Expedia boosted by HomeAway performance in first financials of 2017

Expedia Inc has bumped its revenue up by 15% year-on-year in the first quarter of 2017 to $2.2 billion across the group.

The best performing business units within the company, in terms of revenue growth between Q1 2016 and 2017, were Trivago and HomeAway with 62% and 30% respectively.

The core OTA, including Orbitz, Hotels.com, Travelocity and the main Expedia brand, increased by 10% over the same period.

Across the group, gross bookings increased by 14%, again with HomeAway as the stand-out performer with a 48% jump to $2.7 billion. Core OTA increased by 11%.

Revenues across the three increasingly important business units with Expedia, Inc, Trivago, HomeAway and Egencia, hit $286 million, $185 million and $123 million respectively.

Adjusted EBITDA across the group climbed by 18% to $208.2 million.

The group has already spent $1.3 billion in marketing in the first quarter of 2017, an increase of 22% and a mammoth 57.2% share of revenue.

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