Forbes  Sep 30  Comment 
The month of September witnessed acquisition related activities for the two biggest online travel agencies (OTAs), Priceline and Expedia . Expedia’s Orbitz acquisition received a regulatory go-ahead and ironically one of its rivals, TripAdvisor...
Forbes  Sep 22  Comment 
In early trading on Tuesday, shares of Tripadvisor (TRIP) topped the list of the day's best performing components of the Nasdaq 100 index, trading down 0.1%. Year to date, Tripadvisor has lost about 8.5% of its value.
Benzinga  Sep 17  Comment 
TripAdvisor Inc (NASDAQ: TRIP) shares have plummeted 20 percent in the last three months, declining steadily after reaching a high of $93.37 on July 23. Piper Jaffray’s Michael J. Olson maintained an Overweight rating on the company, with a...
Benzinga  Sep 16  Comment 
Deutsche Bank analysts led by Lloyd Walmsley met with Tripadvisor Inc (NASDAQ: TRIP)’s CEO, CMO and VP of Product at their new headquarters. The experts left feeling confident in the company’s long-term potential, and also comfortable with...
Forbes  Sep 9  Comment 
Priceline is gradually gearing up to provide TripAdvisor with tough competition on the restaurant reservation segment outside the U.S. So far, Priceline had been the undisputed leader in online restaurant booking in North America post its...
The Hindu Business Line  Sep 4  Comment 
1 My day begins at 6:45 with a glass of hot water. It cleanses my throat, digestive tract and slaps me awake! After a 20- minute meditation, I have a rich ‘nutribullet’ smoothie - a full...
Clusterstock  Aug 24  Comment 
Castle hotels allow us to experience ultra-luxurious getaways in places where kings and queens once laid their heads. For a look at the very best, TripAdvisor just announced the top 10 castle hotels in the world, based on reviews from...
newratings.com  Aug 21  Comment 
VIENNA (dpa-AFX) - Travel site major TripAdvisor named top ten historic and magnificent castle hotels in the World. The rating is based on traveler's review. Fonab Castle Hotel in Scotland has received more than 700 reviews is on top of the...
TheStreet.com  Aug 14  Comment 
NEW YORK (MainStreet) – Yes, the 2016 Summer Olympics in Rio are still a year away. No, that doesn't give you “plenty of time” to book a trip to them. Christine Sarkis, senior editor at SmarterTravel.com, notes that logistical nightmares...


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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