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Expedia Profits Jump 55 Percent

Oct 29, 2010 9:16 AM

From BloombergBusinessweek:
Management Says Boost in Ad Spending Is Driving Room Rates
Expedia Inc. reported a 55 percent jump in its third-quarter net income on Thursday as the online travel company saw stronger travel trends and its advertising revenue increased. The company said both the number of travel bookings and the average hotel room rate rose during the quarter around the globe. Click here for the full story.

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