), an online travel research company, announced the acquisition
of Oyster.com for an undisclosed sum.
New York-based Oyster.com provides online photos and reviews
about hotels in about 150 cities.
The acquisition will complement TripAdvisor's travel product
portfolio by providing real photos and editorial contents of
hotels at some famous destinations. This will help customers to
better plan their holiday trips by gathering useful information
on hotels. This will improve efficiency, thereby expanding the
company's user base, improving traffic, hotel shoppers and
TripAdvisor has an aggressive merger and acquisition strategy.
In June, the company acquired a flight and airport information
mobile app, GateGuru, following the acquisition of TinyPost in
March, JetSetter in April and CruiseWise in May. The acquisitions
have helped the company to build a desired portfolio, enhance its
product line, boost its top line and position itself in markets
with better growth prospects.
TripAdvisor continues to witness robust top-line growth in
every quarter. The company delivered decent first-quarter
results. Both earnings and revenues were above the prior-year
figures on the back of a strong global travel market. Revenues
were $246.9 million, up 25.3% year over year, driven by
improvement in all its product lines and continued strong hotel
shopper growth. Over the long term, TripAdvisor is well
positioned for growth, given its expanding user base, improving
margins and increasing monetization of social and mobile
Currently, TripAdvisor has a Zacks Rank #3 (Hold). Other
stocks that have been performing well and are worth considering
Microchip Technology Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
INTERSIL CORP (ISIL): Free Stock Analysis
MICROCHIP TECH (MCHP): Free Stock Analysis
TRIPADVISOR INC (TRIP): Free Stock Analysis
TEXAS INSTRS (TXN): Free Stock Analysis
To read this article on Zacks.com click here.