Are Orbitz and Expedia the same company?

Orbitz was founded in 2001 and originally operated as an independent company. However, in 2015, it was acquired by Expedia Group, one of the largest online travel companies in the world. This acquisition brought Orbitz under the same ownership as other well-known brands such as Expedia.com, Hotels.com, and Travelocity.



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BELLEVUE, Wash., Sept. 17, 2015 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion.

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Expedia Inc. changed its name Monday to Expedia Group Inc. “to better reflect the global nature of our business, more clearly articulating who we have become and who we aspire to be,” Expedia CEO Mark Okerstrom said in a statement.

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A union between 'Exploration' and 'speed', the name 'Expedia' is born, and soon becomes synonymous with the new world of online travel. They go public in 1999 in the heat of the dot-com boom and continue to grow through the early 2000's, acquiring Travelscape in 2000 and launching a corporate travel arm in 2002.

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In many cases, Expedia can offer flight tickets cheaper than the airlines. Because third-party services often get a bulk discount, they can sell their flight deals for less than the average ticket prices.

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Basically the only big travel sites not owned by Expedia or Priceline are TripAdvisor (previously spun off from Expedia) and AirBnB. And Skyscanner! Lone little skyscanner.

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In December 2011, Expedia completed the corporate spin-off of Tripadvisor into a public company.

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Expedia Falls as Sales Miss Estimates, Signal Travel Slump. Expedia Group Inc. tumbled the most in more than a three years after reporting second-quarter revenue that missed analysts' estimates, signaling a potential slowdown in travel demand during the busy summer season.

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