QUOTE AND NEWS
Forbes  Mar 30  Comment 
Helsinki is the most expensive city in the world for hotel room service, according to Tripadvisor. If you're staying in a hotel on a tight budget, make sure you think twice about opening the minibar - water comes with a $6.40 pricetag. If you need...
MarketWatch  Mar 28  Comment 
According to Tripadvisor contributors, these are the 10 best hotels in the U.S.
The Hindu Business Line  Mar 12  Comment 
Three surveys, conducted by travel websites HolidayIQ, TripAdvisor and MakeMyTrip, reveal that the majority of women travellers believe India is a safe place to travel in. In the results of the fir...
The Australian  Mar 11  Comment 
THE falling dollar will not stop Australians planning a whopping 36pc more international trips this year, if a survey by travel site giant tripadvisor is correct.
Forbes  Mar 10  Comment 
According to a new study named The State of Branded Keywords In Paid Search-Q4 2014, every month nearly 31,653 website visitors are switching loyalties from branded hotel groups’ websites to that of the online travel agencies (OTAs). The report...
Motley Fool  Mar 10  Comment 
Which stocks caught the attention of our analysts this earnings season? Here are three that look appealing to us, and why we like them.
Forbes  Mar 6  Comment 
According to TripAdvisor's President and Chief Executive Officer, Stephen Kaufer, TripAdvisor laid its foundation for future growth in 2014. Bookers can now plan, compare, as well as complete the booking process of the three most popular travel...
Forbes  Mar 3  Comment 
The online travel agencies (OTAs) started the year on an acquisition spree. It seems all the market players want a bigger share of the $1.3 trillion global travel market pie. Priceline has recently announced the intention to acquire Rocketmiles,...
Forbes  Feb 19  Comment 
Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, up 0.4%. Within the sector, Applied Materials (NASD: AMAT) and Tripadvisor (NASD: TRIP) are two of the day's...




 
TOP CONTRIBUTORS

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
  2. TRIP S-4/A 2011 SUMMARY "TRIPADVISOR: SUMMARY SELECTED COMBINED FINANCIAL INFORMATION" pp. 17-18
  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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