February 2015

Expedia launches twitter campaign #VacationOnMyMind to counter Vacation Deprivation & encourage work life balance

On February 06, 2015 at 12:36 PM
Expedia launches twitter campaign #VacationOnMyMind to counter Vacation Deprivation & encourage work life balance

New Delhi, India– February 6, 2015:The annual Vacation Deprivation Survey, which acted as the inspiration for the #VacationOnMyMind Twitter Campaign suggested that workaholic Indians are mostly deprived for holidays, placing India as the fourth most vacation deprived nation globally with 67% of Indians saying they feel very or somewhat vacation deprived. The survey also reveals that 64% of Indians who feel vacation deprived say their vacation deprivation stems from not getting enough vacation days, while 36% say their deprivation stems from not taking all of their vacation days. Indians are increasingly choosing to take multiple short vacations, than a longer one and disconnect with work. Read more

Expedia Increases Ownership in AirAsia-Expedia Joint Venture

On February 17, 2015 at 12:29 PM
Expedia Increases Ownership in AirAsia-Expedia Joint Venture

New Delhi, February 17,2015 – Expedia, Inc. (NASDAQ: EXPE) announced today that it has entered into an agreement with AirAsiaBerhad to purchase an additional 25% equity interest of AAE Travel Pte. Ltd., the joint venture formed between the two companies in 2011, for cash consideration of $86.3 million. This investment will increase Expedia’s total ownership in the joint venture to 75%. Read more