In addition to the COVID-19 disaster, Expedia additionally continues to deal with Google’s twin function as a rival in on-line travel,and a key supply of consumers through search traffic and paid advertising. Expedia responded to the financial and well being crisis byraising $three.2 billion in debt and fairness in April. It also made further cutbacks together with worker furloughs and executive wage reductions, and named longtime board member Kern as its new CEO. Kern had been overseeing the corporate’s operations with Chairman Barry Diller since the ouster of former CEO Mark Okerstrom and CFO Alan Pickerill in December 2019. Expedia Group, primarily based in Seattle, contains travel manufacturers corresponding to Vrbo, Orbitz, Hotwire, Trivago, Hotels.com, and Egencia in addition to the flagship Expedia.com. Kern, a longtime Expedia Group board member, has been CEO since April.
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