Expedia Group Inc
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$789.00 | Fbbmby | Mfgwqgyw |
Expedia's Enhanced Unified Platform Should Aid Intermediate-Term Margin Expansion
Business Strategy and Outlook
Expedia's migration to a unified platform during 2020-23, which shares data, supply and loyalty (OneKey) across its brands, versus having it in a siloed structure previously, stands to support its network advantage, the source of its narrow moat, and foster margin expansion opportunity. We think worker flexibility will increase long-term travel demand. We developed this positive stance because higher-income occupations (like those in technology, finance, legal, and architecture) are in industries that are the most likely to support ongoing work from remote locations.