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Online Travel

Expedia CEO Doesn't Need Any Mergers But He's Monitoring All Possibilities

Andrew Sheivachman

Photo Credit: Expedia's new CEO, Mark Okerstrom (left), made one of his first travel industry appearances as CEO at Skift Global Forum in New York City September 27, 2017. He said the company doesn't really need to make any acquisitions right now in order to spur growth. Skift

Skift Take

Expedia Inc. might be quiet on the acquisition front as its new leadership settles in. But history shows the online travel giant will look to be opportunistic as its competition with the Priceline Group evolves.

The departure of longtime CEO Dara Khosrowshahi from Expedia Inc. last month came as a major surprise. The announcement of chief financial officer Mark Okerstrom as Khorowshahi's successor, however, represented the sensible continuity pick to lead Expedia. In his first travel industry public appearance following his promotion this month, Okerstrom told the crowd at the Skift Global Forum 2017 in New York Wednesday that the online travel giant isn't in a position where it has to continue acquiring companies to add

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