Expedia Posts Another Solid Quarter Though Stiffer Competition Looms
Posted on February 06, 2013 at 15:12 PM EST
Backed by continued acceleration in hotel bookings and higher international revenues, leading online travel agency Expedia posted yet another quarter of solid growth despite a weak macro environment. The company closed its fiscal 2012 with $4.03 billion in annual revenues, a 17% increase compared to 2011 and marked 24% y-o-y growth in Q4 2012 earnings.
Backed by continued acceleration in hotel bookings and higher international revenues, leading online travel agency Expedia posted yet another quarter of solid growth despite a weak macro environment. The company closed its fiscal 2012 with $4.03 billion in annual revenues, a 17% increase compared to 2011 and marked 24% y-o-y growth in Q4 2012 earnings.
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