Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  TripAdvisor    TRIP

TRIPADVISOR

(TRIP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tripadvisor Reveals 2020 Thanksgiving Travel Index: Over Half (56%) of Americans Still Traveling; Florida and Arizona host most popular domestic destinations recovering fastest for the holiday

11/10/2020 | 09:23am EST

NEEDHAM, Mass.- Tripadvisor, the world's largest travel platform, today released findings from its Thanksgiving Travel Index for 2020, providing insights into where Americans are traveling for the holiday. The big takeaway is that despite COVID-19 concerns, more than half - 56 percent - of Americans still intend to travel this Thanksgiving.

Recent Tripadvisor site data shows Key Largo, Fla., Sedona, Ariz., Key West, Fla. and Scottsdale, Ariz. have increased in popularity since last year's holiday and are recovering from the pandemic much faster than other U.S. travel destinations. Alternatively, central cities, such as New York City, New Orleans, Los Angeles and Nashville have decreased in popularity for Thanksgiving year-over-year, and they are not recovering as quickly.

By the Numbers: 2020 Thanksgiving Travel Trends

Travel is down, but 56 percent of Americans are still traveling this Thanksgiving (down 14 percent year-over-year).

Road trips vs. flying remains popular: Over three-fourths (76%) will drive to their destination, and only 11 percent of Americans will fly to their Thanksgiving table.

Socially distant stays: 22 percent are staying in a hotel or vacation rental to practice social distancing from friends and family.

When to watch the roads: Day-of and day-after

The busiest departure day will be Thanksgiving Day (November 26), when 26 percent of travelers will hit the road.

Many travelers who are not leaving day-of are extending their trip, with 43 percent traveling the weekend before Thanksgiving (Friday, November 20 - Sunday, November 22).

The busiest return day will be Friday, November 27, with 31 percent of travelers heading home the day after Thanksgiving.

'Despite COVID-19 concerns, the majority of Americans are still traveling this Thanksgiving. The way in which consumers travel, however, will look very different from past years,' said Christopher Hsi, Consumer Market Research Lead Analyst for Tripadvisor. 'This year, we can expect shorter trips with smaller groups of people for more intimate, close knit gatherings. Many are taking day trips (24%) or spending one night at their destination. Americans are also continuing to avoid big cities, instead opting for warm weather and beach destinations in southern states. We do see, however, that Boomers are less likely to travel this year compared to last (29% vs. 51%).'

Top (and bottom) Thanksgiving Travel Destinations for 2020,

based on year-over-year hotel interest

Fastest Recovering Destinations

Slowest Recovering Destinations

1. Key Largo, Fla. (+71% YOY)

1. New York City (-80% YOY)

2. Sedona, Ariz. (+50% YOY)

2. New Orleans, La. (-75% YOY)

3. Key West, Fla. (+36% YOY)

3. Los Angeles, Calif. (-62% YOY)

4. Scottsdale, Ariz. (+28% YOY)

4. Nashville, Tenn. (-61% YOY)

5. Naples, Fla. (-2% YOY)

5. Boston, Mass. (-59% YOY)

6. Clearwater, Fla. (-8% YOY)

6. Chicago, Ill. (-56% YOY)

7. Palm Springs, Calif. (-13% YOY)

7. Fort Lauderdale, Fla. (-51% YOY)

8. Myrtle Beach, S.C. (-14% YOY)

8. Orlando, Fla. (-50% YOY)

9. Charleston, S.C. (-17% YOY)

9. Las Vegas, Nev. (-44% YOY)

10. St. Pete Beach, Fla. (-21% YOY)

10. San Antonio, Texas (-44% YOY)

Methodology

Thanksgiving travel destinations based on Tripadvisor platform data for domestic travel to popular destinations within the U.S. around the Thanksgiving holiday (11/19/20-11/30/20), during September and October, 2020.

Thanksgiving travel trends based on a Tripadvisor Traveler Sentiment Survey of U.S. respondents from October 16-20, 2020.

