Expedia CEO Peter Kern told CNBC Monday that business travelers are back. During the dark times of the COVID pandemic in late 2020, expect They will return and that day has come.
Speaking, Kern said, “You’re here in Seattle. And I travel all the time. So, I think business trips are back. I said from the start that business travel would be back. It’s over.” with Jim Cramerwho was in Expedia’s main city for “Mad Money”.
Fast forward to today and it did, said Kern. “People are traveling crazy. If you’re in an airport you know it. Everyone is complaining about it. They’re too crowded, not enough staff.”
Last year, Expedia agree to sell Its corporate travel arm is American Express Global Business Travel. As part of the transaction, Expedia became a shareholder in Amex GBT and entered into a long-term strategic partnership.
Kern also operates Expedia of the same name as well as other companies in the travel industry including Hotels.com, Hotwire, Travelocity and Orbitz. The company is also behind Vrbo, which is an acronym for Vacation Rentals by Owner. compete against Airbnb.
With all of these brands under one roof, Kern and Expedia definitely have their fingers on the pulse of the travel industry. The CEO said travel was booming. “There’s no doubt all summer and it’s still going strong into September. There doesn’t seem to be much calm,” he said.
