In that year, income of the Expedia Group reached over 12 billion U.S. dollars. Alongside from the Expedia website, the corporate owns Hotels.com, Vrbo, Trivago, and different travel fare aggregators and metasearch engines. Before the dramatic impact of the well being crisis on the travel business, leisure tourism spending worldwide had elevated steadily since 2015. Global expenditure on leisure trips peaked at roughly 4.7 trillion U.S. dollars in 2019, growing by three.1 p.c over the previous year. Overall, leisure tourism spending made up 78.6 % of whole global travel spending in 2019. The acquisition comes at a catastrophic time for the larger travel industry, when lodge revenue and occupancy rates cratered as a outcome of pandemic.
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