This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Expedia's Global Growth Soars With Asian Partnerships

NEW YORK ( Trefis) -- Expedia (EXPE), the world's largest online travel agent, posted excellent first quarter results this year led by growth in international markets.

The international markets formed 39% of gross bookings and 40% of total first-quarter revenue, and the company sees more than half of its gross bookings and revenues coming from the international points of sale in the near future.

We expect the U.S. -based online travel companies to get a big boost from expanding international opportunities and, as evident from the recent announcements, Expedia seems to be targeting just that. (See our complete analysis for Expedia.)

Expedia Ties Up with Thomas Cook India

This month, Expedia announced a partnership with Thomas Cook India to provide end-to-end visa services to its customers in the country. Under the partnership, Expedia has waived visa-processing charges for its users booking international packages.

In addition, it now enables registered users to access updated visa information and downloadable application forms via a simple interface. Using the new interface, Expedia's customers can view information about visa procedures of the country of travel, documentation, processing time, fees, etc.

India is one of the fastest-growing outbound markets with a projected growth rate of 16% and the World Trade Organization projects the market to reach 50 million by 2020, up from the current level of 12 million.

We believe that, given Thomas Cook's credibility in the market, the deal puts Expedia in a better position to leverage the projected growth from the Indian market.

Localized Philippines Website

Putting up a third localized site in the Philippines, Expedia expanded its tie-up with budget airline AirAsia. Over the last year, the AirAsia Expedia partnership launched localized websites in Singapore and Thailand, which are among the top online travel agencies in both these countries.

Reinforcing its commitment toward the Asian economy, AirAsia Expedia plans to launch Expedia sites in several other Asian markets to tap the fueling growth.

Expedia already has hotel only sites in Malaysia, Indonesia, Hong Kong, Korea, Japan and India. The company believes that only 10% of the Philippines' travelers currently book their flights and accommodation online compared to a much higher percent in other countries. This means there is tremendous space to grow in this market.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs