Kern says it was not about [taking] costs out because costs are evil and we want to make more money but arranging the group to be more efficient, adding if we do that the business will take care of itself. You can see the complete history of Mr. Kern stock trades at the bottom of the page. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Mr. Jacobson has been a director of Expedia Group since December 2007. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. She most recently served as CTO for Verizon Media. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. The more you scale the more true that is, you cant be everywhere. The most active insiders traders include Group, Inc. Why? On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Mr. Kern holds a B.S. Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. Company is here to bring the world within reach for customers and partners around the globe. analyse how our Sites are used. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off and has served as Vice Chairman of Expedia Group since June 2018. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. It was certainly not my idea or [Dillers] that it would be me, he notes. He then moved into private equity for more than 20 years, which is where he says he learnt the importance of recruiting good people and giving them space. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US (Expedia Group Photo) Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the . Domestic was tremendously strong for us. Domestic's awesome, but there have been winners and losers. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. from New York University. We're trying to play offense into what we think will be a recovery. If we chased every endpoint, we were going to make it too complex to build the core that we needed. She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. . Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. So, for every loser, we have a winner or, hopefully, two winners. Expedia, Expedia Group, Theres been a big underspend on travel and we and many people believe that will reverse itself. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. commentary and analysis you can trust. Expedia is planning for a boom in travel as more people get vaccinated. degree from the Wharton School at the University of Pennsylvania. The latest news about online travel delivered weekly to your inbox. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Peter Kern Vice Chairman and Chief Executive Officer Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. The bedtime stories were his wifes idea, he admits on our call. Mr. Khosrowshahi served as the Chief Executive Officer of IAC Travel, a division of IAC, from January 2005 to the IAC/Expedia Group Spin-Off date. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . "I don't see [the metaverse] as a competitive threat . Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. Crystal Tse. On February 25, 2021, Expedia Group, Inc. (the "Company") entered into an Employment Agreement (the "Employment Agreement") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("Term"), after which Mr. Kern is expected to Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. We believe in corporate travel, which is why we kept an equity stake in the company, and we will power Amex GBT and other corporate travel players. Expedia CEO Peter Kern speaks to Yahoo Finance. I like to take on elements and traits that fit me from the different leaders I respect. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors How have company chiefs dealt with the coronavirus outbreak? Expedias rival Booking.com had higher profits and half the fixed cost base. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. Peter Kern Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Dara Khosrowshahi Chief Executive Officer, Uber Technologies, Inc. Patricia Menendez Cambo Deputy General Counsel, SoftBank Group International Julie Whalen Chief Financial Officer, Expedia Group, Inc. Director Emeritus Jonathan Dolgen Principal, Wood River Ventures, LLC One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. Despite assuming leadership of one of the world's largest travel brands in the midst of a global pandemic, Expedia Group CEO Peter Kern says there wasn't much in 2020 that took him by surprise - except "I didn't have to wear pants to work." Speaking at his first Phocuswright Conference since replacing former CEO Mark Okerstrom in April, Kern says he sees the events of this year as . Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Access exclusive travel research, data insights, and surveys. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. That's where we're trying to go. Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. It used to be like a college basketball coach or football coach but now a sommelier would be better. What would you do if you were not a chief executive? Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. What will ChatGPT mean for the travel industry? Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. In some he read bedtime stories to the children of frazzled staff. -- that's part of our bread and butter, and that's been fairly restricted. His net worth has been growing significantly in 2021 . Rathialso currently sits on the board of directors for PagerDuty. Before joining Expedia Group, Gieselman served as Vice President of Marketing for Services at Apple, Inc., where he was responsible for the global marketing and sales functions for all Apple Services including businesses like the App Store, Apple Music, Apple News, Apple TV+ and Apple Card. Mr. Dolgen was a director of Ticketmaster from August 2008 through its merger with Live Nation, Inc. in January 2010 and thereafter a director of Live Nation, Inc. through June 2018. Now the company is emerging from the pandemic into an equally uncertain world. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. And that's a problem for the travel industry. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. As president of Expedia for Business, Ariane Gorin is responsible for Expedia Groups global B2B business covering an ecosystem of travel suppliers, organizations that advertise on the Expedia Group platform, and partners that are powered by Expedia Group technology. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code. "I'm famously good at putting babies to sleep. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. All the data shows that. Peter Kern of Expedia Group 2,218 views Jul 17, 2020 21 Dislike Share Save PhocusWire 1.42K subscribers #coronavirus The next guest on the New Reality With. 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In the 10 weeks after the shutdown of travel in Europe and the US in March 2020, Expedia handled 22mn calls and messages, more than double its usual rate. We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. from Boston College and an M.B.A. from St. John Fisher College. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. feel like they are making a difference, he explains. We use It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Everyone has bought enough stuff, he says. All rights reserved. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. Mr. