Expedia Inc has bumped its revenue up by 15% year-on-year in the first quarter of 2017 to $2.2 billion across the group.
The best performing business units within the company, in terms of revenue growth between Q1 2016 and 2017, were Trivago and HomeAway with 62% and 30% respectively.
The core OTA, including Orbitz, Hotels.com, Travelocity and the main Expedia brand, increased by 10% over the same period.
Across the group, gross bookings increased by 14%, again with HomeAway as the stand-out performer with a 48% jump to $2.7 billion. Core OTA increased by 11%.
Revenues across the three increasingly important business units with Expedia, Inc, Trivago, HomeAway and Egencia, hit $286 million, $185 million and $123 million respectively.
Adjusted EBITDA across the group climbed by 18% to $208.2 million.
The group has already spent $1.3 billion in marketing in the first quarter of 2017, an increase of 22% and a mammoth 57.2% share of revenue.
Egencia, Expedia Inc.’s corporate travel business, “has reached an operational and technological inflection point and can now begin to scale at a more aggressive pace around the world,” CEO Dara Khosrowshahi said in a conference call with analysts.
“We're ramping up Egencia's sales organization to accelerate organic bookings and revenue growth.”
Terrorism and other world events have not had much effect on Expedia’s business, chief financial officer Mark Okerstrom said.
The London attack near Westminster in March had some impact, but comparisons are difficult to “tease out” because Easter came a month later this year than in 2016.
The elections in France “didn't cause too much of a stir for us,” Okerstrom said, and “the macro backdrop in Europe seems to be reasonably healthy.”
Expedia has seen “a little bit of a slowdown in travel from the Middle East into the US and a few cross-regional patterns like that, but, net-net, from where we see, it looks like a healthy market to us,” he said.