文章核心观点 - 公司在2022年二季度的业绩表现较2019年同期有所改善 [1] - 公司的长期基本面分析和投资评估 [1][2] 公司概况 - 公司是一家提供在线旅游预订服务的公司 [1] - 公司主要业务包括酒店预订、航班预订等 [1] 业绩表现 - 2022年二季度公司业绩较2019年同期有所改善 [1] - 公司正在逐步从疫情影响中恢复 [1] 投资评估 - 公司的基本面分析和长期投资价值评估 [1][2] - 公司的投资评级和风险提示 [2]

Shares of Expedia Group Inc. jumped more than 7% in after-hours trading Wednesday after the Financial Times reported Uber Technologies Inc. was considering a bid to buy the online travel company.According to the FT, Uber UBER has approached its advisers in recent months about a potential bid for Expedia EXPE, though interest is in the early stages. Citing three unnamed sources familiar with the matter, the FT said a third party first floated the idea to Uber. The ride-hailing giant has not officially reache ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

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Based on future growth expectations, this stock is very cheap.In this video, I will explain why Expedia (EXPE -0.72%) is one of the most undervalued stocks in the market right now. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 26, 2024. The video was published on Sept. 30, 2024. ...

JHVEPhoto/iStock Editorial via Getty Images Executive summary Expedia Group (NASDAQ:EXPE) has largely been a disappointment to long-term investors, however we believe that the fortunes of the business are about to change. As you have guessed, Expedia is a value play, not a deep value situation, though. The company is strong in its key markets due to the leading scale, it is also very cash-generative and its revenues are growing. The B2B division of Expedia is experiencing rapid growth and driving the wh ...

文章核心观点 - Expedia Group (EXPE)在过去一个月内股价上涨14.7%,超过了同期Zacks互联网商务行业7.3%和零售批发行业6.7%的涨幅 [1] - EXPE受益于其在在线旅游预订领域的强势地位,其B2B、品牌Expedia和广告业务以及住宿产品的强劲表现推动了其在美国和非美国地区的发展势头 [1] - 公司计划将生成式AI技术整合到其服务中,并通过扩大合作伙伴关系来增强其产品组合,预计将在短期内提高客户参与度 [1] 关键要点总结 1. 扩大合作伙伴关系推动EXPE股票前景 - 根据Statista的报告,全球旅游和旅行市场预计将从2024年的9160亿美元增长到2029年的1.11万亿美元,年复合增长率为4% [2] - EXPE通过不断扩大合作伙伴网络来抓住这一增长机遇 [2] - EXPE最近与瑞安航空公司合作,为旅客提供瑞安航空的经济型航班选择,提升了旅行体验 [3] - EXPE与阿拉斯加航空公司合作推出了Stays by Alaska Vacation平台,为客户提供个性化的旅行体验 [3] - EXPE与Wells Fargo和Mastercard合作推出了两张联名信用卡,为美国旅客提供更大的灵活性和奖励 [3] - EXPE与国泰航空公司合作,将其White Label Template技术嵌入到国泰假期,增强客户的预订和规划体验 [4] - EXPE与多个澳大利亚旅游机构合作,提升旅行者体验,促进可持续旅游,展示澳大利亚的独特文化 [4] - EXPE与日本奢华酒店预订服务Ikyu合作,为客户提供更多全球酒店选择 [4] - 这些合作伙伴关系预计将在短期内推动EXPE的营收增长 [4][5] 2. 激烈竞争对EXPE股票前景构成风险 - 来自TripAdvisor(TRIP)、Airbnb(ABNB)和Booking Holdings(BKNG)等主要玩家的竞争加剧,对EXPE的市场地位构成威胁 [6] - 尽管EXPE在过去一个月内的股价表现优于TRIP、ABNB和BKNG,但它们不断加强在线旅游预订平台的努力也不容忽视 [6] - TripAdvisor推出了新功能,让会员可以直接在应用程序内预订酒店,这要归功于其与HTS(Hopper Technology Solutions)的合作 [6] - Airbnb推出了针对团体预订的新功能,包括一个突出由音乐、电影、电视和体育明星主持的住宿的图标类别 [6] - Booking Holdings的子公司Priceline与Cover Genius合作,通过提供客户导向的旅行保护来改善旅行预订 [7] 3. 盈利预测呈下降趋势 - 2024年第三季度的Zacks共识预测每股收益为6.07美元,同比增长12.2%,但在过去30天内下调了8.2% [8] - 2024年全年的共识预测每股收益为11.53美元,同比增长18.9%,但在过去30天内下调了2.5% [8] 投资建议 - EXPE的战略合作伙伴关系、主要产品优势、不断扩大的全球足迹以及创新驱动力为投资者提供了吸引的机会 [9] - 公司目前的价值评分为A,表明其目前具有良好的投资价值 [9] - 但激烈的竞争以及由于宏观经济不确定性和地缘政治局势导致的旅游需求波动性加大仍是EXPE股票的主要担忧 [9] - 此外,盈利预测的下调也不太乐观 [9] - 综合考虑,现有股东应维持其持股,而新投资者应等待更有利的进场时机 [9]

