Expedia Gets a Wide Boost From Vrbo and Domestic Travel Boom
Photo Caption: Expedia Group Peter Kern (right) at Skift Global Forum in NYC in September 2021. The company said its Vrbo unit made market share gains.
Skift Take
Expedia didn't have Airbnb's blockbuster third quarter, but Expedia seems to have built the foundation for solid improvements.
Based on its Vrbo unit's "superior performance" and the strength of domestic travel, Expedia Group saw its adjusted profits in the third quarter approach the levels of the same period in pre-Covid 2019.
"We've seen improvement across all segments," Expedia Group CEO Peter Kern told investors in discussing the company's third quarter results Thursday. "Really, well, leisure and domestic have led even those segments, which have been harder hit like corporate and international travel have been coming back. Cities have been returning as well. And so all in all, it's been a broad-based recovery."
Kern said Vrbo, the company's vacation rental umbrella bra
