Business

Expedia CEO urges Covid vaccine for everyone, but says it won’t be necessary for employees

Expedia maintains a vaccine mandate against Covid across society even as other large companies begin to implement it, CEO Peter Kern told CNBC on Friday.

“We’re trying to find solutions that have the widest application across our entire employee base, but there are simple answers. … We’re all going to learn to live with Covid,” Kern said in “Squawk Box.”

“If we were all vaccinated in the United States, we wouldn’t talk much about the delta variant or anything. But the world is a big place. We’re not going to vaccinate 8 billion people overnight,” he said. said Kern, estimating the world population, that the United States Census Bureau says it is nearly 7.8 billion and counting.

Comments from the CEO’s online travel platform came when United Airlines announced Friday morning that it would ask its 67,000 U.S. employees to be vaccinated no later than Oct. 25 or the end of the risk – a first among major U.S. airlines and a move that is likely to put pressure on its rivals. Other airlines, including Delta Air Lines, have always chosen to encourage employees and customers to get vaccinated instead of requesting it.

“We have offices in 55 countries around the world; there is no one answer for everyone,” Kern said. “I think everyone getting vaccinated is a good thing, and I think companies are looking to find ways to push their employees in the right ways, and we certainly want our employees to be vaccinated as well.”

Kern said travel activity has been adversely affected by the most contagious delta variant that is spreading in the United States and around the world. “We’ve certainly seen tremendous demand coming in in the summer and there’s always a pretty strong demand. But of course on the edges, delta has had an impact.”

Kern said business trips have been “greatly delayed” with delayed plans to return to the office likely to reverse that trend. However, he said he believes Expedia’s corporate, international and national bookings will return to pre-pandemic levels by next summer.

When Travel Started Making its Return in April, Expedia changed its marketing strategy by updating its app and websites to focus more on working with consumers to plan trips rather than focusing solely on the number. of reservations. The company raised $ 3.2 billion in new capital last year as it reduced costs during the pandemic peak.

“I think you’ll see us investing better, smarter and more organized against our brands,” Kern said. “You’ll see that our brands work together more clearly for a kind of collective goods as opposed to competing with each other.”

Expedia has announced it after the bell rang a second-quarter adjusted earnings per share of $ 1.13. Analysts had expected a loss of 65 cents per share. However, revenues of $ 2.11 billion were better than expected. It’s a 273% increase from the number of pandemic-depressed entries a year ago, but also about a shy 40% from pre-Covid second quarter of 2019.

The company’s brands include its namesake Expedia.com and Hotels.com, Vrbo, Trivago, Orbitz and Hotwire.


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