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AFP: US travel site TripAdvisor hits market with thud

December 22, 2011 by Leave a Comment

Shares of popular travel ratings website TripAdvisor sank about five percent on their first day trading publicly Wednesday, as US investors remained skittish about new tech listings.

Spun off by parent Expedia, TripAdvisor shares dropped from their last other-the-counter price of $30.25 Tuesday to as low as $28.00 before rebounding to $28.70 in thin afternoon trade.

Expedia hived off the 11-year-old company and issued 123 million new shares to existing shareholders, giving TripAdvisor a market valuation of about $3.5 billion.

Operating websites in 29 countries, TripAdvisor makes money off of the travel advertising it packages with listings and mostly user-generated reviews of hotels, flights, vacation packages and other services.

The company says its sites pull in 44 million unique views a month, enhanced by links to users’ accounts on social media websites like Facebook.

via AFP: US travel site TripAdvisor hits market with thud.

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TomTom Updates Connected Services with Twitter, Yelp, TripAdvisor & Expedia

August 29, 2011 by Leave a Comment

Navigation maker TomTom today announced a new version of its connected services called Search & Go LIVE.

The Twitter functionality in TomTom devices will feature an option to tweet the driver’s destination to their followers with the estimated time of arrival. The Twitter message is pre-set by the user before they SET off, so they can concentrate safely on the road without worrying about informing people when they’re going to arrive. The estimated time of arrival will be updated before arrival to give more accuracy.

Within the Search & Go LIVE Services portfolio, the Expedia feature allows people to compare accommodations in their vicinity. TripAdvisor and Yelp give drivers access to reviews for local venues such as restaurants, hotels, spas and theatres.

TomTom targets to roll out these new services (for free) starting in the US, Germany and New Zealand in October 2011.

via TomTom Updates Connected Services with Twitter, Yelp, TripAdvisor & Expedia.

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Coming soon: Groupon for travel – This Just In – Budget Travel

June 8, 2011 by Leave a Comment

Social media/uber-couponing hybrid Groupon brought affordable spontaneity to the masses; travel-booking giant Expedia has made it simple for travelers to plan out every last detail of their vacation. What will happen when the two team up? We’ll find out later this month, with the U.S./Canada launch of Groupon Getaways (we wish we could give you the exact launch date but Groupon is keeping that information hush-hush right now).

We spoke to Groupon representative Mike Clothier to find out exactly how Getaways will work. Here’s what we learned: Each new getaway will be available for booking for a limited window, with a typical discount of about 50 percent off the prices of competing travel sites. Fortunately, the redemption dates are flexible, so you have some time to figure when you want to take your vacation.

Groupon, the first site of its kind, triggered a host of similar sites, including LivingSocial, which also launched a travel arm in November 2010 called LivingSocial Escapes

via Coming soon: Groupon for travel – This Just In – Budget Travel.

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