Why TripAdvisor Stock Fell Today
Shares of TripAdvisor (NASDAQ: TRIP) have fallen today, down by 5% as of 12:20 p.m. EDT, amid continued market volatility related to the coronavirus. Travel-related companies have, not surprisingly, been hit the hardest in recent weeks, as the outbreak threatens to crush demand for travel and transportation.
It's been about a month since the travel tech company reported fourth-quarter earnings and discussed the potential impacts of the outbreak on the conference call with analysts. At the time, CEO Stephen Kaufer acknowledged that the company was seeing some "unexpected or new cancellation levels in Asia" before pointing out that TripAdvisor does not do much business in that part of the world. More than 80% of revenue last year came from the U.S. and the U.K., TripAdvisor's two largest geographical segments.
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Source Fool.com
