{"success":true,"data":{"pressRelease":{"id":"40764","rtpr_id":"nBwvCTG7a","ticker":"EXPE","exchange":"NASDAQ","all_tickers":["EXPE"],"title":"Expedia Group announces agreement to acquire CarTrawler, advancing strategy to build the most complete B2B travel platform","author":"Business Wire","published_at":"2026-05-20T13:00:00.614Z","article_body":"Expedia Group announces agreement to acquire CarTrawler, advancing strategy to\nbuild the most complete B2B travel platform\n\nAcquisition enhances Expedia Group’s ability to deliver mobility and\nInsurtech solutions for travelers worldwide through its B2B platform and\nconsumer brands\n\nExpedia Group today announced that it has entered into an agreement to acquire\nCarTrawler, an Ireland-based B2B platform powering car rental, ground\ntransport and Insurtech solutions for the global travel industry.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260519556732/en/\n(https://www.businesswire.com/news/home/20260519556732/en/)\n\nCarTrawler’s platform brings exceptional depth, breadth and expertise across\nthese areas, connecting 550+ car rental suppliers and 500+ mobility suppliers\nto more than 300 leading travel brands around the world, including more than\n70 airlines.\n\nCarTrawler’s capabilities, coupled with Expedia Group’s extensive scale,\ntechnology and partner network, unlocks several new growth opportunities.\nSupply partners get access to incremental demand through a much larger\ndistribution base. B2B demand partners get richer, more comprehensive access\nto car rental, ground transport and Insurtech supply at highly competitive\nrates as well as customized technology for seamlessly integrating these\nsolutions into their existing platforms. Travelers in turn get unrivaled\nchoice and superior value, whether booking through Expedia Group brands or via\nB2B partners.\n\n“The CarTrawler acquisition is another huge, exciting step towards our\nambition of building the most complete B2B travel platform,” said Alfonso\nParedes, President B2B & Chief Commercial Officer, Expedia Group. “Last\nyear, Expedia Group B2B set out a bold vision to expand our APIs beyond\nlodging. Acquiring Tiqets helped us solve for activities at scale. Adding\nCarTrawler now extends that same strategy into car rentals, ground transport\nand Insurtech. CarTrawler’s focus and differentiated expertise in these\nareas complements our strengths in B2B scale and technology, enabling us to\nmassively amplify our joint value proposition to partners, suppliers, and\ntravelers.”\n\n“CarTrawler’s acquisition by Expedia Group is a testament to the strength\nof our technology, the drive of our people, our track record of innovation,\nand our accelerating commercial momentum,” said Peter O’Donovan, CEO of\nCarTrawler. “This exciting combination allows us to advance our mission as\npart of travel’s best and most complete B2B engine, unlocking new\nopportunities for innovation and growth.”\n\nThe transaction, which remains subject to customary closing conditions, is\nexpected to close in the second half of 2026.\n\nAbout Expedia Group\n\nExpedia Group, Inc. (NASDAQ: EXPE) is the global travel marketplace with one\npurpose: to help travelers explore the world, one journey at a time. Expedia\nGroup™ connects travelers, partners, and advertisers through its trusted\nbrands, leading technology, and rich first-party data, delivering predictive,\npersonalized experiences that shape the future of travel.\n\nExpedia Group’s ecosystem includes three flagship consumer brands –\nExpedia®, Hotels.com®, and Vrbo® – the largest B2B travel business, and a\npremier advertising network. Guided by an experienced and passionate global\nteam, Expedia Group helps millions of travelers in more than 70 countries\nexplore the world with confidence and ease.\n\n© 2026 Expedia, Inc., an Expedia Group company. All rights reserved. Expedia\nGroup and the Expedia Group logo are trademarks of Expedia, Inc. CST:\n2029030-50.\n\nFor more information, visit www.expediagroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.expediagroup.com%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=www.expediagroup.com&index=1&md5=cec885047430aa9920a5ba2b32360af5)\n.\n\nFollow Expedia Group on Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2Fexpedia.group%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Facebook&index=2&md5=fde1efe04c7ee27f96db55a986ebb1e8)\n, Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fexpediagroup%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Instagram&index=3&md5=89760bb67003de9da2ae3a46638782df)\n, X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fx.com%2FExpediaGroup&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=X&index=4&md5=0d9e4dcf3379a0b6bf8e6a5f4bed5a82)\nand 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X.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3883476-1%26h%3D3580843104%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3788513-1%2526h%253D320964885%2526u%253Dhttps%25253A%25252F%25252Ftwitter.com%25252Fhotelsdotcom%2526a%253DTwitter.%26a%3DTwitter.&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=X.&index=20&md5=05832ed970f775d6fac4698197cd9e86)\n\nAbout CarTrawler\n\nCarTrawler is a leading B2B technology platform powering car rental, ground\ntransport and insurtech solutions for the global travel industry. Through its\nproprietary Connect Platform, CarTrawler enables airlines, online travel\nagencies and travel providers to unlock high-margin ancillary revenue and\ndeliver seamless end-to-end customer experiences.\n\nTrusted by many of the world’s leading travel brands, including Ryanair,\nAmerican Airlines, Air France-KLM, Uber, easyJet, eDreams ODIGEO and American\nExpress, CarTrawler connects partners to a global network spanning over 50,000\nlocations.\n\nHeadquartered in Dublin, with offices in Paris, London, New York and Sydney,\nCarTrawler’s team of over 300 specialists combines deep industry expertise\nwith advanced technology to drive partner success at scale. Its platform\nleverages data science, machine learning and dynamic pricing to optimise\nperformance, increase conversion and maximise revenue.\n\nForward Looking Statements\n\nAll statements in this press release, other than statements of historical\nfact, are forward-looking statements, including, without limitation,\nstatements regarding the anticipated benefits and timing of the proposed\ntransaction. These statements involve risks and uncertainties, and actual\nresults may differ materially from any future results expressed or implied by\nthe forward-looking statements. Expedia Group assumes no obligation to update\nany forward-looking statements as a result of new information, future events,\nor otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260519556732/en/\n(https://www.businesswire.com/news/home/20260519556732/en/)\n\nMedia contact: press@expedia.com (mailto:press@expedia.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwvCTG7a","title":"Expedia Group announces agreement to acquire CarTrawler, advancing strategy to build the most complete B2B travel platform","author":"Business Wire","ticker":"EXPE","created":"2026-05-20T13:00:00.614Z","tickers":["EXPE"],"exchange":"NASDAQ","article_body":"Expedia Group announces agreement to acquire CarTrawler, advancing strategy to\nbuild the most complete B2B travel platform\n\nAcquisition enhances Expedia Group’s ability to deliver mobility and\nInsurtech solutions for travelers worldwide through its B2B platform and\nconsumer brands\n\nExpedia Group today announced that it has entered into an agreement to acquire\nCarTrawler, an Ireland-based B2B platform powering car rental, ground\ntransport and Insurtech solutions for the global travel industry.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260519556732/en/\n(https://www.businesswire.com/news/home/20260519556732/en/)\n\nCarTrawler’s platform brings exceptional depth, breadth and expertise across\nthese areas, connecting 550+ car rental suppliers and 500+ mobility suppliers\nto more than 300 leading travel brands around the world, including more than\n70 airlines.\n\nCarTrawler’s capabilities, coupled with Expedia Group’s extensive scale,\ntechnology and partner network, unlocks several new growth opportunities.\nSupply partners get access to incremental demand through a much larger\ndistribution base. B2B demand partners get richer, more comprehensive access\nto car rental, ground transport and Insurtech supply at highly competitive\nrates as well as customized technology for seamlessly integrating these\nsolutions into their existing platforms. Travelers in turn get unrivaled\nchoice and superior value, whether booking through Expedia Group brands or via\nB2B partners.\n\n“The CarTrawler acquisition is another huge, exciting step towards our\nambition of building the most complete B2B travel platform,” said Alfonso\nParedes, President B2B & Chief Commercial Officer, Expedia Group. “Last\nyear, Expedia Group B2B set out a bold vision to expand our APIs beyond\nlodging. Acquiring Tiqets helped us solve for activities at scale. Adding\nCarTrawler now extends that same strategy into car rentals, ground transport\nand Insurtech. CarTrawler’s focus and differentiated expertise in these\nareas complements our strengths in B2B scale and technology, enabling us to\nmassively amplify our joint value proposition to partners, suppliers, and\ntravelers.”\n\n“CarTrawler’s acquisition by Expedia Group is a testament to the strength\nof our technology, the drive of our people, our track record of innovation,\nand our accelerating commercial momentum,” said Peter O’Donovan, CEO of\nCarTrawler. “This exciting combination allows us to advance our mission as\npart of travel’s best and most complete B2B engine, unlocking new\nopportunities for innovation and growth.”\n\nThe transaction, which remains subject to customary closing conditions, is\nexpected to close in the second half of 2026.