Powered by

BUSINESS BEAT; Travel sites squeezed by Google; Expedia and other online agents say search engine changes are to blame for a dismal third quarter.

Nov 09, 2019 - Los Angeles Times

Google's moves to cram the top of its search results with more and more advertising are hammering the online travel industry, one of the internet giant's biggest customers.

Expedia Group Inc. and TripAdvisor Inc. reported dismal third-quarter results this week and laid the blame on Google. Their stocks dropped, as did shares of Booking Holdings Inc., whose brands include Kayak, Priceline and Booking.com. That wiped out a combined market value of more than $13 billion from the three online ...