Expedia.com was launched in 1996 by a small division of Microsoft as a new way for consumers to research and book travel.
In 1999, the division was spun off as a separate company and went public. In 2002, IAC took a controlling interest in Expedia.
Today, Expedia is the largest online travel portal with over 100 websites. The company operates worldwide in more than 30 languages with over 22,000 employees. Annual revenue in 2017 was $10.6 billion.
Online booking site Nustay filed a complaint in May 2019 with the European Unions claiming Booking.Com and the Expedia group were attempting to “kill off” the start-up company by cutting prices and punishing hotels that listed with them.
The state of Utah is also investigating Marriott Hotels and Expedia to see if they violated anti-trust laws by limiting searches to keep prices artificially high.