JOINING ME NOW TO DISCUSS IS
JOHN CASTLEMAN WHO
IS THE PRESIDENT OF EXPEDIA
BRANDS JOHN GREAT TO HAVE YOU
HERE WITH US AND THANKS FOR
TAKING TIME FIRST THING YOU GOT
TO KNOW HOW THE TRAVEL RECOVERY
TREND REPORT COME FROM PRIZED
AND WHAT WHAT.
IT IS MADE UP OF AND WHAT
CUSTOMER SENTIMENT IS AROUND
THE WORLD RIGHT NOW FOR TRAVEL.
>> IT SURE WILL BE HERE WHAT
WE'RE SEEING IS RECOVERY.
I WAS ABLE TO SPREAD
THE MESSAGE.
>> INTERNATIONAL PRO STARTED.
IT REALLY ALL COMES DOWN TO HOW
QUICKLY THE WORLD.
>> GET VACCINATED THE AND ALL
STARTS WITH JUST THE BASIC
PREMISE OF THE WORLD IS.
>> THE
WORLD WILL. EVERYONE CAN TRAVEL
FREELY GIVE TO TURN TO DO OUR
OUR HELP AS MANY PEOPLE AROUND
THE WORLD.
>> CERTAINLY AND SO WHEN YOU
THINK ABOUT THE TRAVEL RECOVERY
TREND THAT WE'VE SEEN THAT FAR
WHAT ARE SOME OF THE MOST BOOK
DESTINATIONS IN THIS NEAR TERM
PERIOD.
>> WELL WE'RE SEEING IS.
LOCAL
AREA WHETHER IT'S HERE IN THE
OR IN EUROPE OR ASIA PLACES
WHERE PEOPLE CAN GET TO MY CAR.
>> OR A LIST OF THEIR TRAVEL.
>> AND WE EXPECT THAT TO
CONTINUE THROUGHOUT SUMMER
PEOPLE ARE FINDING WAYS.
IT'S IT IS A
REAL BUZZ.
>> THAT SURVEY CATION ON SERVER
BUT BUSINESS HAS BEEN A VERY IN
THE LAST YEAR WEEK TOO.
WE EXPECT THAT
TO CONTINUE AS WELL AS MOST OF
THEIR TRAVELS COMING BACK BUT
INTERNATIONAL TRAVEL IS.
>> SAUCED AND IT HAS TO DO
WITH IT. THE WORLD IS JUST NOT
OPENED UP YET SO IT'S YOU KNOW
THAT'S WHY WE GOT BEHIND
THIS INITIATIVE TRY TO GET AS
MANY PEOPLE VACCINATED AS
POSSIBLE IN MOST PARTS OF THE
WORLD. IT DOESN'T HAVE TO DO
WITH PEOPLE MAKING A PERSONAL
CHOICE AS TO WHETHER OR NOT
THEY WANT TO GET VACCINATED
THEY JUST DON'T
HAVE AVAILABILITY. SO THAT'S
WHY WE'VE PARTNERED WITH UNICEF
TO TRY AND HELP TO OUR PART
JUST BASICALLY THAT THE WORLD
BACK TO NORMAL.
>> I WOULD LOVE TO KNOW MORE
ABOUT THAT PARTNERSHIP AS IT
RELATES TO THE MOST RECENT
EARNINGS REPORT THAT'S COME OUT
FROM EXPEDIA
YOUR VICE CHAIRMAN AND CEO
PETER KEARNS SAID UNFORTUNATELY
THE ROAD TO RECOVERY AND FULL
TRAVEL RECOVERY REMAINS BUMPY
UNTIL MORE OF THE WORLD IS
VACCINATED WE'RE DO SOME OF THE
EFFORTS IN THAT PARTNERSHIP
WITH UNICEF STAND
AND RIGHT NOW AND HOW IS THAT
CONTINUING TO ACCELERATE THE
ACCESSIBILITY AND THE
DISTRIBUTION OF ACTIONS THAT
ARE AVAILABLE.
>> IT'S IT'S REALLY SIMPLE.
CONSUMERS CUSTOMERS CAN LIFT TO
DO IS LOOK
AT TRIPS. ONE OF OUR MANY UPS
CROSSOVER BUSINESS US AND WE
WILL MAKE A DONATION TO UNICEF
ON THERE BEHIND US. GET THE
WORLD BACK ON
ITS FEET. SO CUSTOMERS NEED TO
DO ANYTHING WE WILL DO ON THEIR
BEHALF THEY PARTICIPATE
IN IT. HOPEFULLY IT INSPIRES
THEM TO MAYBE TAKE ACTION OR
YOU KNOW THE OTHER THING THAT
WE'RE TRYING TO DO IS WE HOPE
THIS INSPIRES OTHER BUSINESSES
TO GET BEHIND OTHER THIS
PROGRAM OR OTHERS LIKE IT IT'S
TO HELP THE WORLD GET BACK
TO NORMAL. 6 HUGE LIFT ACROSS
THE WORLD S MOST PEOPLE AROUND
THE HAVE ACCESS
TO VACCINE. AND IT COMES DOWN
TO FUND SO WE'RE TRYING TO DO
OUR PART WE HOPE IT INSPIRES
OTHERS.
GET ALL OF US BACK TO NORMAL AS
QUICKLY
AS POSSIBLE.
>> IT'S EXCELLENT AND A MAJOR
INITIATIVE THAT THE COMPANY IS
MOVING FORWARD WITH AS WELL SO
AND WE COMMEND YOU AND
THE TEAM ON THAT WOULD LIKE TO
KNOW A LITTLE BIT MORE ABOUT
WHAT EXPEDIA BRANDS IS DOING
RIGHT NOW TO STAY COMPETITIVE
AND EVEN PROFITABLE NAVIGATING
THIS ENVIRONMENT.
