BLOOMBERG • November 16, 2020
Expedia Group Chief Executive Office Peter Kern, who assumed leadership of the company in April, is steadfast in his conviction that travel’s recovery isn’t just on the horizon but around the corner. And it won’t be just on forested hiking trails and scenic byways but in big, dense, boarded-up cities, too. Kern sees his decent-enough summer sales as proof that there is pent-up demand and reason to be hopeful that business can swell quickly again. Its third-quarter earnings report shows a company that’s still pulling in $1.5 billion in quarterly revenue, exceeding mid-pandemic expectations, even though it represents $221 million in losses.