QUOTE AND NEWS
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...
The Hindu Business Line  Aug 3  Comment 
Mumbai has been ranked the most expensive among nine key Indian cities for the third consecutive year, while Chandigarh bagged the best value destination for a city break in a survey released toda...
Forbes  Jul 28  Comment 
TripAdvisor braved currency headwinds to register 25% topline growth, boosted by the growth of its attraction, restaurant, and vacation rental business. While its Instant Booking Platform gained partnership with 6 out of the top 10 global hotel...
TheStreet.com  Jul 24  Comment 
NEW YORK (TheStreet) -- Shares of TripAdvisor were falling 10.4% to $82.96 Friday after the online travel service missed analysts' estimates for earnings and revenue in the second quarter. TripAdvisor reported earnings of 54 cents a share for...




 
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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