We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TripAdvisor (TRIP) Ties Up With Deliveroo for Food Delivery
Read MoreHide Full Article
There’s some good news for TripAdvisor, Inc. (TRIP - Free Report) users. The company has added another restaurant delivery service, Deliveroo,to its offerings.
The world's largest travel site, TripAdvisor, announced that it has entered into a partnership with London-based startup, Deliveroo,to incorporate food ordering service into its restaurant listings.
The tie-up will help travelers to order meals from their restaurants at home or even while traveling.
Who is Deliveroo?
Headquartered in London, Deliveroo is an on-demand food delivery platform. It works with more than 20,000 restaurant partners.
More About the Partnership
Per the partnership, TripAdvisor will integrate the online food-ordering company’s network of 200 restaurants into its desktop website, mobile website and mobile app.
Following the deal, users can scroll through TripAdvisor restaurant listings and order food from Deliveroo 200 restaurant partners by clicking the Order Online button.The deal will make the service available in more than 140 cities across 12 countries in Europe, the Middle East and Asia.
Bertrand Jelensperger, Senior Vice President, TripAdvisor Restaurants, said that the partnership would help the travel website’s goal of becoming a ‘one-stop-shop’ for diners, providing users with the ability to read reviews, reserve a table and place on order all through its platform. He also said, “Through this partnership with Deliveroo, we aim to give our restaurant listings a new way to engage with the TripAdvisor community – both at home and on-the-go.
Share Price Movement
Following the news, the company’s share price was up 0.61%. However, in the last one year, TripAdvisor’s shares have underperformed the Zacks Electronic Commerce industry, declining 46.9% against the industry’s gain of 48.4%.
The instant booking rollout has led to significant revenue headwinds, muting revenue growth, thereby impacting profitability. This has caused the share price to decline in the last few months.
However, lately, the company has been making efforts to get travelers to book hotels directly on its website instead of just using it as a review site. These efforts led to an increase in the company’s click-based advertising and transaction revenues, expanding its top-line growth in the quarter.
Also, the company’s new initiatives, including the partnership with Deliveroo, will boost the world’s largest online travel-research company’s user base and conversion rates. Also, this allows Deliveroo to expand to many new cities.
Alibaba Group Holding Limited delivered a positive earnings surprise of 20.53%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 9.32%, on average, in the trailing four quarters.
JD.com, Inc. delivered a positive earnings surprise of 83.49%, on average, in the trailing four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
TripAdvisor (TRIP) Ties Up With Deliveroo for Food Delivery
There’s some good news for TripAdvisor, Inc. (TRIP - Free Report) users. The company has added another restaurant delivery service, Deliveroo,to its offerings.
The world's largest travel site, TripAdvisor, announced that it has entered into a partnership with London-based startup, Deliveroo,to incorporate food ordering service into its restaurant listings.
The tie-up will help travelers to order meals from their restaurants at home or even while traveling.
Who is Deliveroo?
Headquartered in London, Deliveroo is an on-demand food delivery platform. It works with more than 20,000 restaurant partners.
More About the Partnership
Per the partnership, TripAdvisor will integrate the online food-ordering company’s network of 200 restaurants into its desktop website, mobile website and mobile app.
Following the deal, users can scroll through TripAdvisor restaurant listings and order food from Deliveroo 200 restaurant partners by clicking the Order Online button.The deal will make the service available in more than 140 cities across 12 countries in Europe, the Middle East and Asia.
Bertrand Jelensperger, Senior Vice President, TripAdvisor Restaurants, said that the partnership would help the travel website’s goal of becoming a ‘one-stop-shop’ for diners, providing users with the ability to read reviews, reserve a table and place on order all through its platform. He also said, “Through this partnership with Deliveroo, we aim to give our restaurant listings a new way to engage with the TripAdvisor community – both at home and on-the-go.
Share Price Movement
Following the news, the company’s share price was up 0.61%. However, in the last one year, TripAdvisor’s shares have underperformed the Zacks Electronic Commerce industry, declining 46.9% against the industry’s gain of 48.4%.
The instant booking rollout has led to significant revenue headwinds, muting revenue growth, thereby impacting profitability. This has caused the share price to decline in the last few months.
However, lately, the company has been making efforts to get travelers to book hotels directly on its website instead of just using it as a review site. These efforts led to an increase in the company’s click-based advertising and transaction revenues, expanding its top-line growth in the quarter.
Also, the company’s new initiatives, including the partnership with Deliveroo, will boost the world’s largest online travel-research company’s user base and conversion rates. Also, this allows Deliveroo to expand to many new cities.
TripAdvisor, Inc. Price and Consensus
TripAdvisor, Inc. Price and Consensus | TripAdvisor, Inc. Quote
Zacks Rank & Stocks to Consider
Currently, TripAdvisor has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader technology sector are Alibaba Group Holding Limited (BABA - Free Report) , PetMed Express, Inc. (PETS - Free Report) and JD.com, Inc. (JD - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alibaba Group Holding Limited delivered a positive earnings surprise of 20.53%, on average, in the trailing four quarters.
PetMed Express delivered a positive earnings surprise of 9.32%, on average, in the trailing four quarters.
JD.com, Inc. delivered a positive earnings surprise of 83.49%, on average, in the trailing four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>