Expedia Spends $676 Million on Tiqets, CarTrawler and Layla

Expedia has ramped up its dealmaking activity, spending $676 million on three acquisitions during the first nine months of 2026 according to its third-quarter financial filing. While this figure represents a fraction of the nearly $6 billion spent during its massive 2015 shopping spree, it marks the company's most active acquisition streak in years.

Back in 2015, Expedia focused heavily on consumer-facing brands to capture market share, acquiring companies such as HomeAway (now Vrbo), Orbitz Worldwide, and Travelocity. However, the 2026 acquisition targets demonstrate a clear shift in strategy toward business-to-business (B2B) operations and underlying technology.

Although the financial filing did not explicitly name the acquired companies, reporting and industry sources identified them as Amsterdam-based attractions platform Tiqets, Dublin-based car rental and ground transportation platform CarTrawler, and Berlin-based AI trip planning startup Layla. Two of these three targets operate within Expedia's B2B segment.

Stock photo for illustration only, not from the actual event

Out of the total $676 million, $4 million was accrued while the remaining balance was paid in cash, with the acquired targets bringing in $124 million of their own cash. Expedia recorded $484 million of the purchase price as goodwill and allocated $327 million toward intangible assets such as technology and partner relationships.