TripAdvisor

TRIP

Market cap $1.63B

New York real estate companies Alexander's and Empire State Realty Trust both contributed in the quarter. Alcoholic beverage company Boston Beer was a detractor for the quarter as the market continues to react to mixed short-term industry data. We did not have any new purchases or exits in the portfolio during the quarter.

The Amplify Online Retail ETF (IBUY) has rallied over the past month, signaling a robust appetite for online consumer discretionary spending despite persistent macroeconomic headwinds. Outsized gains in specialized healthcare retail and online travel names have driven performance for IBUY's underlying index.

Ho Chi Minh City, Vietnam, June 19, 2026 (GLOBE NEWSWIRE) -- KiN Hotel Thi Sach Edition is pleased to announce today that it has been recognized in Tripadvisor's Travelers' Choice® Awards for 2026. Tripadvisor's Travelers' Choice Award winners are among the top 10% of listings around the world on Tripadvisor.

American Express will acquire TheFork from Tripadvisor for about $700M, expanding its dining network to roughly 75,000 bookable venues across Europe.

Tripadvisor Inc (NASDAQ:TRIP) has agreed to sell its European restaurant reservations platform TheFork to American Express for $700 million in cash, a move that Jefferies says simplifies the company's structure but does not fully offset longer-term pressure in its core business. The deal, which Jefferies noted had been widely anticipated following Tripadvisor's earlier indication that it was exploring strategic alternatives for TheFork, is expected to close before the end of fiscal 2026.

Tripadvisor, Inc. has declined 33% but now appears to be bottoming, with rebound attempts supported by the planned $700M sale of TheFork to American Express. TRIP faces macro headwinds—stubborn inflation, rising costs, and stiff competition—yet Viator and TheFork segments remain growth drivers, leveraging app-driven, commission-based models. AI-driven product innovation and operational efficiency are central to TRIP's strategy, aiming to reduce SEO dependence and improve conversion rates amid ongoing margin pressures.

American Express wants to acquire restaurant reservation management platform TheFork from Tripadvisor for $700 million. Announcing the proposed deal in a Monday (June 15) news release, American Express said it was designed to build on the company's broader dining strategy following its acquisitions of Resy and Tock.

American Express said on Monday it will buy restaurant booking platform TheFork from Tripadvisor in an all-cash ​deal worth $700 million, sending shares of the online ‌travel platform up 14% in premarket trading.

Transaction highlights the value of Tripadvisor's portfolio and enables greater focus on experiences NEEDHAM, Mass., June 15, 2026 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) (the "Company") today announced it has entered into a put option agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for $700 million in an all-cash transaction.

NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) today announced a proposed acquisition of TheFork, a leading online restaurant reservation and management platform in Europe, from Tripadvisor, Inc. (NASDAQ: TRIP), growing its dining offering in the region. TheFork connects millions of diners with more than 50,000 restaurants across 11 European countries through its restaurant management, booking and customer engagement platform, alongside a consumer-facing restaurant discovery and reserv.