Expedia’s Network Advantage and Stewardship Intact as It Names Our Top Candidate Its Next CEO
We are not surprised that Expedia has announced that Mark Okerstrom (currently CFO) will become its next CEO, replacing Dara Khosrowshahi, who is leaving to head Uber. As we highlighted in a note earlier this week, Okerstrom is a good candidate to maintain the company’s network advantage (the source of its narrow moat), given he has been heavily involved with corporate strategy and acquisitions at Expedia since 2006 (nearly as long as Khosrowshahi had). Further, we reiterate our comments from ea...Expedia Group is an online travel company. The company's portfolio of brands includes: Expedia.com?, an online travel brand; Hotels.com?, a global lodging company operating websites with its Hotels.com? Rewards loyalty program; Vrbo?, a global online marketplace with a focus on providing lodging options for families; Egencia?, a corporate travel management company; Hotwire?, an online travel website providing spontaneous travel through its Hot Rate? deals; trivago?, an online hotel metasearch platform; and SilverRail Technologies, Inc., provider of a global rail retail and distribution platform connecting rail carriers and suppliers to both online and offline travel distributors.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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