ABNB - Expedia's Next Phase Of Its Post-Pandemic Transition Holds Promise
2024-03-22 02:36:43 ET
Summary
- In FY23, Expedia's stock performed well, but recent surprises, such as a sudden CEO transition, may weigh on the stock.
- The company is focusing on the merchant model format to generate more margin and expand its B2B business proposition which is its next phase of evolution.
- EXPE's B2B business has shown strong signs of growth, with revenue and EBITDA margins expanding significantly. However, the CEO transition and Q1 FY23 expectations may impact the stock's performance.
Investment Thesis
Expedia ( EXPE ) has been a huge beneficiary of the surge in travel demand that it witnessed as the world emerged from the Omicron phases of the COVID pandemic. As the world opened up in mid-2022, the travel business boomed, and Expedia's online travel business was positioned to benefit from surging trends....
Expedia's Next Phase Of Its Post-Pandemic Transition Holds Promise