Yesterday, 4:11 PM
Fri, Sep. 16, 9:07 AM
- Expedia (NASDAQ:EXPE) has picked JP Morgan, Goldman Sachs and Morgan Stanley as global coordinators for its planned IPO of Trivago, sources tell Reuters.
- The IPO will likely take place this year or early 2017.
- Citi, Bank of America and Deutsche Bank are bookrunners.
- CEO Dara Khosrowshahi told investors in July that management and Trivago's founding team had agreed to an IPO to value Trivago as a stand-alone company.
- Expedia also said that Trivago had generated revenue of more than $660M on a trailing 12-month basis and that revenue had grown sixfold since it acquired Trivago in 2012.
Tue, Aug. 23, 8:19 AM
Tue, Aug. 16, 11:01 AM| Tue, Aug. 16, 11:01 AM | 4 Comments
Mon, Aug. 15, 2:05 PM| Mon, Aug. 15, 2:05 PM
Fri, Aug. 5, 8:42 AM
- Expedia (NASDAQ:EXPE) is in talks for new space in London for its local headquarters, sources tell Bloomberg.
- Growth in the U.K. is a top priority of the company.
- Shares of Expedia could see some buying action today after Priceline reported a jump in profit for Q2 and issued strong bookings guidance. EXPE +0.74% premarket to $114.35 on light volume.
Fri, Jul. 29, 9:22 AM
Thu, Jul. 28, 5:37 PM
Thu, Jul. 28, 4:12 PM
Wed, Jul. 27, 5:35 PM
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Fri, Jul. 15, 2:27 AM
- Eight months after a murderous rampage in Paris, a deadly attack in the French coastal city of Nice has killed at least 84 people and wounded scores.
- The "terrorist" gunman, described as a French national of Tunisian descent, drove a heavy truck at high speed into a crowd that had been watching Bastille Day fireworks along the Riviera.
- Equities are trading lower, weighed down by travel and tourism stocks, in yet another terror driven selloff.
- CAC 40 -0.6% to 4,358.
- Related tickers: EXPE -2.4%, PCLN -1%, TRIP -1%, NCLH -3%, RCL -2.5%, CCL -0.2%, AAL -1.4%, UAL -1.2%, DAL -1.5%.
Thu, Jul. 14, 8:08 AM| Thu, Jul. 14, 8:08 AM | 1 Comment
Thu, Jul. 7, 2:57 PM
- Hilton Worldwide and Marriott International are offering better discounts to loyalty club members in a bid to lower the amount of payments doled out to online third-party services, according to the The Wall Street Journal.
- It's a trend that's likely to be followed across the industry as chains look to build stickiness with loyalty members.
- Many hotel operators have contracts with sites such as Priceline and Expedia that limit their ability to undercut pricing, with the important exception of loyalty members.
- Hotel and online stocks: BEL, CHH, EXPE, H, HLT, HMIN, HOT, IHG, MAR, STAY, WYN, TRIP, OWW, TZOO.
Fri, Jun. 24, 3:46 PM
- Priceline (PCLN -12%) has plunged to four-month lows, but Piper Jaffray's Michael Olson sees a buying opportunity in online travel stocks, believing Brexit should not have a significant impact on European travel trends because the move will not have a major impact on consumer confidence.
- Olson thinks the protracted nature of the EU withdrawal process will ease its impact on consumer sentiment in Europe, and the European Central Bank already has implemented stabilization measures that should mitigate Brexit's impact on European consumer confidence.
- The U.K. represents just under 7% of the continent's travel demand, while a large portion of European travel consists of consumers traveling within their own countries, Olson says, adding that about half of PCLN's bookings are made by Europeans.
- Olson keeps Overweight ratings for PCLN, Expedia (EXPE -7%) and TripAdvisor (TRIP -6.1%), with respective price targets of $1,500, $147 and $95.
Mon, Jun. 20, 11:35 AM
- Atlantic Equities has raised Expedia (EXPE +4.7%) to Overweight from Neutral, citing expectations of meaningful growth driven by the company's non-core OTA assets.
- Analyst James Cordwell also sees diversification helping the stock's multiple, anticipating total EBITDA to grow from $1.17B in 2015 to $2.45B in 2018, with $760M of the increase being contributed by HomeAway, Orbitz and trivago.
- The firm currently has a $130 price target on shares.
Wed, Jun. 15, 7:34 AM| Wed, Jun. 15, 7:34 AM | 2 Comments