Expedia Group

Expedia Group is one of the world's largest online travel companies, operating brands including Expedia, Hotels.com and Vrbo. It connects travellers with hotels, flights, car rentals and vacation rentals, earning fees on bookings across a business that is highly sensitive to consumer spending and the broader travel cycle. Expedia only recently reinstated a dividend after suspending payouts during the pandemic, so its record is short and the yield is minimal. Management leans more heavily on share buybacks than on dividends to return capital. This is fundamentally a cyclical growth stock rather than an income vehicle, and its weak dividend profile reflects a company that prioritises reinvestment and repurchases over steady payouts.