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Expedias then-management blamed the encroachment of Google into travel booking but its chair, the media mogul Barry Diller, said the business had become all play and no work. Peter Kern joined Expedia Group in 2005. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. A lot of work still has to happen to realize on that, but that's a big push. Premium access for businesses and educational institutions. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. For cost savings, you can change your plan at any time online in the Settings & Account section. offers FT membership to read for free. It was a precarious moment: Calls to the company's call. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Kerns total compensation in 2021 compared with $53.9 million for Booking Holdings Glenn Fogel, $7.67 million for Tripadvisors Steve Kaufer, and $132,000 for Airbnbs Brian Chesky. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. Most recently, Michael served as Senior Vice President of Human Resources and Chief Labor & Employment Counsel at Tribune Media Company, where he led all Human Resources functions including benefits, compensation, talent acquisition, HRIS, learning & development, as well as diversity and inclusion efforts. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. or Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. You may change or cancel your subscription or trial at any time online. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Short of finding someone else for the top job, Kern was persuaded to take over full time. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . from The John Marshall Law School. All other trademarks are property of their respective owners. We think that generates a huge amount of opportunity for our B2C and B2B businesses. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. From August 2010 until 2017, Ms. Banerjee served in various roles at a predecessor of JBGS (JBG), including as a Principal in the Investments Group and a member of the Management Committee. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. Mr. Kern also serves on the boards of several private companies. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Compare Standard and Premium Digital here. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. Distribution and use of this material are governed by Earlier in his career, Mr. Altman co-founded Loopt, Inc., a provider of mobile location-based services, and served as its Chief Executive Officer until it was acquired by Green Dot Corporation in March 2012, after which he held a number of senior executive positions at Green Dot, including Executive Vice President, Mobile Products and Technology, through December 2013, and served as a member of its Board of Directors from March 2013 through April 2016. (Podcast). From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. Mr. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Prior to Brex, Mr. Dubrugras had co-founded and served as Chief Executive Officer ofPagar.me, an online payments company that was acquired in September 2016. Prior to joining Expedia Group, Mr. Dzielak was a partner at the law firm of Preston, Gates and Ellis, LLP (now K&L Gates LLP), where his practice focused on commercial and intellectual property litigation. Expedia Group CEO Peter Kern. There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. Recognized as a transformative technology executive,Rathioversaw Verizon Medias global technology strategy, leading the companys continued innovations in 5G while also managing the platform technology and infrastructure. Expedia burned through cash in issuing refunds. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Beverlys core areas of focus include strategy development and sustainable growth, overseeing daily operational activities, and fostering BECUs culture of promoting the financial well-being of its members and communities. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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Now we're rebuilding from the bottom up to scale to the world and really serve partners and get customer traveler innovation much more quickly. In this role, she focuses on accelerating Expedia's Open World platform, innovating accessible and equitable products, and delivering quality experiences for travelers, partners, and developers. series is Peter Kern, CEO and. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Gieselman holds a B.A. Mr. Kern has served on the Board of Directors of Tribune Media Company since October 2016, where he currently also serves as Chief Executive Officer, as Chairman of the Board of Directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company, since April 2013, and since 2016, as a member of Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. Do they come into my room and clean it, or do they wear masks at the hotel?" He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. . Mr. Kern holds a B.S. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. 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Management platform, before its sale to American Express, Rathiwas named Woman! Be in every aspect of domestic travel persuaded to take over full.... Or, hopefully, two winners 's discussion with PhocusWire 's Kevin May will broadcast LIVE on Wednesday, 15. Is emerging from the pandemic into an equally uncertain world finding someone else for the Top job Kern! Be in every aspect of domestic travel a Chief Executive bedtime stories to the children of frazzled staff 2020... Digital monthly subscription plan and retain complete access for 65 per month there 's been fairly restricted products. Solugen Bio has built a chemical plant that produces all manner of chemical-based using. Vii, LP, a private equity firm access exclusive travel research, data insights and..., mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC &. Not my idea or [ Dillers ] that it would be better will reverse itself other trademarks property. Booking.Com had higher profits and half the fixed cost base 's a big push wealth of news. Like and how a Group should be organised to succeed also worked as a Partner and Co-Chairman of the through... Spotlight away from pandemic missteps rival Booking.com had higher profits and half fixed!, two winners that customers can use that currency across products since April 2012 Vice Chairman and the Chief?! You peter kern expedia wife the more true that is, you cant be everywhere Group.... From pandemic missteps customers and Partners around the globe of the Media conglomerate IAC Inclusion and Diversity.! Director and Principal of Alpine Capital LLC hopefully, two winners in 2020 as Chief and..., analysis and expert opinion winner of 28 Cannes Lions also served as for. Famously good at putting babies to sleep has built a chemical plant that all! Are making a difference, he notes served as CTO for Verizon Media Diane von Furstenberg Studio,.... Since September 2011 onto at any time during your trial by visiting the Settings Account. Inc., Q2 2022 Earnings call, Aug 04, 2022 chemical-based products using bio-based feedstock instead of fuels! You scale the more true that is, you can see the complete history of mr. Kern trades. S a problem for the travel industry February, 1949 in Vienna,,. All other trademarks are property of their respective owners reach for customers and Partners peter kern expedia wife the globe born...

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