会议主要讨论的核心内容 Expedia B2B业务概况 [2][3][4] - 公司有大型消费者品牌如Expedia、Hotels.com和Vrbo，同时也有一个规模很大的B2B业务 - B2B业务在2023年实现了约250亿美元的预订量，超过1亿间客房夜，服务超过6万家合作伙伴 - 过去5年B2B业务保持了16%的复合年增长率，收入和调整后EBITDA分别增长14%和28% B2B业务的特点和优势 [5][7][9][10][11] - B2B业务中30%的预订来自于忠诚度计划，60%来自美国以外的地区，15%来自企业出行 - B2B业务与消费者业务是互补的，不存在大规模的业务蚕食 - 公司在酒店供给、分销产品和技术、合作伙伴基础以及专业团队等方面具有优势 - 消费者业务带来的需求有助于提升供应商的价值，B2B业务也反过来增强了消费者业务 B2B业务的主要产品 [12][13] - Rapid酒店API：为合作伙伴提供酒店内容和预订能力 - 白标模板：为航空公司等提供一站式酒店销售解决方案 - 旅行社联盟计划：为旅行社提供Expedia的存货和佣金机会 B2B业务的发展前景 [14][15] - 公司认为自己是B2B领域的领导者，未来增长将保持在双位数 - 增长动力来自于现有合作伙伴的业务拓展，而非新客户的获取 - 未来将继续投资于供给、技术和团队建设等方面的优势 消费者业务的发展 [27][28][29][31][32] - 过去几年公司进行了大规模的技术升级和整合，对部分消费者品牌造成了一定影响 - 但Expedia品牌在此期间保持了良好的增长势头，得益于创新能力和品牌力的提升 - 公司正在努力提升Hotels.com和Vrbo的表现，利用Expedia的成功经验进行复制 宏观环境和未来展望 [48][49] - 公司第二季度的整体业务表现良好，但7月份出现了一定程度的需求放缓 - 公司将更多关注自身可控的执行能力，而非过度关注短期宏观波动

As inflation reshapes consumer spending, travel giants Expedia, Airbnb and Booking Holdings are adjusting their strategies to drive customer engagement and bookings amid shifting family budgets and evolving preferences.Expedia is enhancing its One Key loyalty program with a co-branded credit card and expanding its global reach to boost cross-brand engagement. Airbnb is prioritizing unique experiences by adding new quality features like Guest Favorites and Airbnb Icons to increase customer engagement. Meanwh ...

The reasons behind the August market meltdown are numerous and are already moving into the rearview mirror of investors. A coolish reading in the July producer price index (PPI) has investors putting their foot on the gas to get ahead of the Federal Reserve cutting interest rates. It’s also a reason to consider investing in travel stocks.One rate cut, even if it’s one of 50 basis points, which the experts seem to favor, won’t do much to relieve pressure on consumers right now. But the markets are forward-th ...