Expedia execs address Choice, Best Western situations
By Jeff Higley
While Expedia executives have been tight-lipped about the company’s mid-October decision to take most Choice Hotels International properties off of its Expedia.com and Hotels.com Web sites because of an expired contract, president and CEO Dara Khosrowshahi and CFO Michael Adler addressed it during the company’s third-quarter earnings conference call Thursday. During the 52-minute conference call, Khosrowshahi was asked by JPMorgan analyst Imran Khan to give some color on the situation with Choice and a potential similar situation with Best Western International. As reported earlier this week on HotelNewsNow.com, Best Western SVP of marketing and sales Dorothy Dowling said during the company’s convention that it was balking at Expedia’s demand for last room availability, a three-year term with no exit clause and a 25-percent net rate.