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Expedia.com ( EXPE - Analyst Report) recently introduced three new features with the intention of helping customers through the travel planning process, namely Flight Recommendations, Itinerary Sharing and Scratchpad.
The Flight Recommendations feature will help in analyzing more than three billion flight searches performed on Expedia and apply insights to real-time customer search queries, suggesting alternative airports, dates or time of travel in the process.
Scratchpad stores and organizes a customer's search queries for easy retrieval. Thus, it saves time for users as they no longer need to start from scratch each time they perform a search. It can also help them to take well-informed decisions through customized emails when prices change.
Through Itinerary Sharing, it will be easier for users to share their live itineraries with their near and dear ones. Friends of users can now have access to the same notifications as the user, thus making it easier for them to track flight timings.
These features and product updates are a proof of Expedia's commitment to providing the best consumer resources that technology can offer.
Expedia, Inc. is one of the world's leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia reported third-quarter revenues of $1.40 billion, up 16.3% sequentially and 16.9% year over year.
Expedia reported a strong third quarter, driven by growth in the online travel booking industry. Additionally, TripAdvisor’s ( TRIP - Analyst Report) transition to the metasearch model appears successful, which had a positive impact in the last quarter. As a result, selling and marketing costs are coming down. However, Expedia is expected to continue its investments in international markets owing to the higher growth potential in these markets.
Of course, in every region, the company will continue to face challenges from players like Priceline.com ( PCLN - Analyst Report) , Orbitz Worldwide , as well as a growing number of other local players that could make expansion more difficult.
Currently, Expedia has a Zacks Rank #3 (Hold).