Tag Archives: expe

Alibaba’s Alitrip Shakes Up China Online Travel Game

Alibaba Group’s new Alitrip travel website in China is drawing a competitive response from Expedia, which has carved out a successful presence in Chinese online travel through its local unit, eLong. Expedia (EXPE), based in Bellevue, Wash., has long regarded Shanghai-based Ctrip.com (CTRP) as its chief rival in China. But Alibaba ‘s (BABA) Oct. 27 announcement that it’s turning Taobao Travel, part of Taobao.com, into an independent website named

Expedia Q3 Hotel, Airline Trends Called ‘Encouraging’

Expedia (EXPE) air-ticket volume, hotel-room bookings and average rates all look positive this quarter, FBR Capital said in retaining its outperform rating on Expedia stock. “We see 25% room night growth in July for Expedia vs. 23% in June,” FBR analyst Jake Fuller said in a research note Monday. “Expedia’s domestic ticket volume growth ramped from 39% in June to 41% in July. “While August is the biggest month of Q3, the July trends point to

Expedia Q2 Growth, Margins Lift Cowen Price Target

Expedia’s (EXPE) improving hotel bookings and profit margins prompted Cowen and Co. Monday to raise its price target on the Web travel firm’s stock to 90 from 80, as Expedia stock touched another record high. Analysts Kevin Kopelman and Andrew Marok, in a research report, noted that Expedia’s Q2 earnings late Thursday beat views most notably in profitability in the 35% year-over-year growth in EBITDA, or earnings before interest, taxes,