In a conference call with analysts, Expedia CEO Dara Khosrowshahi noted that, despite having a major online presence, his company is “only a small player” in a $1.3 trillion travel market that includes giants like Google and many newcomers. Expedia’s bookings account for only 4% of global travel spending.
On the heels of its $1.3 billion acquisition of rival Orbitz Worldwide, Expedia is a “small player” no more.
The deal adds the Orbitz brand and sites including CheapTickets and HotelClub to a lineup that....