Expedia CEO on Changing the Relationship With Hotels
by Dennis Schaal, Skift
The way Expedia has worked with hotels over the last decade or more is about to undergo dramatic changes as rate-parity provisions will be less of a priority.
That’s the signal that the hotel industry should take from an interview that Expedia Inc. CEO Dara Khosrowshahi gave to CNBC’s Squawk Box show May 2.
Asked whether rate-parity clauses between hotels and online travel agencies are under fire, Khosrowshahi said that Expedia will be more flexible in the way it works with hotels in the future, and that the standard way Expedia and hotels did business in the past will become less of a factor in the future. ...