QUOTE AND NEWS
The Hindu Business Line  Jun 28  Comment 
Mumbai has been ranked the fifth most budget-friendly city among 40 key tourist cities of the world, according to a survey by TripAdvisor. Mumbai comes after Hanoi (Vietnam), Warsaw (Pola...
Forbes  Jun 18  Comment 
Both the OTA giants have chosen not to display their inventories on the Instant Booking platform. instead, they have chosen to display their inventories on applications that are Instant Booking’s direct competitors. And not without valid...
TheStreet.com  Jun 17  Comment 
NEW YORK (TheStreet) -- Shares of TripAdvisor are soaring 11.79% to $85.53 on Wednesday after the company said that it's teaming up with Marriott International to let users of its travel-guide website book rooms at their hotels. "We...
Forbes  Jun 3  Comment 
In early trading on Wednesday, shares of C.H. Robinson Worldwide (CHRW) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, C.H. Robinson Worldwide has lost about 14.9% of its value.
Benzinga  Jun 3  Comment 
Barclays initiated coverage on Tripadvisor Inc (NASDAQ: TRIP) with a Underweight rating. The target price for Tripadvisor is set to $68. Tripadvisor shares have dropped 23.18 percent over the past 52 weeks, while the S&P 500 index has surged...
The Hindu Business Line  Jun 2  Comment 
The London Heathrow Airport has a sentimental value for Nikhil Ganju, Country Manager of travel website TripAdvisor India. The airport was among the first ones he visited. But it still comes secon...
Benzinga  May 29  Comment 
Tripadvisor Inc (NASDAQ: TRIP) is out with a new survey that may make fans of "National Lampoon's Vacation" cringe. According to the survey, 77 percent of employed U.S. respondents said that they had worked on a vacation within the past...
MarketWatch  May 20  Comment 
TripAdvisor, Hipmunk and others claim Delta has removed access to its data, adding to industry tensions over the way consumers shop for flights on the Internet.




 
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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