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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 Expedia, Inc. portfolio of brands includes: Expedia.com, hotels.com, Hotwire, Egencia, TripAdvisor, Expedia Local Expert, Classic Vacations, Venere and eLong. Expedia companies operate more than 60 global points of sale in more than 40 countries, with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia is also a component of the S&P 500 index. In 2009, Expedia Inc. reported revenues of $2.95 billion, a 1% increase, and net income of $299.5 million. Total gross travel bookings for the year were $21.8 billion. Total transactions for the year on Expedia properties were 57.8 million. Expedia employs 8,050 full-time and part-time employees worldwide across its network of brands, including approximately 1,920 employees of eLong, Inc., a Chinese subsidiary. 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 February 12, 2010 |