Tripadvisor Stock Price, News & Analysis

Tripadvisor has announced four new connectivity partnerships with hotel technology providers SiteMinder, Roiback, Derbysoft, and WebHotelier, allowing thousands of hotels to join Tripadvisor Plus for the first time. This annual subscription service offers travel savings and perks to members while enabling hotels to attract high-value customers. The connections will enhance visibility and customer engagement for participating hotels. Recent announcements include hotel groups Barceló, Millennium, and Pestana joining the program, providing special offers for Tripadvisor Plus members.

Tripadvisor has announced a significant milestone as three hotel groups—Barceló, Millennium, and Pestana—connect directly to Tripadvisor Plus, enhancing their visibility and access to new customers. This subscription service offers members exclusive travel perks and cost savings. Participating hotels will benefit from zero commission fees, allowing them to reinvest savings into guest experiences. With over 60 Travelers' Choice award-winning properties included, the program aims to capitalize on the rebound in U.S. travel, promising a new distribution model for hotels.

Tripadvisor (NASDAQ: TRIP) will audiocast a conference call on August 6, 2021, at 8:30 a.m. ET to discuss its financial results. A press release detailing the results will be issued after market close on August 5, 2021. The conference call will address questions regarding the second quarter of 2021 and will include management remarks, potentially featuring forward-looking information. Interested parties can participate by calling (877) 224-9081 domestically or (224) 357-2223 internationally. The call will also be available via webcast.

Tripadvisor has launched a refreshed mobile app for both iOS and Android, just as summer travel picks up. The app features enhanced guidance from fellow travelers, enabling users to plan trips effectively. Key features include access to millions of reviews, over 400,000 bookable experiences, a planning tool for organizing travel, and COVID-19 safety information. Additionally, Tripadvisor has rolled out a digital campaign titled "Vacations Miss You" to reignite consumer interest in travel. The app aims to provide personalized travel insights, making it easier for travelers to discover new experiences.

Tripadvisor announced the winners of its 2021 Travelers' Choice 'Best of the Best' Things to Do Awards, recognizing top activities globally and in major cities. The revamped awards now feature 12 subcategories, including Outdoor and Water Activities to reflect pandemic trends. The global top experience is the Jet Ski Tour of Dubai, while the U.S. top experience is the Clear Kayak Tour of Shell Key Preserve. With nearly 400,000 bookable activities, Tripadvisor aims to inspire travelers by showcasing experiences loved by previous guests.

Tripadvisor has launched Tripadvisor Plus, a new annual subscription service aimed at enhancing travelers' experiences by providing significant savings. For $99 per year, members can access member-only prices on hundreds of thousands of hotels, saving an average of $350 per stay, discounts on nearly 400,000 bookable experiences, and exclusive benefits from Hertz rentals. As tourism rebounds, the service aims to meet the demand for better travel value, with 74% of vaccinated U.S. travelers planning summer trips. This initiative represents a strategic move to capitalize on the recovering travel market.

Tripadvisor's latest report highlights how global vaccine rollouts are increasing demand for summer vacations. Insights from consumer surveys and Tripadvisor's first-party data reveal that vaccinated travelers are booking vacations more frequently and planning to spend more time and money on trips. In the U.S. and U.K., high vaccination rates are driving strong tourism recovery, while regions with slower vaccine rollouts, particularly in Asia-Pacific, face challenges. Notably, 51% of U.S. respondents plan on summer vacations, with more travelers feeling confident about dining and urban tourism.

On June 1, 2021, Trip.com Group and Tripadvisor announced an expansion of their strategic partnership, initially established in November 2019. This new collaboration includes a commercial arrangement to support Tripadvisor Plus, offering preferential pricing on over 10,000 properties for subscribers. Trip.com has received approval to sell a portion of its 6.95 million shares in Tripadvisor, relinquishing its right to nominate a director on Tripadvisor's board. Despite this, CEO Jane Sun will maintain her board position, indicating a commitment to continued collaboration.

Tripadvisor announced its 2021 Travelers' Choice Best of the Best Awards for Hotels, highlighting top-rated accommodations based on user reviews. With 45% of Americans planning international travel and 64% intending to stay in hotels this year, the awards showcase winners from six continents, including new categories like Hottest New Hotels and Top Rooftop Hotels. The top U.S. hotel is Mint House at 70 Pine, while Hotel Colline de France in Brazil claims the global title. Tripadvisor's awards are based on traveler reviews and a qualitative editorial process.