenue, increased 16% in the second quarter of 2017 on a 21% increase in room nights stayed driven by growth in Brand Expedia, Hotels.com, EAN and HomeAway, partially offset by a 4% decrease in revenue per room night.
Air revenue increased 6% in the second quarter of 2017 on a 4% increase in revenue per ticket along with a 2% increase in air tickets sold.
Advertising and media revenue increased 49% in the second quarter of 2017 due to continued growth in trivago and Expedia Media Solutions. All other revenue increased 13% in the second quarter of 2017 reflecting growth in travel insurance and car rental products.
As of June 30, 2017, Expedia’s global lodging portfolio consisted of over 435,000 properties available on the Core OTA and Egencia platforms, including over 60,000 HomeAway listings now live on eleven Brand Expedia points of sale.
Hotels.com launched its first shopping bot on Facebook Messenger, allowing users to both shop and manage existing bookings using Natural Language Understanding.
HomeAway now requires all new or renewed listings to be available to travelers for online booking. HomeAway now has nearly 1.5 million online bookable listings on its platform.
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