Welcome to our dedicated page for TripAdvisor news (Ticker: TRIP), a resource for investors and traders seeking the latest updates and insights on TripAdvisor stock.
TripAdvisor, Inc. (Nasdaq: TRIP) is a leader in the online travel space, offering a robust platform where travelers can plan and book their trips seamlessly. As the world's largest travel guidance platform, TripAdvisor reaches hundreds of millions of users monthly, providing them with resources to make informed travel decisions. The core business segments include Tripadvisor Core, Viator, and TheFork. Tripadvisor Core, the flagship segment, generates revenue primarily through hotel advertising, which constituted 58% of the company's earnings in 2023. Viator, focusing on tours and experiences, contributed 41% to the revenue, while TheFork, a dining reservation service, accounted for 9%.
TripAdvisor offers a vast repository of information, featuring over 1 billion reviews covering around 8 million accommodations, restaurants, and attractions. The platform operates in 43 markets and is available in 22 languages, ensuring global accessibility. The company also manages 23 other travel media brands, including well-known names like Viator and TheFork, enhancing its footprint in the travel and dining sectors.
Recent achievements highlight TripAdvisor's dedication to growth and innovation. In August 2023, the company reported its second quarter earnings, showing stable financial performance and continued user engagement. The winter travel index released in November 2023 reveals thriving travel activity among Americans, despite economic concerns. Additionally, Kristen Dalton's appointment as President of the Tripadvisor Core business in January 2024 signifies leadership committed to strategic and operational excellence.
Financially, TripAdvisor remains strong, regularly updating investors on performance through quarterly earnings reports. The company is proactive in addressing market dynamics, with a focus on enhancing user experience and expanding its service portfolio.
Whether you're looking to find the best hotel deals, book a unique experience, or discover top dining options, TripAdvisor continues to be the go-to resource for travelers globally.
Tripadvisor (NASDAQ: TRIP) has announced a merger agreement to acquire Liberty TripAdvisor in a transaction valued at approximately $435 million. The deal involves converting Liberty TripAdvisor's shares into cash payments and Tripadvisor common stock. Upon completion, Tripadvisor plans to retire about 27 million shares currently held by Liberty TripAdvisor, effectively making this a share repurchase at $16.21 per share (16% premium based on 10-day VWAP as of December 17, 2024).
The merger, expected to close in Q2 2025, will simplify Tripadvisor's capital structure into a single class of shares with no controlling stockholder. The transaction includes repayment of Liberty TripAdvisor's $330 million Exchangeable Senior Debentures and has received unanimous approval from both companies' boards.
Cruise Critic has announced its 16th annual Best in Cruise Awards for 2024, combining expert-selected awards with consumer-led Cruisers' Choice awards. Royal Caribbean was named Best Mainstream Cruise Line, with its Icon of the Seas winning Best New Ship. AmaWaterways topped the River category, while Explora Journeys won Best Luxury Cruise Line, and National Geographic-Lindblad Expeditions secured Best Expedition Cruise Line.
In the Cruisers' Choice category, based on consumer reviews, Margaritaville at Sea led Mainstream, Avalon Waterways dominated River, Crystal Cruises won Luxury, and Viking Cruises topped the Expedition segment.
Tripadvisor (NASDAQ: TRIP) has announced that Chief Financial Officer Mike Noonan will participate in investor meetings at the UBS Global Technology Conference. The meetings are scheduled to take place on Tuesday, December 3, 2024, in Scottsdale, Arizona.
Tripadvisor's Winter Travel Index reveals strong travel intentions for the 2024 winter season, with 57% of Americans planning trips and 96% maintaining or increasing their travel frequency compared to last winter. 93% of travelers plan to spend the same or more than last year, with 53% increasing their budget. The survey shows 91% will travel for seasonal celebrations, with trips typically lasting 3-7 nights. New York City ranks as the top domestic destination, while Cancun leads international destinations for US travelers. Notably, 28% of travelers plan to visit three or more cities during their winter trip, and 85% consider activities essential to their travel experience.
