Seeking “deeper engagement,” Tripadvisor launches in-app hotel bookings
International news
On the same day it announced a second quarter revenue increase of 1%, Tripadvisor revealed Tuesday that it’s rolling out a service that will allow its members to book hotel stays directly within its app, thanks to a new partnership with Hopper Technology Solutions (HTS).
The announcement of the new service was timed to follow CEO Matt Goldberg’s earnings call with analysts. Total revenue came in at $497 million for the quarter, just eclipsing the $494 million for the same period last year and helping to push the company to net income of $24 million.
Experiences platform Viator saw the biggest quarterly increase with revenues of $244 million for the period between April through June, a 13% increase year over year. TheFork saw an 11% increase to $42 million, while Tripadvisor brand was down 10% for the period, though its $250 million in revenues accounted for just over half of the company's haul.