Forbes  Oct 13  Comment 
The most recent short interest data has been released for the 09/30/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a...
NPR  Oct 13  Comment 
The travel website has been under pressure from animal welfare groups to help raise awareness among wildlife tourists about the impact of tourist-animal interaction.
The Economic Times  Oct 12  Comment 
TripAdvisor plans to have both the educational portal and booking policy changes fully-launched and implemented by early 2017.
New York Times  Oct 11  Comment 
TripAdvisor will no longer sell tickets to attractions like elephant rides and dolphin swims, a decision that could reshape how booking sites approach animal welfare.
Forbes  Oct 11  Comment 
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Celgene Corp. (NASD: CELG), where a total volume of 15,968 contracts has been traded thus far today, a contract volume which is...
The Economic Times  Oct 6  Comment 
While most destinations see a gradual change in prices over time, some destinations see dramatic changes from week to week for holiday hotel rates.
Motley Fool  Oct 5  Comment 
Now that the online travel site has finished rolling out its instant booking feature, it faces a different competitive landscape.
Motley Fool  Oct 5  Comment 
Three potential trouble spots for the travel behemoth.
TechCrunch  Oct 4  Comment 
 Oh you thought location-based food deal services were done and dusted! Eatigo, a discount restaurant booking service that bills itself as the anti-Groupon, would have you believe otherwise. The startup has closed new funding to the tune of over...


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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