>> WELL YOU SEE FROM OUR RECENT
EARNINGS.
ANNOUNCEMENT REVENUES WERE UP
270% YEAR OVER YEAR SO THE SO
THE INDUSTRY IS
COMING BACK. WE HAVE AN
INCREDIBLE STABLE OF BRANDS
AROUND THE WORLD.
YOU KNOW THEY HAVE LARGELY COME
PH INDEPENDENTLY TO THE
OPPORTUNITY FOR US AS A
BUSINESS GO TO MARKET IN THE
WORK WAS NEEDED AS AS OF LEO
PEREZ AND REALLY BRING THE
TROOPS.
AND BUSINESSES
TO BEAR ITS ON THE MARKET YOU
KNOW POSITION IN A
GREAT SPOT. WE HAVE PLENTY OF
OPTIONS ALSO CUSTOMERS AROUND
THE WORLD EXCITED ABOUT THE
FUTURE IT IS COMING BACK MANY
DIFFERENT WEIGHTS BUT WE'RE NOT
THERE YET.
WE'VE GOT TO GET THIS THE FULL
BACK TO NORMAL.
>> THE PORTION OF TRAVEL THAT
TYPICALLY COMES FROM BUSINESS
THAT
IS NOT QUITE THERE BECAUSE WE
DO KNOW THE MAJORITY OF THE
TRAVEL THAT IS TAKING PLACE
RIGHT NOW IS LARGELY LEISURE.
WHAT DO YOU EXPECT TO SEE ON
THE BUSINESS TRAVEL FRONT OVER
THESE COMING MONTHS AND THEN AS
WE GET INTO THE START OF 2022.
>> DICK TO EXACTLY WHEN.
I THINK THE MOST BASIC WAY TO
THINK ABOUT IT IS BUSINESS
TRAVEL WILL COME BACK WHAT THE
WORLD. YOU KNOW WE'RE NOT ALL
THAT
>> YOU KNOW WE.
>> IT'S TOO YOU KNOW
THE EXTENT WORK FROM HOME
POLICY UNTIL JANUARY FROM
PLEASE OVER THOSE ARE WELCOME
TO COME INTO THE OFFICE NOW
THAT
THE VACCINATED WE NEED TO GET
AS MANY PEOPLE VACCINATED AS
POSSIBLE NOT JUST IN OUR
BUSINESS BUT AROUND THE WORLD.
>> FOR THE PORTIONS OF YOUR
BUSINESS THAT CERTAINLY LOOK
TOWARDS BUSINESS TRAVEL AND
CONTINUE TO HAVE THOSE TYPES
OF EITHER PLATFORM PLAYS OR
ENGAGE MONTHS AT THIS POINT IN
TIME I WONDER WHAT YOU'RE
SEEING IN THE DATA RIGHT NOW TO
SUGGEST EVEN
AFTER THINGS START TO REOPEN
BACK FOR AT LEAST IN THIS
INTERIM PERIOD OF TIME. HOW
LONG THAT.
EXPEDIENT AS
THE BRAND CAN CONTINUE TO
NAVIGATE WITH JUST LOSE YOUR
TRAVEL AS THE MAJOR LION SHARE
OF TRAVEL THAT'S TAKING PLACE.
>> WELL THERE'S THERE'S THAT.
WORKING FROM HOME FOR YOU KNOW
QUITE A WHILE SO IT'S THERE'S
QUITE A BIT OF PENT-UP DEMAND.
AND WE'LL GET BACK TO NORMAL.
WHAT HAPPENS WITH BUSINESS
TRAVEL I WOULD EXPECT TO SEE
EACH YOU KNOW PEOPLE HAVE
BECOME
MORE COMFORTABLE WORKING FROM
HOME WORKING DON'T EXPECT THAT
TREND TO IMMEDIATELY REVERSE
BUT THERE REALLY IS
NO SUBSTITUTE FOR PEOPLE BEING
TOGETHER IN A PLACE WORKING
THROUGH ISSUES. HAVING YOU KNOW
THOSE PERSONAL RELATIONSHIPS
ARE SO IMPORTANT IT WILL COME
BACK, BUT IT'S VERY DIFFICULT
TO PREDICT EXACTLY WHEN INTO
WILL GET BACK TO NORMAL IS JUST
NOT. SO WE'RE TRYING TO DO OUR
PART TO HELP. AND THAT'S ONE
PART OF WHAT
YOU SAID.
>> SO WE'RE WE'RE WE'RE SUPER
HAPPY WITH THE RESULTS SO FAR
WHAT WE CAN DO MORE YOU KNOW
THAT THE SPIRES OTHERS TO JOIN
DO MORE. WE REALLY HAVE TO ALL
DO OUR PART TO TRY TO PULL
BACK.
>> JUST VERY QUICKLY WE'LL HAVE
YOUR SOUTHWEST AIRLINES HAS
SAID THAT
IT SINCE IT'S SEEING AN
INCREASE IN CANCELLATIONS DUE
TO CONCERNS OVER THE DELTA
VARIANT I WONDER FROM EXPEDIA
STANDPOINT IF THIS HAS AFFECTED
BOOKINGS AT ALL IN THIS NEAR
TERM BECAUSE OF THE DELTA
VARIANT.
>> YOU KNOW IT'S BEEN A
LITTLE LATE WE WANT TO SEE
MATERIAL INCREASE IN
CANCELLATIONS I THINK PEOPLE
ARE BEING A BIT MORE MANY MORE
PEOPLE ARE VACCINATED.
SO SO THAT'S HELPING BUT WE'RE
NOT SEEING MATERIAL INCREASE.
>> CONTINUED TO COMMEND
THE EFFORT THAT YOU'RE MAKIN