Report
Dan Wasiolek
EUR 147.86 For Business Accounts Only

Narrow-moat TripAdvisor's Instant Book ramping slower than expected, but network advantage intact.

TripAdvisor’s revenue and profitability continue to be held back by its rollout of instant booking due to sales recognition timing and initially lower conversion, overall investment in its platform, and a continued mix shift to mobile, which currently monetizes at 30% of desktop. We do not expect any meaningful change to our 2016 revenue forecast of 9% growth, as the trajectory of meta and instant booking revenue (reported under the branded click and transition line) is pacing toward our 2016 fo...
Underlying
TripAdvisor Inc.

TripAdvisor is an online travel company. The company operates a travel platform that connects the travelers with travel partners through content, price comparison tools, and online reservation and related services for destinations, accommodations, travel activities and experiences, and restaurants. The company manages its business in the following segments: Hotels, Media and Platform, which provides services such as click-based advertising on Tripadvisor-branded websites, subscription-based and display-based advertising, and other services; Experiences and Dining, which provides information and services for consumers to research and book activities, attractions, and restaurants in travel destinations.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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