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  "documentTitle": "Expedia | Investor Presentation Deck | 27 slides",
  "authorId": "expedia",
  "authorName": "Expedia",
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  "sourceTypeSlug": "investor_relations",
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  "presentationDate": "2002-08-01 00:00:00",
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      "text": "Technology: Expert Searching and Pricing (ESP) Technology enables Top quality air query results, Dynamic packaging of all inventory types. Business Model: Massive scale in air + leadership in highly profitable merchant lodging = Scale driven cost advantage, Ability to cross sell and package merchant lodging and other inventory, Favorable terms from suppliers relative to market as a whole, Combined economics of agency and merchant businesses enable Expedia to compete effectively and profitably with lowest priced channels of distribution (to suppliers)",
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      "kind": "title",
      "text": "Expedia's Advantages",
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      "position": 1,
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