Expedia Announces Year-End Savings With High-Value Coupons
Zacks Investment Research | Dec 11, 2018 05:47AM ET
Expedia Group (NASDAQ:EXPE) has announced traveler friendly coupons offering 50% off on flights and 90% off on hotels which will be available from Dec 13 to Dec 14.
Additionally, the company will roll out coupons offering 20% off on hotels, available from Dec 13-17, once the 90% coupons are over.
Notably, the offer on hotels is valid for travelers who are planning to travel between Dec 13, 2018 and Jan 5, 2019. Meanwhile, the flight coupons which include $100 and $200 discount coupons are valid for travel in the United States from Dec 13, 2018 and Jun 30, 2019.
Benefits of the Move
These coupons can be availed only by Expedia’s mobile app users. We believe the deep discounts will bolster the download rate of its app which in turn will increase the traffic on its platform.
With the recent initiative, the company intends to deliver a cost-friendly travel experience to its customers during this holiday season, consequently enriching their vacation.
This in turn will help Expedia in gaining momentum among the travelers by providing year-end savings on their travel costs.
Further, the latest move of the company bodes well for its strengthening holiday strategies. Consequently, these factors will help Expedia in attracting more customers to its platform which is likely to boost its gross bookings and drive top-line growth during this holiday season.
Gaining Competitive Edge
Reportedly, the global travel industry is projected to witness growth of 12% over a period of 2017 to 2023.
Further, a report from Technavio, the worldwide online travel booking platform market is expected to witness a CAGR of 11% between 2018 and 2022.
The immense growth potential in both the travel space as well as in the online travel booking market is luring enough to attract other players like Booking Holdings (NASDAQ:BKNG) and TripAdvisor (NASDAQ:TRIP) , intensifying the competition further.
However, Expedia is likely to gain competitive edge over these two companies with its latest holiday initiative by offering high-value coupons to travelers.
Notably, both the companies have not made any significant advances to boost their holiday sales.
Zacks Rank & Stock to Consider
Currently, Expedia carries a Zacks Rank #3 (Hold).
Investors interested in the retail-wholesale sector can consider a better-ranked stock like Stamps.com (NASDAQ:STMP) , which carries a Zacks Rank #2 (Buy). You can see Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.