Articles tagged “iac”

Having OpenAI CEO Sam Altman on the Expedia Group board for the last few years certainly didn't hurt Expedia's ChatGPT rollout, although it's been using artificial intelligence for years.

Many will argue that Barry Diller's views are contrarian, but he's indeed correct that many sustainability programs are puffery.

It's a question of when, not if, business travel returns for Barry Diller. Booking data from the likes of Marriott and Alaska Airlines back his claim.

At a time when a travel operator like Expedia Group is shedding brands to become more focused, private equity firm Certares is investing in a broad array of travel assets. Divergent strategies for two very different companies. Certares' goal is likely to wrangle synergies while making a ton of money.

Airbus-backed Blade thinks Asia is where the action is, with plans to expand there after this latest blank-check deal. Keep an eye on similar so-called SPAC deals in travel in the new year.

Barry Diller resoundingly endorsed the future of travel when he said "if there's life, there's travel." Maybe that's why the recent $1 billion investment in MGM Resorts won't be the last for Diller in the sector.

Both of Barry Diller's companies, IAC and Expedia, are now invested in a travel recovery, which he thinks will arrive in only a matter of time. Count Diller on the side of those who believe the new normal will resemble its former self more than many people imagine.