Watch Travel Company Stocks Take Flight Now
Expedia (NASDAQ:EXPE) said Tuesday that the delayed filing for its planned split from its TripAdvisor unit should be ready in a few weeks, with the split likely to go through by the end of the year. Expedia, the world’s largest online travel agent by revenue, is spinning off its TripAdvisor unit in a highly profitable market that has valued the unit at as much as $4 billion, leading them to push for an IPO filing in the next few weeks rather than next spring as originally planned.
Expedia and TripAdvisor are two of many websites that allow users to search flights, hotels, car and vacation rentals, and allow users to compare pricing and book deals through the site. Other similar sites in operation include Priceline (NASDAQ:PCLN), Orbitz (NYSE:OWW), Travelzoo (NASDAQ:TZOO), Ctrip (NASDAQ:CTRP), and Yahoo Trip Planner (NASDAQ:YHOO), all of which have seen significant market gains today, with Travelzoo seeing the most gains, up 8%. With the exception of Orbitz, all of these travel sites have seen modest to significant gains this year to date.
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