By Dhirendra Tripathi
Investing.com – TripAdvisor (NASDAQ: TRIP ) shares rose 5% on Thursday on growing optimism that people will look to travel now after a year of restricted living.
Tourism is seen amongst the biggest beneficiaries of opening up economies as people break free after a year of staying home, a life forced on them by the pandemic.
Already, at places where people are allowed to travel and congregate, rentals have moved up as hordes move to unshackle themselves.
The online travel platform provides a gamut of services ranging from flight and hotel bookings to restaurant reservations.
The company is now preparing for the post-Covid world. Wednesday, it announced a tie-up with Reckitt Benckiser Group PLC (LON: RB ) which will see the travel firm market the Lysol-maker’s solutions to its clients. The new Lysol partnership will be rolled out immediately in the U.S., with plans for it to be extended globally in the coming months.
Tuesday, the company said it will raise $300 million via convertible notes, due 2026, with an option for subscribers to purchase an additional $45 million within 13 days.
According to its own survey released last week, half of U.S. respondents are planning a trip this spring (March 1 through May 31).
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.