COVID-19: New Expedia CEO | All-time lows in Asia Pacific

New CEO for Expedia in effort to fight slump Expedia Group named Peter Kern, its current vice chairman, as CEO, and the company is additionally raising about US$3.2 billion to boost its finances after virus lockdowns have crippled the travel industry. Eric Hart, who’s been with the company for more than a decade, is now chief financial officer. The Seattle-based OTA withdrew its full-year forecast last month, citing the rapid spread of COVID-19 and accompanying travel bans. But the company was fighting off worsening trends before the pandemic and earlier this year had decided to eliminate 3,000 jobs. More from…
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