Tripadvisor (NASDAQ: TRIP) has released its third quarter 2024 earnings press release, which is now available on the company's Investor Relations site at ir.tripadvisor.com and the SEC website at www.sec.gov. A conference call to discuss these results will be held on Wednesday, November 6, 2024, at 4:30 p.m. ET. The live webcast and its replay will be accessible to the public at ir.tripadvisor.com/events-and-presentations for at least three months after the call.
Tripadvisor (NASDAQ: TRIP) has scheduled its third quarter 2024 financial results announcement for Wednesday, November 6, 2024, after market close. The company will release the results on its investor relations website and host a conference call at 4:30 p.m. ET on the same day to discuss the quarterly performance. The call will be webcast live and accessible through ir.tripadvisor.com, with a replay available for three months following the event.
Tripadvisor and Group Black have released the 'Black Travel Today' report, offering insights into the travel preferences of Black travelers in the US. Key findings include:
- 44% of Black travelers prioritize cultural and racial diversity when assessing destination safety
- 70% are more likely to consider destinations promoting inclusivity
- 45% prefer urban areas, seen as safer and culturally connected
- Black travelers show a more intentional approach to travel planning and budgeting
- They increase pre-trip spending on clothing (44%), haircare (28%), health and wellness (24%), and skincare (23%)
The report highlights opportunities for brands and destinations to engage authentically with Black American consumers, emphasizing the importance of understanding their unique perspectives and needs in travel.
Tripadvisor has announced the winners of its 2024 Travelers' Choice® Awards Best of the Best Restaurants, based on over 1 billion reviews. Miami Beach's That's Amore - Italian Restaurant topped both casual dining and hidden gems categories in the US. Globally, Organika and Ponchos Food & Wines in Peru led these categories respectively.
New this year are two categories: Pet-Friendly Restaurants, sponsored by CESAR® Canine Cuisine, and Outdoor Restaurants. Top pet-friendly spots are Pomelo Bistro Bar in Gdansk, Poland (global) and La Fuga in Fort Lauderdale, Florida (US). The best outdoor dining globally is at Thes "Greek Creative Cuisine" in Athens, Greece.
Other categories include Fine Dining, led by Restaurant Pic in Valence, France (global) and Daniel in New York (US), and Date Night, topped by Alameda Suiça in Monte Verde, Brazil (global) and Beach Walk at Henderson Park Inn in Destin, Florida (US).
Tripadvisor (NASDAQ: TRIP) has announced that CEO Matt Goldberg will be presenting at the Goldman Sachs Communacopia + Technology Conference on September 10, 2024. The presentation is scheduled for 4:25 p.m. Pacific time in San Francisco.
Investors and interested parties can access a live webcast of the event through Tripadvisor's Investor Relations website at ir.tripadvisor.com. For those unable to attend or watch live, a replay of the presentation will be made available on the same platform.
This conference participation provides an opportunity for Tripadvisor to share insights and updates with investors and industry analysts, potentially impacting the company's stock performance (TRIP).
SONIC Drive-In is launching the Fun is on the Menu Sweepstakes, offering fans a chance to win curated vacation packages valued at $15,000 each. The sweepstakes, running through September 23, 2024, allows participants to enter at LiveFreeShopSonic.com/Fun99. Three grand prize winners will choose from five vacation packages to destinations like Sarasota, New York, Anchorage, Sedona, and Orlando, curated by Tripadvisor.
This promotion aligns with SONIC's recent introduction of the $1.99 Menu (FUN.99 Menu), featuring various snacks, desserts, and entrées. The sweepstakes and affordable menu underscore SONIC's commitment to providing fun experiences without high costs. Additionally, SONIC's LiveFreeShopSonic.com offers exclusive merchandise, with 100% of proceeds supporting public education through the SONIC Foundation.
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