EXPE · 10-Q · 2026Q3 · Full report

Distribution Channels and Partnerships

Expedia Group, Inc. · 2026-11-05 · Importance null · Surprise 24

Expedia supports both merchant hotel bookings, where travelers pay Expedia at booking, and agency bookings, where travelers pay the hotel at the time of stay. Its hybrid Expedia Traveler Preference program lets travelers choose between those payment options. The agency hotel model has seen rapid adoption in Europe, and alternative payment timing across the industry can put pressure on historical business models.

Key facts

• Expedia Group could face pressure on air remuneration as carriers combine, more carriers shift to its direct-connect technology, supply agreements renew and it adds airlines in new markets. source
• Expedia Group expects its B2B business to benefit from product and technology work done for its B2C brands as it seeks to strengthen its B2B position. source
• Expedia Group offers hotel partners merchant (Expedia Collect) and agency (Hotel Collect) models through agency-only contracts and its hybrid Expedia Traveler Preference program, which lets travelers choose whether to pay Expedia Group at booking or the hotel at the time of stay. source