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Website: http://www.expediainc.com Expedia, Inc. is one of the world's leading online travel companies with a network of travel sites that allow users to book vacations including airfare, car rentals, cruises, hotels and destination packages. The company's main web businesses include Expedia.com, Hotels.com, Hotwire.com and TripAdvisor.com. The company also offers services for corporate travel and travel services in Europe and Asia. Expedia companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Spain, the Netherlands, Norway, Sweden, Denmark, Australia, Japan and China, through its investment in eLong. In November, the company signed a long-term agreement with Intercontinental Hotels Group. The agreement resulted in the addition of more than 3,700 hotels across all IHG brands, including InterContinental Hotels & Resorts, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites, to the hotel selection on Expedia and hotels.com branded points of sale globally, as well as Hotwire and Expedia Corporate Travel. In 2007, Expedia Inc. reported revenues of $2.66 billion, a 19% increase, and net income of $295.9 million. Total gross travel bookings for the year were $19.98 billion. History Expedia was originally founded by Microsoft in 1995. The company was then spun out from the software giant as an independent business in 1996. Expedia, Inc. first went public in 1999. In 2001, USA Networks - now IAC/InterActiveCorp (IAC) - led by Barry Diller, bought a controlling stake in Expedia. Diller's company bought the remaining stake in the company in 2002. IAC has acquired and built a collection of leading businesses in categories across the entire spectrum of interactive commerce. In July 2005, IAC separated into two publicly traded companies: Expedia, Inc., and IAC. Barry Diller remains chairman and senior executive of IAC, as well as chairman of Expedia, Inc. Benefits Health & Peace of Mind Updated March 19, 2008 |