[Travel News]: TripAdvisor reports Q4 loss and revenue increase
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The following is the [Travel News]: TripAdvisor reports Q4 loss and revenue increase from [NASDAQ] recommended by TheTourAttraction.com:
Strength in Tripadvisor Plus subscription offerings also benefited the quarterly performance.
TripAdvisor reported that its fourth-quarter revenues were USD 241 million, up by 108% year over year. Monthly unique users for Q4 on TripAdvisor sites rose 73%, driven by the progress in the vaccination drive, relaxing government restrictions and an increase in consumer travel.
Strength in Tripadvisor Plus subscription offerings also benefited the quarterly performance. Yet, travel disruptions caused by Omicron — the rapidly spreading COVID-19 variant — were concerns.