EarningsHotel-related revenue, which makes up more than 75% of Core revenue, declined by 13% in Q3, reflecting challenges in this major segment.
Financial PerformanceThe unwieldy balance sheet of Liberty Tripadvisor, with debt exceeding the value of TRIP shares held, was previously an impediment to potential buyers of TRIP.
Market CompetitionTRIP's trend compared to online travel agency spend was similar to the previous quarter, with a gap widening due to share loss to other channels like Google and social media.