About Tripadvisor

Tripadvisor, the world's largest travel platform*, helps hundreds of millions of travelers each month** make every trip their best trip. Travelers across the globe use the Tripadvisor site and app to browse more than 878 million reviews and opinions of 8.8 million accommodations, restaurants, experiences, airlines and cruises. Whether planning or on a trip, travelers turn to Tripadvisor to compare low prices on hotels, flights and cruises, book popular tours and attractions, as well as reserve tables at great restaurants. Tripadvisor, the ultimate travel companion, is available in 49 markets and 28 languages.

The subsidiaries of Tripadvisor, Inc. (NASDAQ:TRIP), own and operate a portfolio of travel media brands and businesses, operating under various websites and apps, including the following websites:

www.bokun.io, www.cruisecritic.com, www.flipkey.com, www.thefork.com (including www.lafourchette.com, www.eltenedor.com, www.bookatable.co.uk, and www.delinski.com), www.helloreco.com, www.holidaylettings.co.uk, www.housetrip.com, www.jetsetter.com, www.niumba.com, www.seatguru.com, www.singleplatform.com, www.vacationhomerentals.com, and www.viator.com.

Source: SimilarWeb, September 2020

** Source: Tripadvisor internal log files

TRIP-G

SOURCE Tripadvisor

For further information: uspr@tripadvisor.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about TRIPADVISOR
01/19TRIPADVISOR : UBS Adjusts TripAdvisor's Price Target to $35 From $18, Maintains ..
MT
01/12TRIPADVISOR : TRIP) sees Significant Insider Selling Continuing
MT
01/11INSIDER TRENDS : TripAdvisor Insider Disposition Interrupting 90-Day Buy Trend
MT
01/06JPMorgan fund tops 2020 global macro rankings-SharingAlpha
RE
2020SECTOR UPDATE : Consumer Stocks Edge Higher Pre-Bell Wednesday
MT
2020TRIPADVISOR : Credit Facility Amendment Lowers Commitment by $500 Million, Exten..
MT
2020LIBERTY TRIPADVISOR HOLDINGS, INC. : Entry into a Material Definitive Agreement,..
AQ
2020INSIDER TRENDS : Insider at TripAdvisor Acquires Stock Via Option/Derivative Sec..
MT
2020INSIDER TRENDS : Insider at TripAdvisor Converts/Exercises Derivative Security, ..
MT
2020INSIDER TRENDS : TripAdvisor Insider Converts Option/Derivative Security Sells P..
MT
More news
Financials (USD)
Sales 2020 596 M - -
Net income 2020 -265 M - -
Net Debt 2020 58,3 M - -
P/E ratio 2020 -17,0x
Yield 2020 -
Capitalization 4 511 M 4 511 M -
EV / Sales 2020 7,67x
EV / Sales 2021 4,47x
Nbr of Employees 2 650
Free-Float 62,4%
Chart TRIPADVISOR
Duration : Period :
TripAdvisor Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TRIPADVISOR
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 26,18 $
Last Close Price 33,53 $
Spread / Highest target 19,3%
Spread / Average Target -21,9%
Spread / Lowest Target -55,3%
EPS Revisions
Managers and Directors
NameTitle
Stephen Kaufer President, Chief Executive Officer & Director
Gregory Ben Maffei Chairman
Ernst J. Teunissen Chief Financial Officer, Treasurer & Senior VP
Sugata Mukhopadhyay Chief Technology Officer & Senior Vice President
Robert S. Wiesenthal Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TRIPADVISOR16.50%4 511
BOOKING HOLDINGS INC.-2.88%88 587
EXPEDIA GROUP, INC.7.87%20 204
TRIP.COM GROUP LIMITED-1.78%19 812
TONGCHENG-ELONG HOLDINGS LIMITED-1.87%4 140
MAKEMYTRIP LIMITED5.49%3 216