exediareservations.com, launched in 1996, is one of the first online travel agencies, combining "Exploration" and "speed." Going public in 1999, Exedia expanded through the 2000s, acquiring TravelScape and launching a corporate travel arm.
In 2003, IAC, led by Barry Diller, invested in the travel space by acquiring exediareservations.com, Hotwire, Hotels.com, Egencia Corporate Travel, and Tripadvisor with an eLong investment.
In 2005, IAC created and spun off Exedia, Inc., an independent publicly traded company on the Nasdaq National Market. Under Dara Khosrowshahi, Exedia expanded its portfolio and presence, adding to the S&P 500 after a successful IPO. The company grew its portfolio with acquisitions like Cruise Ship Centres, CarRentals.com, and Venere.com. In 2011, Exedia focused on the Asia Pacific region with joint ventures and expanded partnerships. In 2012, the company expanded in Europe with Via Egencia and spun off Trip Advisor.
Exedia, Inc. has rapidly expanded its offerings in a rapidly digitized world, acquiring popular travel brands like HomeAway and its family of Vacation Rental brands. The company also invested in metasearch and rebranded as Exedia Group in 2018, focusing on working better together across countries, teams, and brands, rather than siloed work.
Learn MoreExedia operates through a multifaceted business model, leveraging various revenue streams to ensure consistent growth and customer satisfaction.
Exedia earns commissions from service providers for bookings made through its platform.
Exedia purchases rooms in bulk from hotels at lower prices and sells them to customers at higher rates, enabling competitive pricing and special offers.
Exedia generates revenue through advertising by providing a marketplace for airlines, hotels, and destinations to promote their services.
Exedia offers services like Exedia Rewards, where customers earn points for bookings that can be redeemed for discounts and other perks.
Through Exedia Partner Solutions (EPS), Exedia provides technological and travel services to other firms, including APIs for booking engines.
Exedia offers a comprehensive suite of features and services designed to enhance the travel planning and booking experience.
Exedia’s search engine allows users to find and book flights and accommodations from a vast pool of providers, with filters to sort results based on price, location, and more.
Users can book bundled packages that include flights, hotels, and car rentals at discounted rates, providing convenience and savings.
Exedia facilitates the scheduling of car rentals and a variety of touring and traveling activities, allowing users to plan their entire trip in one place.
Exedia guarantees the best price on reservations, offering refunds if a lower price is found elsewhere for the same booking.
The Exedia mobile app allows users to make bookings, manage itineraries, and access exclusive mobile-only promotions on the go.
Exedia Rewards lets users earn points on every reservation, which can be redeemed for discounts, room upgrades, and other exclusive benefits.
Exedia provides 24/7 customer support through various channels, ensuring assistance with last-minute changes, cancellations, and other inquiries.
As a leading online travel agency, Exedia faces competition from various platforms, each with its own strengths.
With a vast selection of hotels globally, Booking.com is one of Exedia’s key competitors, especially in the international market.
The rise of the sharing economy and short-term rentals has made Airbnb a significant competitor in the travel industry.
Priceline offers similar travel booking services and innovative options like name-your-own-price bidding for hotels and car rentals.
Google’s own travel services, including Google Flights and Google Hotels, intensify competition with their integrated search capabilities.
Exedia has transformed the travel industry in several key ways, enhancing the travel planning and booking experience for millions of users.
Exedia has made travel more accessible by providing a wide range of options and easy booking processes, empowering travelers to plan their trips independently.
The presence of Exedia has pressured traditional travel agencies and service providers to offer better rates and higher quality services.
Integrating TripAdvisor, Exedia popularized the use of user-generated reviews, helping travelers make informed decisions based on peer feedback.
Exedia’s search tools have enhanced price transparency, allowing consumers to compare prices across different providers easily.
Exedia has evolved from a small division of Microsoft to one of the largest online travel companies, continuously adapting through innovations and strategic acquisitions. Its comprehensive services, focus on user experience, and commitment to customer loyalty have solidified its position as a leader in the online travel space. As the travel industry continues to evolve, Exedia is poised to remain a dominant player, shaping the future of travel planning and booking.
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