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Fly News Breaks for August 13, 2019
TRIP, EXPE
Aug 13, 2019 | 07:41 EDT
Despite a 25% decline year-to-date, shares of TripAdvisor (TRIP) still trade at a premium to "better positioned" Expedia (EXPE), while its transition continues to pressure revenue growth, Jefferies analyst Brent Thill tells investors in a research note titled "Still Not Ready to Book This Trip." The analyst acknowledges that TripAdvisor may return to growth in Q4 and fiscal 2020, but he believes it will take a few years before the company can successfully scale an Experiences business with "OTA-like" profit margins. There is still downside to TripAdvisor shares, says Thill, who cut his price target for the stock to $36 from $43 and keeps an Underperform rating on the name.
News For TRIP;EXPE From the Last 2 Days
EXPE
Sep 17, 2019 | 07:38 EDT
Expedia (EXPE) and Marriott International (MAR) announced that as part of a new agreement signed in April, Expedia Group will become the exclusive global optimized distributor of Marriott's wholesale rates, availability, and content to a network of global travel providers, effective October 15. Through this agreement, Marriott will leverage Expedia Group's industry-leading technology and enterprise-level service to create a single gateway for the redistribution of Marriott's wholesale inventory.