August 01, 2014

Welcome to the future of business travel

The sharing economy, with all its not-so-business-friendly regulatory hassles and insurance issues, is now just part of the way we travel--both for pleasure and for business. But beginning this week, it's trying to look a little less bohemian, and a little more business-casual.

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Expedia profit rises on higher hotel, flight bookings

Expedia Inc reported better-than-expected quarterly results, driven by higher hotel and flight bookings. Revenue from hotel bookings rose 23 percent - accounting for 71% of Expedia's total revenue - while air tickets revenue rose 22 percent. Advertising and media revenue rose 54 percent to $123 million.

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