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TripAdvisor

TripAdvisor

Type	Public
Traded as	NASDAQ: TRIP S&P 500 Component
Industry	Travel services
Founded	February 2000
Founder(s)	Stephen Kaufer
Headquarters	Newton, Massachusetts,United States
Area served	America, Africa, Middle East, Europe, Asia Pacific
Key people	• Stephen Kaufer, Co-founder and Chief Executive Officer • Christine Petersen, President – TripAdvisor for Business
Products	Hotel and flights booking, Vacation rentals, Restaurant finding, Travel guides
Revenue	$762 million in 2012
Employees	1,632 people as of March 2013 Q1 Report
Website	TripAdvisor.com
References: more than 50m monthly UV, 20m members and over 50m reviews

TripAdvisor.com is a travel website that assists customers in gathering travel information, posting reviews and opinions of travel-related content and engaging in interactive travel forums.

TripAdvisor was an early adopter of user-generated content. The website services are free to users, who provide most of the content, and the website is supported by an advertising business model.

Description

TripAdvisor Media Group operates seventeen travel brands including TripAdvisor, Airfarewatchdog, BookingBuddy, Cruise Critic, Family Vacation Critic, FlipKey, Holiday Lettings, Holiday Watchdog, Independent Traveler, OneTime, SeatGuru, SmarterTravel, Tingo, SniqueAway, Travel Library, TravelPod, VirtualTourist and Kuxun.cn. TripAdvisor operates websites internationally, including in the U.S., the U.K., France, Ireland, Germany, Italy, Spain, India, Japan, Portugal, Brazil, Sweden, The Netherlands, Canada, Denmark, Turkey, Mexico, Norway, Poland, Australia, Singapore, Thailand, Russia, Greece, Indonesia, and in China under the brand daodao.com and kuxun.cn. TripAdvisor is headquartered in Newton, Massachusetts. According to its website, TripAdvisor claims to be the most popular and largest travel community in the world, with more than 32 million members and over 100 million reviews and opinions of hotels, restaurants, attractions and other travel-related businesses.

History

TripAdvisor was founded in February 2000 by Stephen Kaufer. Original financing was obtained from Flagship Ventures, the Bollard Group and private investors. The company was purchased by InterActive Corporation in 2004. IAC spun off its travel group of businesses under the Expedia, Inc. name in August 2005. In May 2007 TripAdvisor acquired Smarter Travel Media operator of SmarterTravel.com and BookingBuddy.com; SeatGuru.com; TravelPod.com; and Travel-Library.com Also in May 2007, TripAdvisor acquired The Independent Traveler, Inc., publisher of Cruise Critic.com and IndependentTraveler.com

In February 2008, TripAdvisor acquired Holiday Watchdog, a user-generated travel site in the U.K. In July 2008, TripAdvisor acquiredVirtualtourist, a travel website with reportedly over 1 million registered members and OneTime.com, a travel comparison site.

In July 2008 TripAdvisor acquired a majority stake in FlipKey.com, a vacation-rental website. In October 2009, TripAdvisor purchased Kuxun.cn, China’s second-largest consumer travel site and hotel and flight search engine.

In April 2009 TripAdvisor launched its official site in China daodao. Since then it has indexed more than 20,000 hotels and restaurants information and customer reviews, and made top lists, becoming one of the biggest travel websites as of now.

In June 2010, TripAdvisor acquired the United Kingdom's largest independent vacation rental website, holidaylettings.co.uk. In September 2010, SmarterTravel, part of TripAdvisor Media Group, launched SniqueAway, the first members-only site where each travel deal is endorsed by the people.

In April 2011, it was announced that Expedia would split into two publicly traded companies by spinning off the TripAdvisor brand of travel sites. According to Expedia CEO Dara Khosrowshahi, the move, "allows the two businesses to be pure plays and to operate with the proper amount of focus to grow respectively."

According to a July 2011 PhoCusWright survey of 3,641 respondents, solicited at random through a pop-up invitation link on TripAdvisor.com and commissioned by Trip Advisor, “98% of participants found that TripAdvisor’s hotel reviews … accurately reflect the experience.”

In December 2011, TripAdvisor was spun off from Expedia in a public offering.

TripAdvisor states it is the world’s largest social travel network with over 100 million travellers having used it.

In April 2012 the company launched a connection to Facebook that lets users select reviews from people in their social graph.

In June 2013, TripAdvisor announced its acquisition of GateGuru, a NYC based flight and airport information mobile app for an undisclosed sum.

Travellers' photos from around the world