Expedia Inc. is an American travel company with headquarters in Bellevue, Washington. Founded in 1996, Expedia was initially a division within Microsoft operating solely as an online travel booking agency. The company has since grown to become the world’s leading online travel agency. In 2016, the company generated annual global revenue of around 8.77 billion U.S. dollars and was recorded to have had an estimated number of 18,000 employees worldwide in 2015.
The word "Expedia" is derived from a combination of the words “exploration” and “speed”, and the company’s mission statement professes to “revolutionize travel through the power of technology.” With total assets worldwide amounting to over 15 billion U.S. dollars in 2016 alone, Expedia covers virtually every facet of researching, planning, and booking travel, from choosing a seat on an airplane right up to planning what to do after arriving your destination. Expedia also owns and operates an extensive portfolio of some of the most notable online travel brands consisting primarily of travel fare aggregator websites and travel metasearch engines like Expedia.com, Orbitz and Travelocity. These also include accommodation and lodging agencies such as, Hotel.com and Venere.com, as well as online vacation rental services such as HomeAway.
Similar to the annual increase in digital travel sales worldwide, the gross bookings of Expedia also continue to rise exponentially. The company currently operates over 200 travel booking websites in more than 75 countries across the globe, with over 350,000 lodging and over 500 airline listings.
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