The announcement of the deal today was a stunner — although it shouldn’t have been. When Expedia initially began running Travelocity’s North America sites in late 2013 Expedia stated that it was interested in similar deals.
And last week during Expedia’s fourth quarter of 2014 earnings call, Expedia Inc. CEO Dara Khosrowshahi said the company would continue to be acquisitive in 2015. “As far as acquisitions go, acquisitions are a part of our game plan,” Khosrowshahi said February 5. “We’ve had a number of acquisitions over the years and I would say that our technology platforms now and our operating practices now are at a different level where we are good at and have a very strong practice at bringing in and consolidating acquisitions and realizing synergies.”
The big four U.S.-based online travel agencies, including Expedia, Travelocity, Orbitz, and Priceline.com, have now just become the big two, with CheapOair rounding out the field.
