Peter Kern

Summary List Placement

Travel giant Expedia Group has had a turbulent year.

The company’s former CEO and chief financial officer resigned in December, citing disagreements with the board over strategy. Then, the pandemic hit, causing what new CEO Peter Kern called “likely the worst quarter the travel industry has seen in modern history,” driving Expedia sales down 82%. Expedia cut 12% of its workforce earlier this year. The company is now valued at some $12.7 billion on the stock market.

An Expedia spokesperson said the company saw bookings start to rebound in May and is seeing anecdotal signs of recovery: Trip searches on have seen an uptick, and its vacation rental subsidiary VBRO had more stays on Labor Day this year than in 2019.

It’s unclear how much the pandemic has affected compensation within Expedia, but federal data provides a window into at least some of the highest-paid roles within the company.

American companies have to disclose salaries when they apply for visas on behalf of current or prospective foreign workers. The Office of Foreign Labor Certification publishes the salaries every year. Business Insider analyzed the data to find the highest-paying roles within Expedia.

We analyzed Expedia’s more than 400 active foreign-worker …read more

Source:: Businessinsider – Tech


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