Tripadvisor Inc

TRIP: XNAS (USA)
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Tripadvisor: AI Competition Warrants a Higher Premium Risk; Fair Value Estimate Reduced

Tripadvisor's hotel metasearch business (26% of third-quarter sales) searches travel websites for content and displays results to users. This business is in direct competition with traditional and AI searches. The firm's third-quarter hotel metasearch sales were down 5% and just 73% of 2019's level.

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