Expedia Inc (NASDAQ:EXPE) reported an increase in its revenues for the second quarter, touching the $1.5 billion mark. The company has been growing steadily over the past few months. Discussing Expedia Inc (NASDAQ:EXPE)’s growth and the company’s future in a program on Bloomberg, Expedia’s President and CEO, Dara Khosrowshahi, said that with the outburst of technology, mobile and internet, his company is expanding globally and international travel canvas is getting diversified. He said that people are massively using Internet for bookings and travel awareness and Expedia Inc (NASDAQ:EXPE) is benefiting from this trend a lot.
“We are seeing a couple of trends, one is the globalization of travel really favors Expedia Inc (NASDAQ:EXPE) because we operate in fifty different counters right now and we are expanding internationally very, very quickly and we are giving our suppliers the ability to market that themselves not only in their home markets but also in the international markets. Second is, we made big investments in technology, we are seeing those investments in technology pay off, last quarter, we grew bookings 29% on a year on year basis, this is on a big pile of bookings already, so that’s going well […],” said Khosrowshahi.
Khosrowshahi said that the primary reason behind the depletion of the margins of the company is the huge investment in sales and marketing sector. He said that Expedia Inc (NASDAQ:EXPE)’s major goal is to elevate its topline profits. He also said that people around the world are using their phones and tablets for bookings and this is the basic reason why Expedia is investing in the technology sector.
He added that more and more hotels are queuing up to work with Expedia Inc (NASDAQ:EXPE) because of its expansion and growth. Khosrowshahi thinks that hotels must maintain their online presence across all major platforms if they really want to give their customers a colossal experience.