Expedia News

Booking.com rode the agency model, which is attractive for its lack of complexity in forging online travel agency-hotel relationships and consumer-friendliness, into the growth engine of a $68 billion business. Its executives did so by ignoring the trendiness of the crowds and sticking to their own beliefs and vision.

We're not giving away all the good stuff. You still need to read the entire thing.

Two decades after the birth of online travel, more than two dozen founders and key players exclusively tell Skift how it all happened. This is a story of a history that changed the future of travel forever. Dig in, this will take a while.

Digital video is one of the most effective ways to captivate an audience. As ad products evolve to make digital video more interactive and audiences more targetable, travel brands need to rethink their content mix to stay relevant. To learn more, download the e-book here.

The first quarter is a popular time for travelers to start planning spring break and summer travel. Based on TV spending estimates for the first quarter, it's clear that the top spending brands such as Southwest Airlines, Trivago.com and Royal Caribbean are bent on getting Americans enamored with the thought of summer vacations.

On hotels' direct-booking rates, one of the major chains is already talking to traditional travel agencies about handing them over. In addition, Choice Hotels, for one, is signaling that better deals from online travel agencies could go a long way toward ending its boycott in distributing loyalty-member rates. If every person has a price, then so indeed do hotel chains.

Global events during the past year have fundamentally shifted how travelers view insurance and how they want to interact with providers during their trips. What was once overlooked by many U.S. travelers is now largely thought of as necessary, and brands want to make policies easier to digest.

It is rare to see a company such as the Priceline Group take an impairment charge so quickly after investing. Even Priceline, in the short-term, at least, can get things wrong. Hotel Urbano needs more cash as the Brazilian economy and political system exhibited further stress, and the Zika virus took hold.

With Expedia reporting a clear tightening in corporate travel spending, one wonders how smaller corporate travel management companies are being affected.

Now-former Priceline Group CEO Darren Huston's decision to emphasize organic growth, his insistence that all properties sold on Booking.com be online bookable and instantly confirmable, and his strategy to keep Booking.com solely focused on the hotel business all set his tenure apart from those of his peers at Expedia. If you can set aside his apparently reckless behavior for a moment, it's a shame Huston won't be around to see his strategy through or to pivot, as required.