6 Expedia Group Takeaways From Its Annual Report

Propelled by sales of travel insurance and car rental bookings, Expedia Group's "other" service category in 2021 represented 15 percent of total revenue — and that was five times larger than flights and more than double the company's advertising and media business.

"All other revenue, which includes car rental, insurance, destination services, fee revenue related to our corporate travel business (through Egencia's sale in November 2021) and Bodybuilding.com (through its sale in May 2020), increased 103% in 2021 from growth in travel insurance products as well as car," Expedia Group said in its annual 10-K report.

That category grew from 13.4 percent of Expedia Group's total revenue in pre-pandemic 2019 to 15 percent in 2021 as lockdowns and ever-changing destination arrival and departure rules caused traveler angst, and car rental prices soared.

With the sale of Egencia to American Express Global Business Travel in November, the "other" category is likely to decrease as a percentage of total revenue because Egencia's fee revenue won't pump it up. Expedia breaks down its business into four service categories: Lodging, retail, advertising and media, and "other."

Here are other takeaways from Expedia Group's annual sum-up:

Expedia Tilts Toward Lodging at Expense of Flig