TripAdvisor (TRIP) is expected to return to earnings growth in Q1 following two quarters of year-over-year declines. Per-share profit ex items is seen climbing 10% to 55 cents, according to analysts polled by Thomson Reuters. EPS had fallen 28% to 21 cents in Q4 and 2% to 45 cents in Q3. TripAdvisor traded up 1.6% in the stock market today. The stock has advanced 1.3% this year. The travel-review company is expected to report sales up 23% to
The global hotel industry posted solid numbers in Q1, a positive trend for online travel companies such as Priceline Group (PCLN), Expedia (EXPE) and TripAdvisor (TRIP), investment bank Cowen & Co. said in a research note Monday. Cowen analysts Kevin Kopelman and Andrew Marok said hotel-industry revenue per available room, or RevPAR, has been stable or improving across all major regions. RevPAR is a key hotel performance measure. In the U.S.,
TripAdvisor is finding that it’s good to make good on promises. The latest data from the world’s largest provider of travel reviews show that the fallout from a major change to its business model is abating and the path toward growth seems clear. This was a highlight of the company’s Q4 results on Feb 11. For more than a year, TripAdvisor (TRIP) has been shifting to a so-called metasearch business model. Its site lets users directly book hotels,