Profile: TripAdvisor Inc (TRIP.OQ)
24 Jun 2016
TripAdvisor, Inc., incorporated on July 20, 2011, is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company's flagship brand, is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three segments, which include Attractions, Restaurants and Vacation Rentals businesses. The Company's branded Websites include tripadvisor.com in the United States and its localized versions of the TripAdvisor Website in approximately 45 other countries and are offered in over 30 languages, including English, Spanish, Chinese (Traditional and Simplified), Russian, Arabic, Greek, Korean, Polish, Norwegian, Turkish, Danish, Swedish, Dutch, Bahasa, Thai, Portuguese, Japanese, Italian, French, Vietnamese, Hebrew, Suomi, Hungarian, Czech, Slovak, Serbian and German. The Company's Websites feature approximately 320 million reviews and opinions on over 6.2 million places to stay, places to eat and things to do, including approximately 995,000 hotels and accommodations and 770,000 vacation rentals, 3.8 million restaurants and 625,000 attractions around the world.
The Company manages and operates over 20 other travel media brands. The Company's subsidiaries operates a range of Websites, including www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.thefork.com (including www.lafourchette.com, www.eltenedor.com, www.iens.nl, www.besttables.com, and www.dimmi.com.au), www.gateguru.com, www.holidaylettings.co.uk, www.holidaywatchdog.com, www.independenttraveler.com, www.jetsetter.com, www.niumba.com, www.onetime.com, www.oyster.com, www.seatguru.com, www.smartertravel.com, www.tingo.com, www.travelpod.com, www.tripbod.com, www.vacationhomerentals.com, www.viator.com, and www.virtualtourist.com.
The Company's Hotel segment includes revenue generated from services related to hotels, including click-based and display-based advertising revenue from making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, transaction-based hotel products, such as Jetsetter and Tingo, and other revenue related to hotels. It also includes advertising revenue from making airline reservations and cruise reservations available for price comparison and booking.
The Company, through viator.com (Viator), provides information and services for researching and booking destination activities around the world. Viator works with local operators to provide travelers with access to tours and activities in destinations across the world, earning a commission for such service. In addition to its consumer-direct business, Viator also provides local experiences to affiliate partners, including some of the airlines, hotels and travel agencies. Restaurants business consists of its Websites that provide online and mobile reservation services that connect restaurants with diners. Its Websites are focused on the European market, primarily through Lafourchette or thefork.com, including www.lafourchette.com, www.eltenedor.com, www.iens.nl, www.besttables.com, and www.dimmi.com.au. Thefork.com is an online restaurant booking platform with a network of restaurant partners primarily across Europe and Australia. Lafourchette also offers management software solutions for online booking, discount and data tool.
The Company offers individual property owners and property managers to list their properties available for rental and connect with travelers using a subscription-based fee structure or a free-to-list, commission per booking-based option. Its vacation rental inventory includes full home rentals, condos, villas, beach rentals, cabins, cottages, and other accommodation types. Its properties are listed on various platforms, including TripAdvisor Vacation Rentals, the United States-based FlipKey and Vacation Home Rentals, and its European-based Holiday Lettings and Niumba businesses.
The Company competes with Google, Facebook, Yahoo!, Baidu, Expedia, Inc., The Priceline Group, Galileo, Travelport, Amadeus, Sabre, Airbnb, Inc., Alibaba, Ctrip.com International, Ltd., HolidayCheck AG, Yelp, Inc., Bing, Amazon and GetYourGuide.
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