Priceline Vs Expedia: Who Is Growing Faster?
Priceline and Expedia are currently the world’s largest OTAs in terms of geographical spread and revenues. Though Ctrip’s market capitalization ($21 billion) recently surpassed that of Expedia’s ($17 billion) post its stake in Qunar and eLong, in terms of reach Ctrip is still more concentrated in China than the rest of the world, unlike these two entities. Currently, Priceline is far ahead of Expedia in terms of revenues and EBITDA. However, Expedia is expected to grow at a much faster rate in the future in terms of both the top and bottom line and its revenues might even surpass those of Expedia’s as per our estimates.
We believe Expedia’s constant acquisitions and consolidation efforts in the U.S., the largest market for online travel, along with its revenue being less concentrated in one division, might be some of the reasons for the company’s more rapid growth. Currently, while Expedia derives 70% of its revenues from hotels, Priceline derives over 90% of its revenues from hotels alone.
These two OTA giants together enjoy around 18% of the global market share of hotels presently and that is expected to reach almost 30% by the end of our forecast period.
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Have more questions on Priceline and Expedia? See the links below.
- What Is Priceline’s Fundamental Value On The Basis Of Its Forecasted 2015 Results?
- How Has Priceline’s Revenue And EBITDA Composition Changed Over 2012-2016E?
- What Is Priceline’s Revenue And EBITDA Breakdown?
- Top 3 U.S. OTAs: A Comparison Of Operating Margins
- How Has Priceline’s Stock Performed In The Last Five Years?
- What Drove Priceline’s Revenue And EBITDA Growth Over The Last Five Years?
- Where Can Priceline’s Growth Come From In The Next 5 Years?
- What Is Priceline’s Fundamental Value Based On 2016 Estimated Numbers?
- Top 3 U.S. OTAs: A Comparison Of Operating Margins
- Why Might TripAdvisor Be An Attractive Acquisition Target For Priceline?
- What Has Been The Immediate Impact Of The Brexit Decision On The Online Travel Companies?
- Which Will Be The Most Important Segment To Fuel Priceline’s Future Growth?
- How Fast Are Priceline’s Advertising Revenues Growing?
- Priceline’s Q2 2016 Earnings Preview
- Priceline’s Robust Q2 2016 Suggests That The Company’s Growth Story Is Expected To Continue
- How Is Priceline’s Hotels Division Expected To Trend?
- How Is Priceline’s Revenue Growth Trending?
- Why Did Priceline Discontinue Its ‘Name Your Own Price’ Option For Flight Bookings?
- How Is The U.S. Travel Industry Faring Currently?
- How Might Booking.com Further Help In Priceline’s Growth In The Vacation Rental Segment?
- What Drove Expedia’s Revenue And EBITDA Growth Over The Last Five Years?
- What Is Expedia’s Fundamental Value On The Basis Of Its Forecasted 2015 Results?
- Expedia Year 2015 Review
- How Have Expedia’s Different Segments Performed Over The Last Five Years?
- Expedia Q1 2016 Earnings Results
- How Does Expedia’s Financial State Currently Look?
- What Percentage of Expedia’s Stock Price Can Be Attributed To Growth?
- Who Relies More On Debt: Priceline Or Expedia?
- What Might Be The Long-Term Impacts Of Brexit On The Online Travel Agencies?
- Where Might Expedia Be Looking For Acquisition Opportunities Currently?
- Expedia’s Q2 2016 Earnings Preview
- Expedia’s Second Quarter Growth Was Undermined By Integration Issues Of Its Acquired Entities
- How Do We Expect Expedia’s Hotels Division To Trend?
- How Is Expedia’s Top Line Trending?
- Expedia’s Evolved Relationship With Marriott International And Its Significance
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