| 17th | Top companies based in Seattle |
| Type | Public (NASDAQ: EXPE) |
|---|---|
| Founded | 1995 (As a group in Microsoft - Redmond, WA) |
| Headquarters | Bellevue, Washington, USA |
| Key people | Barry Diller, Chairman Dara Khosrowshahi, CEO |
| Industry | Travel, Technology |
| Products | Expedia.com Classic Vacations Hotels.com Hotwire.com Tripadvisor Egencia |
| Revenue | US$2.937 billion (2008)[1] |
| Employees | 8,050 (2008)[2] |
| Website | www.expediainc.com |
Expedia, Inc. (NASDAQ: EXPE) is an U.S. company headquartered in Bellevue, Washington that operates several travel brands including Expedia.com, Hotels.com, Venere.com, Hotwire.com, Egencia (formerly Expedia Corporate Travel), TripAdvisor, Expedia Local Expert, Classic Vacations and eLong. Expedia, Inc.’s companies operate more than 70 branded points of sale in more than 55 countries. Expedia also powers travel bookings for a number of airlines and hotels, consumer brands, high traffic websites, and thousands of active affiliates through Expedia Affiliate Network. It is part of both the S&P 500 and NASDAQ-100 stock market indices.
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Founded as a division of Microsoft in October 1995,[3] Expedia was spun off in 1999, and was later purchased by TicketMaster in 2001[4] (TicketMaster changed its name to USA Networks in 2001 and then InterActiveCorp in 2003[5]). IAC spun off its travel group of businesses under the Expedia, Inc. name in August 2005, including Expedia, Expedia Corporate Travel (now Egencia), TripAdvisor, Classic Vacations, eLong, Hotels.com, and Hotwire.com.[6]
Previously known as Expedia Corporate Travel.
Expedia's first and largest acquisition was Travelscape for US$89.75 million and VacationSpot.com for US$80 million on March 17, 2000. It subsequently acquired Classic Custom Vacations in March 2002 for $78 million. The company has made four divestments, in which parts of the company are sold to another company. On December 31, 2000, Technology Crossover Ventures acquired a 7% minority stake in Expedia for $50 million. USA Networks acquired a 65% majority stake in the company on February 5, 2002, for $1.372 billion, and a year later, on August 8, 2003, USA Interactive acquired Expedia for $3.636 billion. Expedia was ultimately spun off as a separate entity with a value of $7.981 billion. The company made the most acquisitions in 2002, when it acquired three companies: Classic Custom Vacations, Metropolitan Travel, and Newtrade Technologies.[7]
| Date | Company | Business | Country | Value (USD) | References |
|---|---|---|---|---|---|
| March 17, 2000 | Travelscape | Internet service provider |  United States |
$89,750,000 | [8] |
| March 17, 2001 | Vacationspot | Internet service provider | United States |
$70,850,000 | [9] |
| March 11, 2002 | Classic Custom Vacations[note 1] | Travel agency | United States |
$78,000,000 | [10] |
| July 11, 2002 | Metropolitan Travel | Travel agency | United States |
— | [11] |
| October 28, 2002 | Newtrade Technologies | Reservation software |  Canada |
— | [12] |
| April 5, 2004 | Activity World | Travel and touring | United States |
— | [13] |
| April 12, 2004 | Egencia | Travel agency |  France |
— | [14] |
| Date | Acquirer | Target company | Target business | Acquirer country | Value (USD) | References |
|---|---|---|---|---|---|---|
| December 31, 2000 | Technology Crossover Ventures | Expedia, Inc.[note 2] | Online travel | United States |
$50,000,000 | [15] |
| February 5, 2002 | USA Networks | Expedia, Inc.[note 3] | Online travel | United States |
$1,372,000,000 | [16] |
| August 8, 2003 | USA Interactive | Expedia, Inc.[note 4] | Online travel | United States |
$3,636,000,000 | [17] |
| August 9, 2005 | IAC/InterActiveCorp | Expedia, Inc.[note 5] | Online travel | United States |
$7,981,000,000 | [18] |
Expedia, Inc. maintains headquarters in downtown Bellevue, Washington, in a building named the Expedia Tower. Expedia occupies floors 3 to 18 of the 20 floor building, which completed construction in 2008. Initially, it was widely speculated that Google wanted to occupy most of the building, but a crane accident in 2006 caused delay and Google backed out of the project. [19]
In 2008, Expedia was named to the most admired Internet companies in the United States list, released by Fortune. Expedia ranked third, after IAC and Google, and was followed by Amazon.com at fourth place.[20]
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   | New Headquarters - Expedia Inc - Nov 2008 - Expedia Building, Bellevue, WA : Hines Interests |
| | IAC Completes Spin-Off of Expedia, Inc. - Expedia, Inc. Press Room - Press Releases |
| | "Expedia moving to downtown Bellevue" - Expedia moving to downtown Bellevue |
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