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A strong first quarter for Expedia

Expedia Group announced financial results for the first quarter ended March 31, 2018.

Gross bookings across the Expedia Group, including HomeAway increased by 15% or $3.6 billion year-over-year to reach $27.2 billion.

Alternative accommodation arm HomeAway delivered $3.9 billion of gross bookings, representing a rise of 46% year-over-year.

Room nights stayed for Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia combined grew 16% year-over-year, with HomeAway stayed room nights up 36%.

More than 665,000 properties are available in Expedia Group’s global lodging portfolio as of March 31, 2018, up 74%, with 50,000 new properties. HomeAway added 25,000 more listings available reaching 1.6 million online bookable listings.

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