QUOTE AND NEWS
DailyFinance  May 24  Comment 
Filed under: Lifestyle, Travel, Vacation Ideas Summer has a special meaning in everyone's heart. Read more...   Permalink | Email this | Linking Blogs | Comments
Motley Fool  May 23  Comment 
Shares of the travel review site fell after its CFO issued a warning.
The Economic Times  May 22  Comment 
According to TripAdvisor's 'Summer Vacation Value' report, Goa has topped the list of top 10 holiday destinations preferred by Indians this summer.
Motley Fool  May 22  Comment 
TripAdvisor is effectively pivoting its business, a big reason top- and bottom-line results have fallen short recently.
Motley Fool  May 21  Comment 
These stocks have been cut in the last couple of years, but they could be on sale ahead of a turnaround.
Motley Fool  May 17  Comment 
As Airbnb's "Trips" feature gains steam, hotels aren't the only companies that should be worried.
Insurance Journal  May 11  Comment 
A national transportation research group says deteriorated and congested roads and bridges in Oklahoma cost the state’s motorists $5 billion a year in higher vehicle costs, crashes and congestion-related delays, the Associated Press reported. A...
Motley Fool  May 10  Comment 
Turnaround stories can make you rich, but only if you know how to separate the winners from the truly broken businesses. Here are three great ideas for you.
Motley Fool  May 10  Comment 
The online travel company's results were enough to satisfy long-term investors.




 
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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