Expedia Group's (NASDAQ: EXPE) shares have gained 14.7% in the past month compared with the Zacks Internet Commerce industry's return of 7.3%. It has also outperformed the Zacks Retail-Wholesale sector's rally of 6.7% over the same timeframe.
EXPE is benefiting from its strong positioning in the online travel booking space. Its robust B2B, Brand Expedia and advertising businesses along with strength in lodging offerings have been driving its momentum across U.S. and non-U.S. regions.
The company's plan to integrate generative AI technology into its services, combined with its efforts to enhance its portfolio through expanding partnerships, is anticipated to boost customer engagement in the near term.
Hence, the question investors should consider is whether these efforts will help EXPE sustain its momentum.
Let's analyze the key near-term drivers of Expedia Group.
Expedia Group, Inc. Price and Consensus
Expedia Group, Inc. price-consensus-chart | Expedia Group, Inc. Quote
Expanding Partnerships Drives EXPE Stock's Prospects
According to a Statista report, the global travel and tourism market is projected to reach $916 billion in 2024 and $1.11 trillion by 2029, reflecting a CAGR of 4% from 2024 to 2029.
Expedia Group is well-positioned to capitalize on this growth prospect, driven by its expanding network of partnerships.
EXPE recently announced its partnership with Ryanair, Europe's leading airline, to offer travelers access to Ryanair's budget-friendly flights. This partnership boosts choice and convenience, providing greater value for travelers looking to enhance their travel experience.
Expedia recently partnered with Alaska Airlines to introduce Stays by Alaska Vacation, a new platform offering exclusive deals ...
