Why TripAdvisor Stock Fell Today
Shares of TripAdvisor (NASDAQ: TRIP) have fallen today, down by 4% as of 2 p.m. EDT, after the company released the results of a study around the COVID-19 pandemic's impact on the travel industry. The research paper also describes five different stages of recovery for the sector.
The stages are decline, plateau, emerge, domestic travel, and international travel. Certain markets, like New Zealand, Germany, and Switzerland, are entering the "emerge" stage, as searches for restaurants on the platform are starting to bounce back and 41% of consumers in those regions expect to take the same or more trips in 2020 compared to 2019.
Image source: Getty Images.
Source Fool.com
