Expedia CEO Plays the Long Game in Short-Term Rentals
Is Airbnb going to eat Expedia’s lunch? The brand name Vrbo, really? Expedia CEO Mark Okerstrom faces some real challenges as the online travel agency pecking order will likely be disrupted in coming years.
Whoever has the most toys, or in this case short-term rentals and hotels, wins.
"At the end of the day, it's going to be all about who has the most choice, best prices and the best user experiences in choosing and booking the places for you to stay while traveling," Okerstrom told Skift.
Okerstrom provided his thoughts on short-term rentals, the evolution of the way customers pay for their reservations, and the future of travel and Expedia Group's role in it as a prelude to his on-stage interview at Skift Global Forum in Manhattan next week.
Following is an interview with the Expedia Group CEO: