New biz model hits TripAdvisor’s revenue

TripAdvisor chief executive Steve Kaufer said its business in the quarter so far has been “bumpier” than expected, following the roll-out of a new method of directing online travel customers to its booking partners.

Shares of the company, which offers customer-generated travel ratings and takes a fee for any traffic sent through to third-party booking sites, closed down 9 per cent following the CEO’s comments at the Canaccord Gennuity Growth Conference.

They had run up 32% after the company, spun off from online travel agency Expedia in 2011, reported strong second-quarter results in late July.

Full report here Times of India


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