\n\nAbout Expedia Group\n\nExpedia Group, Inc. (NASDAQ: EXPE) is the global travel marketplace with one\npurpose: to help travelers explore the world, one journey at a time. Expedia\nGroup™ connects travelers, partners, and advertisers through its trusted\nbrands, leading technology, and rich first-party data, delivering predictive,\npersonalized experiences that shape the future of travel.\n\nExpedia Group’s ecosystem includes three flagship consumer brands –\nExpedia®, Hotels.com®, and Vrbo® – the largest B2B travel business, and a\npremier advertising network. Guided by an experienced and passionate global\nteam, Expedia Group helps millions of travelers in more than 70 countries\nexplore the world with confidence and ease.\n\n© 2026 Expedia, Inc., an Expedia Group company. All rights reserved. Expedia\nGroup and the Expedia Group logo are trademarks of Expedia, Inc. CST:\n2029030-50.\n\nFor more information, visit www.expediagroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.expediagroup.com%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=www.expediagroup.com&index=1&md5=cec885047430aa9920a5ba2b32360af5)\n.\n\nFollow Expedia Group on Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2Fexpedia.group%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Facebook&index=2&md5=fde1efe04c7ee27f96db55a986ebb1e8)\n, Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fexpediagroup%2F&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Instagram&index=3&md5=89760bb67003de9da2ae3a46638782df)\n, X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fx.com%2FExpediaGroup&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=X&index=4&md5=0d9e4dcf3379a0b6bf8e6a5f4bed5a82)\nand 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Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3883476-1%26h%3D689511023%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3788513-1%2526h%253D1296596781%2526u%253Dhttps%25253A%25252F%25252Fwww.instagram.com%25252Fhotelsdotcom%25252F%25253Fhl%25253Den%2526a%253DInstagram%26a%3DInstagram&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Instagram&index=17&md5=7bb358431da5653d2d3ca62a5a6e7769)\n, TikTok\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3883476-1%26h%3D2375760448%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3788513-1%2526h%253D2360821661%2526u%253Dhttps%25253A%25252F%25252Fwww.tiktok.com%25252F%252540hotelsdotcom%2526a%253DTikTok%26a%3DTikTok&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=TikTok&index=18&md5=f98b6c1d4d09e35ae1bb41ec19b7b2a9)\n, Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3883476-1%26h%3D730267073%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3788513-1%2526h%253D569017080%2526u%253Dhttps%25253A%25252F%25252Fwww.facebook.com%25252FHotels.comUS%25252F%2526a%253DFacebook%26a%3DFacebook&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=Facebook&index=19&md5=8b7066cd0ec7a357f2bcdc9ac8d4a7ff)\nand X.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3883476-1%26h%3D3580843104%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3788513-1%2526h%253D320964885%2526u%253Dhttps%25253A%25252F%25252Ftwitter.com%25252Fhotelsdotcom%2526a%253DTwitter.%26a%3DTwitter.&esheet=54538271&newsitemid=20260519556732&lan=en-US&anchor=X.&index=20&md5=05832ed970f775d6fac4698197cd9e86)\n\nAbout CarTrawler\n\nCarTrawler is a leading B2B technology platform powering car rental, ground\ntransport and insurtech solutions for the global travel industry. Through its\nproprietary Connect Platform, CarTrawler enables airlines, online travel\nagencies and travel providers to unlock high-margin ancillary revenue and\ndeliver seamless end-to-end customer experiences.\n\nTrusted by many of the world’s leading travel brands, including Ryanair,\nAmerican Airlines, Air France-KLM, Uber, easyJet, eDreams ODIGEO and American\nExpress, CarTrawler connects partners to a global network spanning over 50,000\nlocations.\n\nHeadquartered in Dublin, with offices in Paris, London, New York and Sydney,\nCarTrawler’s team of over 300 specialists combines deep industry expertise\nwith advanced technology to drive partner success at scale. Its platform\nleverages data science, machine learning and dynamic pricing to optimise\nperformance, increase conversion and maximise revenue.\n\nForward Looking Statements\n\nAll statements in this press release, other than statements of historical\nfact, are forward-looking statements, including, without limitation,\nstatements regarding the anticipated benefits and timing of the proposed\ntransaction. These statements involve risks and uncertainties, and actual\nresults may differ materially from any future results expressed or implied by\nthe forward-looking statements. Expedia Group assumes no obligation to update\nany forward-looking statements as a result of new information, future events,\nor otherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260519556732/en/\n(https://www.businesswire.com/news/home/20260519556732/en/)\n\nMedia contact: press@expedia.com (mailto:press@expedia.