Expedia Spent $279 Million on Acquisitions in Q1, Airbnb Gained $70 Million on Tiqets Deal: Scoop

AI Summary

Expedia has reported expenditures totaling $279 million on acquisitions in the first quarter, while Airbnb's investment in Tiqets yielded a $70 million profit. These strategic moves highlight the competitive landscape of travel companies seeking to expand their market share.

Expedia was the company that acquired Tiquets. Airbnb didn't buy the experiences brand, but seems to have made a solid return on its Tiqets investment when it cashed out.