July 19, 2018
Expedia says packages are better for hotels than room-only
Hotels are achieving higher average daily rates (ADR) from consumers who book packages rather than just rooms, according to data from Expedia Group.Read more
Mark Okerstrom, Expedia new president and CEO, sees a huge potential for growth in adding hotel inventory around the world, adding that Expedia likely has only one-third of the world’s hotels wired up.
You can expect Mark Okerstrom to stay the course, for the most part, of his predecessor. One reason is because as CFO since 2011, Okerstrom has been involved in all the big decision regarding strategy and acquisitions.
Not surprisingly, Okerstrom said he envisions a closer relationship with Uber, which he called complementary to Expedia’s travel services, now that his boss until today takes up the ride-sharing mission.
There will also be plenty of opportunity to talk to Uber’s new boss about that because Khosrowshahi will remain a member of Expedia’s board.
Get the full story at Skift
Read also "Uber picks Expedia’s Dara Khosrowshahi as new CEO" and "Expedia’s chief financial officer is now its new CEO"
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