Expedia Group Inc. (NASDAQ:EXPE)

Total revenue exhibited a growth trajectory from 2017 to 2019, increasing from US$ 10,060 million to US$ 12,067 million. This trend was interrupted by a severe contraction in 2020, where revenue fell to US$ 5,199 million, representing a decline of approximately 57% relative to the previous year. A recovery phase is observed in 2021, with revenue rising to US$ 8,598 million, although total figures remain below 2019 levels.

Lodging Revenue Analysis

Lodging serves as the primary revenue driver for the organization. This segment grew steadily from US$ 6,851 million in 2017 to a peak of US$ 8,472 million in 2019. While the segment experienced a sharp decline to US$ 4,051 million in 2020, it demonstrated a strong rebound to US$ 6,449 million in 2021, maintaining its position as the largest contributor to total revenue.

Air Revenue Volatility

The air segment showed the most acute sensitivity to external shocks. After remaining relatively stable between 2017 and 2019, with values ranging from US$ 784 million to US$ 869 million, revenue collapsed to US$ 105 million in 2020. The recovery in 2021 to US$ 254 million indicates a significantly slower trajectory toward pre-2020 levels compared to other segments.

Advertising and Media Performance

Revenue from advertising and media remained consistent from 2017 to 2019, peaking at US$ 1,103 million. A substantial decrease to US$ 405 million occurred in 2020, followed by a partial recovery to US$ 603 million in 2021. The segment has yet to recover the majority of the losses sustained during the 2020 downturn.

Other Revenue Streams

Other revenue sources grew from US$ 1,352 million in 2017 to US$ 1,623 million in 2019. Following a drop to US$ 638 million in 2020, this segment showed a robust recovery to US$ 1,292 million in 2021, nearly returning to its 2017 performance levels.