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This statistic highlights Expedia’s Revenue by Service Type, split among Lodging, Advertising and Media, Air, and Others segment, reported on a quarterly basis from Q1 2017 onwards.
The following table highlights Expedia’s Revenue by Service Type, in some of the recent quarters.
|Service Type||Q3 2020||Q2 2021||Q3 2021|
|Advertising and media||$94.00||$161.00||$202.00|
(All figures in millions)
On a QoQ basis, the total revenue generated increased by 40% from $2,111 million in Q2 2021 to $2,962 million in Q3 2021. On a YoY basis, there was a huge increase of 97% in the total revenue.
Lodging includes hotels and alternative accommodations. As a percentage of their total worldwide revenue in Q3 2021, lodging accounted for almost 78%. However, due to the impact on travel demand from the COVID-19 outbreak, stayed room nights declined by 55% in 2020 as compared to a growth of 11% in 2019 and 13% in 2018.
On a QoQ basis, this segment has grown by 50%. On a YoY basis, revenue recorded an increase of 87%.
Advertising & Media
This business is principally driven by revenue generated by Trivago, a leading hotel metasearch website, and Expedia Group Media Solutions, which is responsible for generating advertising revenue on global online travel brands. Revenue in this service is generated from click-through fees charged to travel partners for leads sent to their websites. It is recorded once the traveler makes the click-through to the related travel partners’ websites. These are due for payment from advertisers, within 30 days of invoicing. This service recorded a 25% increase in the revenue generated on a QoQ basis. On an annual basis, there was a 115% growth in the revenue.
Expedia records revenue on air transactions when the traveler makes the transaction. They even maintain a reserve for chargebacks and cancellations at the time of the transaction based on historical experience. Up until 2019, the revenue generated from this service grew with stability each year, with the peak season in Q1 each year.
However, the airline industry was severely impacted by COVID-19. As a result, airlines have been operating with less capacity and passenger traffic has declined significantly. In Q2 2020, the revenue earned by this service type declined substantially due to the cancellation of tickets. However, they recovered in Q3 2020, generating $27 million. On a YoY basis too, they recorded a 22% increase in the revenue. However, the performance was weak on a QoQ basis, with a downfall of 22% in the revenue.
It primarily includes revenue for providing services like car rental, insurance, destination services, and cruise. It also includes product revenue of $59 million, earned by Bodybuilding.com, which was sold in May 2020.
On a QoQ basis, the revenue from this service increased by almost 18%. On a YoY basis, the revenue more than doubled, to a 159% increase.
About the Company
Expedia is a travel company that makes travel products and services available from a variety of hotel companies, property owners, and managers. Apart from this, they provide services related to large and small commercial airlines, car rental companies, and cruise lines. Stand-alone, as well as travel packages, are made available to their customers.
Expedia believes in strengthening connections, broadening horizons, and bridging differences through travel. They develop their platform, and technology capabilities across an extensive portfolio of consumer brands, and provide solutions to their business partners. This helps in organizing the movement of people on both – a local as well as global basis.
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