Expedia is going places
October 21, 2008 |
Dara Khosrowshahi has given Expedia a new verve since he took the top slot in 2005. But how does Barry Diller?s young prot?g? protect his firm in a slump?
Founded by Microsoft, floated in 1999, bought by Diller?s USA Networks (later IAC) in 2002, it has been given a new lease of life by Khosrowshahi, driven into 54 countries and confounding predictions that its suppliers would soon sidestep such intermediary sites.
But now all bets are off. Expedia, which also owns Hotels.com and Tripadvisor, reports third-quarter figures in a fortnight. Some suspect the squeeze is being felt - Khosrowshahi just counsels patience. ?Let?s wait a month, get stability and then see where the consumer is,? he says.
?We have been quite conservative with our balance sheet. As of last quarter we have $800m on our books and $800m of debt.?
Get the full story at Times Online
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