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LONDON. UK, December 21, 2011 – TripAdvisor, Inc. (NASDAQ: TRIP), the world's largest travel site*, began trading today as an independent public company on The NASDAQ Stock Market under the ticker symbol “TRIP”, following the completion of its spin-off from Expedia, Inc. (NASDAQ: EXPE). TripAdvisor has also recently been added to the S&P 500®.
Since being founded in February 2000, TripAdvisor has revolutionised the travel industry and with more than 50 million unique monthly visitors and 20 million members, has established itself as a definitive go-to resource for travellers seeking to plan and have the perfect trip.
TripAdvisor offers travellers more than 50 million reviews and opinions of accommodations, destinations, restaurants and attractions, contributed by members from 188 countries, or 96 percent of all countries around the world. Thanks to its loyal traveller community, TripAdvisor posts 25 new contributions every minute and also features over eight million candid traveller photos.
As a perpetual innovator – and a truly global player, TripAdvisor features sites in 30 countries and in 21 languages and more than one million businesses globally on the site. TripAdvisor also offers an award-winning flight meta-search engine and holiday rental listings. In addition, TripAdvisor delivers accessible invaluable travel information to those on the go, though a suite of mobile apps for the iPhone, Android, Nokia, Palm and Windows Phone 7 smartphones and the iPad.
TripAdvisor also operates TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor's millions of monthly visitors through its business listings offering.
"This is a truly exciting time for TripAdvisor, and we are eager to continue to innovate on behalf of our users and grow the business as we enter this next chapter”, said Stephen Kaufer, co-founder and CEO of TripAdvisor. “TripAdvisor’s spin-off and membership in the S&P 500 both represent major company milestones, and is also a testament to our community and the value of user generated content.”
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For further information please contact:
Emma Shaw, TripAdvisor
0777 926 2423 / eshaw@tripadvisor.com
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Tripadvisor LLC is not a booking agent or tour operator, and does not charge any service fees to users of our site. Our partners (airlines, travel providers, and booking agents) who list airfare, tours, and travel packages on Tripadvisor are required to include all fees and surcharges in their listed prices. Examples include the Federal September 11th Security Fee, international departure and arrival taxes and fees, federal excise tax, and other service, handling and miscellaneous fees and surcharges. When you book with one of our partners, please be sure to check their site for a full disclosure of all applicable fees as required by the U.S. Department of Transportation. Airfares are generally quoted per person in USD unless otherwise noted.
For your convenience, Tripadvisor LLC calculates an average price for each hotel, which is based on the rates of available rooms obtained from our booking partners. For tours and attractions, the price displayed is usually the lowest available per person adult price. For any travel packages or deals listed, Tripadvisor LLC does not guarantee any specific rates or prices. In addition, average hotel prices are updated nightly and displayed in your preferred currency using prevailing conversion rates. Since these converted prices are estimates, please check with the booking site for the exact amount and currency.
Furthermore, Tripadvisor LLC makes no guarantees for availability of prices advertised on our site. Listed prices may require a stay of a particular length or have blackout dates, qualifications or restrictions.
