Report
Dan Wasiolek
EUR 98.48 For Business Accounts Only

TripAdvisor's network advantage intact despite transitory second-quarter headwinds.

We are encouraged that branded click and transaction sales (that include both metasearch and Instant Book) showed increasing traction in the first quarter, which supports both the positive TripAdvisor traffic channel checks we highlighted in our April 24 note (TripAdvisor Seeing Early Signs of Traffic Improvement Amid Intense Competition, Shares Undervalued) as well as the company’s network advantage (source of its narrow-moat rating) that the market is discounting, in our opinion. We are also e...
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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