Expedia Group's B2B business is outpacing its consumer-facing brands by a wide margin. The company's second-quarter B2B gross bookings grew 21% year over year to $10.74 billion, while B2C gross bookings rose 8% to $23.19 billion. B2B revenue climbed 23% to $1.49 billion, compared with 8% growth for B2C. The segment, which serves airlines, offline travel agents, and corporate travel managers, now accounts for roughly a third of total gross bookings. CEO Ariane Gorin attributed the overall quarter to "sustained B2B momentum" alongside consumer brand growth and disciplined execution.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.