Accommodation sales boost Expedia’s first-quarter revenue
Expedia’s bookings increased 15% during the first three months of the year, due largely to growth in HomeAway, Brand Expedia and Hotels.com.
Domestic bookings were up by 10% while international bookings rocketed 25% to $10.6 billion.
Revenue during the first quarter to the end of March was up 15%. Domestic revenue rose 8% while international revenue was up 23% to $1.2 billion.
Revenue from accommodation sales, including hotel and HomeAway revenue, increased 15%. Revenue from flight sales was up 11% following a 1% increase in bookings and a 10% increase in the value of each ticket sold.
Expedia said its selling and marketing expenses grew 19% from a year ago, driven in part by on- and offline marketing expenses for sites including Trivago, HomeAway and Hotels.com.
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