TripAdvisor poised

TrIpadvIsor has released its financial results for the quarter to 31 Mar, with US$123 million in total revenue, down 56%.

The overall loss for the period was US$80 million, with the company saying monthly unique users on its websites improved significantly particularly in the USA where numbers approached 80% of 2019 levels.

CEO Steve Kaufer said while the recovery was uneven “there is light ahead...we think leisure travel is poised for a potential inflection later this year as the recovery broadens”.