Tripadvisor Stock Price, News & Analysis

In 2021, Tripadvisor saw significant engagement growth, with over 44 million new travelers joining its community and 2.5 million first-time reviews posted. Despite ongoing pandemic challenges, travelers created more than 7 million new Trips and expressed appreciation through reviews. Notable increases in bookings were observed in sunny destinations like Honolulu, Cancún, and Punta Cana, and outdoor experiences surged as well, with bookings in Ontario increasing by 313%. Tripadvisor remains optimistic about recovery in 2022.

Tripadvisor has launched its first immersive audio experience in North America, in collaboration with Visit Orlando, utilizing Amazon's Alexa technology. This innovative skill aims to boost tourism in Orlando by highlighting unique local experiences, including outdoor activities and dining options. As travel rebounds post-pandemic, the audio experience will engage potential travelers and help them discover lesser-known attractions. This effort is part of a broader initiative to promote Orlando's diverse offerings, enhancing consumer engagement and tourism demand.

Allied Esports Entertainment (NASDAQ: AESE) announced significant changes to its Board of Directors and management team. On November 5, 2021, Alexander Misch resigned, and Jerry Qin was appointed as a Class B Director on November 11, 2021. Qin's background includes key roles at Tencent and TripAdvisor. Lyle Berman was named President, with a focus on managing investor relations and the sale of the Esports division. Yinghua Chen became Chief Investment Officer, and Adam Pliska will consult on acquisitions. These changes aim to enhance strategic direction and shareholder value.

Tripadvisor (NASDAQ: TRIP) announced its participation in key upcoming conferences. CEO Steve Kaufer will present at the Phocuswright Conference on November 16, at 9:15 a.m. ET in Hollywood, Florida, and at the Liberty Tripadvisor Holdings Investor Meeting on November 18, at 10:55 a.m. ET in New York, NY. CFO Ernst Teunissen will speak at the UBS Global TMT Virtual Conference on December 8, at 2:00 p.m. ET. Both events will feature live audio streams and replays accessible for 30 days. Tripadvisor continues to be a leading travel guidance platform with millions of reviews and a wide user base.

Tripadvisor, Inc. (NASDAQ: TRIP) announced that its co-founder and CEO, Stephen Kaufer, will step down in 2022 after over 20 years at the helm. Kaufer expressed confidence in Tripadvisor's strong market position as travel rebounds post-pandemic and emphasized the capable teams in place. The Board of Directors has started an open search for his successor, indicating a mix of internal and external candidates will be considered. Kaufer will remain in his role until the transition is complete, ensuring continuity during this pivotal change.

Tripadvisor, Inc. (NASDAQ: TRIP) released its third-quarter 2021 earnings report on November 8, 2021. The report and management's remarks are accessible on the company's investor relations site. A conference call is scheduled for November 9, 2021, at 8:30 a.m. ET to discuss these results, with an audiocast available for public access. As the largest travel guidance platform globally, Tripadvisor serves millions, featuring over 988 million reviews for nearly 8 million businesses.

Tripadvisor Inc. (NASDAQ: TRIP) has signed a letter of intent for a promotional collaboration with Atout France, the French tourism development agency. This partnership aims to support France's post-pandemic recovery by leveraging Tripadvisor's data and advertising platforms. The deal involves a targeted €2 million investment in advertising to attract international travelers. Atout France's CEO emphasized the importance of this collaboration in promoting France as a premier travel destination, while Tripadvisor's CEO highlighted the ongoing commitment to sustainable tourism practices.

Tripadvisor's Winter Travel Index reveals that 55% of Americans are planning winter travel, up from 50% in 2020, yet below 63% in 2019. Notably, 24% remain undecided, with many expected to book in November or December. NYC is the top destination, followed by Orlando and Las Vegas. Over one-third of travelers plan to explore new locations. Travelers are excited about holiday trips, with 77% saving for travel expenses. Popular booking activities include cultural tours and adventure experiences. Tripadvisor Plus offers a subscription to enhance travel savings.

Tripadvisor has released its 2021 Review Transparency Report, detailing the effects of COVID-19 on user-generated travel guidance and efforts to maintain review integrity. In 2020, over 26 million reviews were submitted, with 2 million (8.6%) removed for violations. The platform identified 3.6% of submissions as fake, successfully rejecting 67.1% before posting. New community standards were introduced to combat misinformation related to COVID-19, leading to nearly 50,000 reviews being removed. The report emphasizes Tripadvisor's commitment to trust and safety in travel guidance.