By comparison, the possibility of increased occupancy taxes and low growth in Egencia (the smallest segment) seem less significant. However, the declining average daily rates could be something to watch. We are reiterating our Outperform rating on EXPE shares.

The Bull of the Day is one of the latest Buy recommendations from Zacks Equity Research. Our team of analysts consistently identify stocks set to outperform the market over the next six months. Discover More Bull of the Day stocks.

Expedia, Inc. will participate in the Bank of America Merrill Lynch Credit Conference in New York on Wednesday, December 2, 2009. Expedia, Inc. Chief Financial Officer Michael Adler's presentation will begin at 11:10 a.m. Eastern Time (ET).

Live audiocasts of these sessions will be available to the public at http://www.expediainc.com/ir. A replay of the audiocasts will be available for 30 days.

About Expedia, Inc.

Expedia, Inc. is the world's leading online travel company. With more people booking travel online in Expedia's global marketplace than anywhere else, the company delivers consumers value in leisure and business travel, drives demand for travel suppliers, and provides advertisers opportunities to reach in-market travel consumers. The Expedia, Inc. portfolio of brands includes Expedia.com(R), hotels.com(R), Venere.com(TM), Hotwire(R), Egencia(TM) (formerly Expedia Corporate Travel), TripAdvisor(R), ExpediaLocalExpert(R), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 80 global points of sale in nearly 60 countries. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia(R) Affiliate Network. For more information, visit http://www.expediainc.com/.

Expedia is a registered trademark of Expedia, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

A(C) 2009 Expedia, Inc. All rights reserved. CST: 2029030-40

SOURCE Expedia, Inc.

http://www.expediainc.com/ir

"We're pleased to be working with Choice in an agreement that respects the guiding principles which we operate under," said Dara Khosrowshahi, CEO of Expedia, Inc. "We welcome Choice back into our marketplace, and look forward to delivering value to their franchisees."

"Choice Hotels and Expedia worked together to establish a new agreement that is mutually beneficial and enables hotels in the Choice system to effectively manage their businesses," said Stephen P. Joyce, president and CEO of Choice Hotels International.

Hotels within the Choice system worldwide can participate in the Expedia marketplace and within a week will start to be available on Expedia.com and Hotels.com sites worldwide, and later on Hotwire.com.

About Expedia, Inc.

Expedia, Inc. is the world's leading online travel company. With more people booking travel online in Expedia's global marketplace than anywhere else, the company delivers consumers value in leisure and business travel, drives demand for travel suppliers, and provides advertisers opportunities to reach in-market travel consumers. The Expedia, Inc. portfolio of brands includes Expedia.com(R), hotels.com(R), Venere.com(TM), Hotwire(R), Egencia(TM) (formerly Expedia Corporate Travel), TripAdvisor(R), ExpediaLocalExpert(R), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 80 global points of sale in nearly 60 countries. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia(R) Affiliate Network. (NASDAQ: EXPE)

About Choice Hotels International

Choice Hotels International, Inc. franchises more than 6,000 hotels, representing more than 485,000 rooms, in the United States and more than 35 other countries and territories. As of September 30, 2009, more than 700 hotels are under construction, awaiting conversion or approved for development in the United States, representing more than 59,000 rooms, and more than 100 hotels, representing approximately 9,400 rooms, are under construction, awaiting conversion or approved for development in more than 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands serve guests worldwide. In addition, via its Ascend Collection membership program, travelers in the United States and the Caribbean have upscale lodging options at historic, boutique and unique hotels.

Additional corporate information may be found on the Choice Hotels International, Inc. Web site at www.choicehotels.com.

Expedia and Expedia.com are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Classic Vacations is either a trademark or registered trademark of Classic Vacations, LLC in the U.S. and/or other countries. hotels.com is either a trademark or registered trademark of hotels.com, L.P., a subsidiary of hotels.com in the U.S. and/or other countries. Hotwire is either a trademark or registered trademark of Hotwire, Inc. in the U.S. and/or other countries. TripAdvisor is either a trademark or registered trademark of TripAdvisor, LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

(c) 2009 Expedia, Inc. All rights reserved. CST: 2029030-40

Choice Hotels, Choice Hotels International, Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn and Ascend Collection are proprietary trademarks and service marks of Choice Hotels International.

(c) 2009 Choice Hotels International, Inc. All rights reserved.

Anne Madison of Choice Hotels International, Inc., +1-301-592-6723,
anne_madison@choicehotels.com; or Katie Deines of Expedia, Inc.,
+1-425-679-7991, press@expedia.com

"We're pleased to be working with Choice in an agreement that respects the guiding principles which we operate under," said Dara Khosrowshahi, CEO of Expedia, Inc. "We welcome Choice back into our marketplace, and look forward to delivering value to their franchisees."

"Choice Hotels and Expedia worked together to establish a new agreement that is mutually beneficial and enables hotels in the Choice system to effectively manage their businesses," said Stephen P. Joyce, president and CEO of Choice Hotels International.

Hotels within the Choice system worldwide can participate in the Expedia marketplace and within a week will start to be available on Expedia.com and Hotels.com sites worldwide, and later on Hotwire.com.

    <<

    About Expedia, Inc.
    >>

Expedia, Inc. is the world's leading online travel company. With more people booking travel online in Expedia's global marketplace than anywhere else, the company delivers consumers value in leisure and business travel, drives demand for travel suppliers, and provides advertisers opportunities to reach in-market travel consumers. The Expedia, Inc. portfolio of brands includes Expedia.com®, hotels.com®, Venere.com(TM), Hotwire®, Egencia(TM) (formerly Expedia Corporate Travel), TripAdvisor®, ExpediaLocalExpert®, Classic Vacations® and eLong(TM). Expedia, Inc.'s companies operate more than 80 global points of sale in nearly 60 countries. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. (NASDAQ: EXPE)

    <<

    About Choice Hotels International
    >>

Choice Hotels International, Inc. franchises more than 6,000 hotels, representing more than 485,000 rooms, in the United States and more than 35 other countries and territories. As of September 30, 2009, more than 700 hotels are under construction, awaiting conversion or approved for development in the United States, representing more than 59,000 rooms, and more than 100 hotels, representing approximately 9,400 rooms, are under construction, awaiting conversion or approved for development in more than 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands serve guests worldwide. In addition, via its Ascend Collection membership program, travelers in the United States and the Caribbean have upscale lodging options at historic, boutique and unique hotels.

Additional corporate information may be found on the Choice Hotels International, Inc. Web site at www.choicehotels.com.

Expedia and Expedia.com are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Classic Vacations is either a trademark or registered trademark of Classic Vacations, LLC in the U.S. and/or other countries. hotels.com is either a trademark or registered trademark of hotels.com, L.P., a subsidiary of hotels.com in the U.S. and/or other countries. Hotwire is either a trademark or registered trademark of Hotwire, Inc. in the U.S. and/or other countries. TripAdvisor is either a trademark or registered trademark of TripAdvisor, LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

    <<

    © 2009 Expedia, Inc.  All rights reserved.  CST: 2029030-40

    >>

Choice Hotels, Choice Hotels International, Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn and Ascend Collection are proprietary trademarks and service marks of Choice Hotels International.

    <<

    © 2009 Choice Hotels International, Inc. All rights reserved.



    >>

SOURCE: Choice Hotels International, Inc.

Anne Madison of Choice Hotels International, Inc., +1-301-592-6723,
anne_madison@choicehotels.com; or Katie Deines of Expedia, Inc., +1-425-679-7991,
press@expedia.com Web Site: http://www.choicehotels.com