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-20T13:00:00.642773708Z","server_sent_at_ms":1779282000642},"received_at":"2026-05-20T13:00:00.876Z","source_url":"https://www.businesswire.com/news/home/20260519556732/en/"},"analysis":{"id":"30208","press_release_id":"40764","analysis_json":{"industry":{"label":"Hotels, Restaurants & Leisure","sector":"Consumer Discretionary"},"redFlags":["No deal value disclosed in the press release","Integration risk of combining distinct B2B technology stacks"],"eventType":"m_and_a","narrative":"Expedia Group has entered into an agreement to acquire CarTrawler, an Ireland-based B2B platform specializing in car rental, ground transport, and Insurtech solutions.\n\nThe deal advances Expedia’s strategy to build the most complete B2B travel platform, extending its API ecosystem beyond lodging and activities (via Tiqets) into mobility and insurance.\n\nCarTrawler connects over 550 car rental suppliers and 500 mobility suppliers to more than 300 leading travel brands, including major airlines like American Airlines and Ryanair.\n\nThe transaction is expected to close in the second half of 2026, subject to customary closing conditions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Expedia doubles down on B2B strategy with CarTrawler acquisition, targeting high-margin ancillary revenue in car rentals and insurance."},"keyFigures":{"customDimensions":{"global_locations":"50,000+","airlines_connected":"70+","mobility_suppliers":"500+","car_rental_suppliers":"550+","travel_brands_connected":"300+"}},"quotedText":"The CarTrawler acquisition is another huge, exciting step towards our ambition of building the most complete B2B travel platform","namedEntities":{"people":[{"name":"Alfonso Paredes","role":"President B2B & Chief Commercial Officer, Expedia Group"},{"name":"Peter O’Donovan","role":"CEO of CarTrawler"}],"products":["CarTrawler","Connect Platform","Expedia","Hotels.com","Vrbo"],"companies":[{"name":"Expedia Group","ticker":"EXPE","relationship":"acquirer"},{"name":"CarTrawler","relationship":"target"},{"name":"Tiqets","relationship":"prior acquisition"},{"name":"Ryanair","relationship":"customer"},{"name":"American Airlines","relationship":"customer"},{"name":"Air France-KLM","relationship":"customer"},{"name":"Uber","relationship":"customer"},{"name":"easyJet","relationship":"customer"},{"name":"eDreams ODIGEO","relationship":"customer"},{"name":"American Express","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"Strategic acquisition of a leading B2B travel platform (CarTrawler) to expand Expedia's API ecosystem beyond lodging into car rentals, ground transport, and insurance. This follows the prior Tiqets acquisition, signaling a clear, aggressive strategy to build a comprehensive B2B travel engine. No deal value disclosed, but the strategic fit is high for a mega-cap issuer."},"tickerRelevance":{"others":[],"primary":"EXPE"},"globalImportance":75,"audienceRelevance":80,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"strategic_m_and_a","sectorWeight":"high","householdBrandBoost":true,"marketCapAdjustment":"positive"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Expedia Group has entered into an agreement to acquire CarTrawler, an Ireland-based B2B platform specializing in car rental, ground transport, and Insurtech solutions.\n\nThe deal advances Expedia’s strategy to build the most complete B2B travel platform, extending its API ecosystem beyond lodging and activities (via Tiqets) into mobility and insurance.\n\nCarTrawler connects over 550 car rental suppliers and 500 mobility suppliers to more than 300 leading travel brands, including major airlines like American Airlines and Ryanair.\n\nThe transaction is expected to close in the second half of 2026, subject to customary closing conditions.","key_figures":{"customDimensions":{"global_locations":"50,000+","airlines_connected":"70+","mobility_suppliers":"500+","car_rental_suppliers":"550+","travel_brands_connected":"300+"}},"named_entities":{"people":[{"name":"Alfonso Paredes","role":"President B2B & Chief Commercial Officer, Expedia Group"},{"name":"Peter O’Donovan","role":"CEO of CarTrawler"}],"products":["CarTrawler","Connect Platform","Expedia","Hotels.com","Vrbo"],"companies":[{"name":"Expedia Group","ticker":"EXPE","relationship":"acquirer"},{"name":"CarTrawler","relationship":"target"},{"name":"Tiqets","relationship":"prior acquisition"},{"name":"Ryanair","relationship":"customer"},{"name":"American Airlines","relationship":"customer"},{"name":"Air France-KLM","relationship":"customer"},{"name":"Uber","relationship":"customer"},{"name":"easyJet","relationship":"customer"},{"name":"eDreams ODIGEO","relationship":"customer"},{"name":"American Express","relationship":"customer"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-20T13:01:23.882Z","global_importance":75,"audience_relevance":80,"importance_components":{"tickerTier":"mega-cap","eventGravity":"strategic_m_and_a","sectorWeight":"high","householdBrandBoost":true,"marketCapAdjustment":"positive"}},"durationMs":26183,"modelName":"george-droid-qwen-72b"}}