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Business model change hits TripAdvisor's click-based revenue


By Mridhula Raghavan and Rohit T. K.REUTERS - TripAdvisor Inc Chief Executive Steve Kaufer said its business in the quarter so far has been "bumpier" than expected, following the roll-out of a new method of directing online travel customers to its booking partners.Shares of the company, which offers customer-generated travel ratings and takes a fee for any traffic sent through to third-party booking sites, closed down 9 percent following the CEO's comments at the Canaccord Genuity Growth Conference.They had run up 32 percent through Tuesday after the company, spun off from online travel ...

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First Published: Thu, August 15 2013. 05:17 IST