Expedia Has No Plans to Spin Off Vrbo for Valuation 'Games'
Skift Take
Expedia has no plans to spin off whole-home site Vrbo following Airbnb's blockbuster IPO. Instead, the company is doubling down on expanding the site through its various channels amid a strong pandemic vacation rental market.
Expedia Group is doubling down on what it sees as core assets during the coronavirus pandemic despite some pressure to spin off assets like home rental site Vrbo to boost shareholder value following Airbnb's blockbuster initial public offering in December.
The Seattle-based company does not plan to play valuation "games" even as it weathers the crisis, Expedia Group CEO Peter Kern said during Skift’s Online Travel and Distribution Summit on Wednesday.
“Just to spin off Vrbo, which is everyone's favorite question these days, just to get a moment of
