Expedia CEO Says Its Acquisitions Will Mean Lower Consumer Prices
Skift Take
In a twist, Expedia is now arguing that consolidation in the travel market -- i.e. Expedia acquiring everything that isn't bolted down -- will benefit consumers because prices will come down. That hasn't happened in the airline industry but we'll see how it plays out for hotel rates.
Expedia is arguing that acquisitions such as its proposed $1.3 billion purchase of Orbitz Worldwide will mean lower prices for consumers.
In an interview on CNBC May 1, Expedia Inc. CEO Dara Khosrowshahi defended the merits of seeing the U.S. Department of Justice give the go-ahead for Expedia's acquisition of Orbitz. The review is expected to take much of the rest of 2015, if not longer.
As Expedia brings new companies on board, it should mean lower prices for consumers, he said. Since 2014, Expedia has acquired Travel
