Expedia Sees Sustained B2B Momentum

Dow Jones
08/06

Expedia Group's B2B business is outpacing its consumer-facing brands by a wide margin. The company's second-quarter B2B gross bookings grew 21% year over year to $10.74 billion, while B2C gross bookings rose 8% to $23.19 billion. B2B revenue climbed 23% to $1.49 billion, compared with 8% growth for B2C. The segment, which serves airlines, offline travel agents, and corporate travel managers, now accounts for roughly a third of total gross bookings. CEO Ariane Gorin attributed the overall quarter to "sustained B2B momentum" alongside consumer brand growth and disciplined execution.

 

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

 

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