TripAdvisor misses by $0.11, misses on revs, announces new partnership with Trip.com
- Under the terms of the transaction, Trip.com Group will be the majority shareholder of a new joint venture entity and will contribute cash and market expertise. TRIP will own 40% of the joint venture, and will contribute a long-term exclusive brand and content license and certain other assets of its China business.
- This partnership pairs Trip.com Group's market leadership in travel booking capabilities and China travel market expertise with TripAdvisor's brand strength, global user-generated content, and points-of-interest database, as well as destination supply.