Expedia Group: Air revenue down 3% in 3Q2019

    Expedia Group reported (06-Nov-2019) lodging accounted for 73% of total worldwide revenue in 3Q2019, followed by advertising and media at 9% and air travel at 6%. All other revenues accounted for the remaining 12%. Air revenue decreased 3% year-on-year, driven by a 10% decrease in revenue per ticket, partly offset by an 8% increase in air tickets sold. The decrease in revenue per ticket is primarily related to the reclassification of certain partner fees to other revenue and a shift in product mix. The increase in air tickets sold was driven by growth at Expedia Partner Solutions, largely related to enterprise deals launched in late 2018.