SeekingAlpha  Nov 24  Comment 
Benzinga  Nov 24  Comment 
Stephen Ju of Credit Suisse assumed coverage of TripAdvisor Inc (NASDAQ: TRIP) on Monday (due to the departure of the primary analyst) with an unchanged Outperform rating and $105 price target. “Our thesis remains unchanged as the fruits of...
Forbes  Nov 20  Comment 
The newly introduced feature facilitates the comparison and reservation of tours and tickets for over 7,900 attractions from all around the globe. Any attraction chosen by travelers will generate up to three tour options, namely, small group,...
Benzinga  Nov 19  Comment 
Tripadvisor Inc (NASDAQ: TRIP) suffered a major decline on November 5, following the declaration of its third-quarter results. It now trades at $71, down more than 19 percent for the month. However, Steve Kaufer, president and CEO of Tripadvisor,...
Benzinga  Nov 14  Comment 
Tripadvisor Inc (NASDAQ: TRIP) is likely to see slowing growth along with cuts to consensus earnings estimates, an analyst said Friday. The online travel company's shares have fallen more than 28 percent in the past three months, including a...
BusinessWeek  Nov 14  Comment 
With travelers overwhelmed by so many hotel options when searching online, Hotelwatchdog gives you only 20 choices
Motley Fool  Nov 11  Comment 
Should you buy TripAdvisor, Chuy’s, and Coach at their 52-week lows?
Forbes  Nov 11  Comment 
In early trading on Tuesday, shares of Vodafone Group (VOD) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.2%.  Year to date, Vodafone Group has lost about 13.3% of its value.


TripAdvisor Inc. (NASDAQ:TRP) is a travel research company based on its website by the same name. The company provides recommendations to users on locations to visit as well as the accommodations, activities, restaurants, and other associated travel needs. The recommendations are based primarily on opinions and reviews written by users. The company makes money through "click-based" advertising on its site. TripAdvisor was spunoff from Expedia (EXPE) in December 2011.[1]

Business Overview

Because TripAdvisor was part of Expedia (EXPE) prior to its spinoff, the company's financial statements issued before 2012 were unaudited. For the full year 2010, the total revenue was $314M and for 2009 the revenue was $212M. The net income attributable to TripAdivsor was $139M in 2010 and $102M in 2009.[2]

New Updates

TripAdvisor spun off from Expedia (EXPE) and became an independent company on December 21, 2011.[3] In order to complete the spinoff, shareholders of Expedia stock were given 2 shares of Expedia and 1 share of TripAdvisor. As a result, Expedia experienced something equivalent of a stock split in the process of spinning off TripAdvisor. TripAdvisor was spunoff for approximately $4.1B.[4]

Trends & Forces

Transition into an Independent Company

TripAdvisor was acquired in 2004 and has been part of a larger company for 7 years. As a result, it may have difficulty establishing many core functions ranging from upper management to recruiting. These functions were at least partly duplicative when it was part of a larger organization. While its independence will allow it to focus on its core offerings as well as its new products, it will also no longer be able to rely on Expedia (EXPE) for financing as well as internal business services.[5]

  1. TRIP S-4/A 2011 SUMMARY "TRIPADVISOR" pp. 10-11
  3. The Wall Street Journal "TripAdvisor, On Its Own After Expedia Spinoff, Is A $4.1B Co" 21 Dec 2011
  4. ABC News "Expedia Completes TripAdvisor Spinoff" 21 Dec 2011
  5. Seeking Alpha "TripAdvisor Spins Off From Expedia, Takes Flight As A Public Company" 21 Sept 2011
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