Expedia 2014 Annual Report Download - page 5

Expedia, Inc.
Form 10-K
For the Year Ended December 31, 2014
Part I. Item 1. Business
We refer to Expedia, Inc. and its subsidiaries collectively as “Expedia,” the “Company,” “us,” “we” and
“our” in this Annual Report on Form 10-K.
Forward-Looking Statements
This Annual Report on Form 10-K contains “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of our
management regarding current expectations and projections about future events and are based on currently
available information. Actual results could differ materially from those contained in these forward-looking
statements for a variety of reasons, including, but not limited to, those discussed in the section entitled “Risk
Factors” as well as those discussed elsewhere in this report. Other unknown or unpredictable factors also could
have a material adverse effect on our business, financial condition and results of operations. Accordingly, readers
should not place undue reliance on these forward-looking statements. The use of words such as “anticipates,”
“estimates,” “expects,” “intends,” “plans” and “believes,” among others, generally identify forward-looking
statements; however, these words are not the exclusive means of identifying such statements. In addition, any
statements that refer to expectations, projections or other characterizations of future events or circumstances are
forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and
changes in circumstances that are difficult to predict. We are not under any obligation and do not intend to
publicly update or review any of these forward-looking statements, whether as a result of new information, future
events or otherwise, even if experience or future events make it clear that any expected results expressed or
implied by those forward-looking statements will not be realized. Please carefully review and consider the
various disclosures made in this report and in our other reports filed with the Securities and Exchange
Commission (“SEC”) that attempt to advise interested parties of the risks and factors that may affect our
business, prospects and results of operations.
Management Overview
General Description of our Business
Expedia, Inc. is an online travel company, empowering business and leisure travelers through technology
with the tools and information they need to efficiently research, plan, book and experience travel. We seek to
grow our business through a dynamic portfolio of travel brands, including our majority-owned subsidiaries that
feature the world’s broadest supply portfolio — including approximately 435,000 properties in 200 countries,
400 airlines, packages, rental cars, cruises, as well as destination services and activities. Travel suppliers
distribute and market products via our traditional desktop offerings, as well as through alternative distribution
channels including mobile and social media, our private label business and our call centers in order to reach our
extensive, global audience. In addition, our advertising and media businesses help other businesses, primarily
travel providers, reach a large audience of travelers around the globe.
Our portfolio of brands includes:
• Expedia.com®, the world’s largest full service online travel agency with localized sites in 31
countries;
• Hotels.com®, a hotel specialist with localized sites in more than 60 countries;
• Hotwire.com®, a leading discount travel site that offers opaque deals in 12 countries throughout
North America, Europe and Asia;
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