Tripadvisor and Group Announce Strengthened Strategic Partnership

Needham, Mass. and Shanghai
June 1, 2021
PR Newswire Group Limited (Nasdaq: TCOM) (“”) and Tripadvisor, Inc. (Nasdaq: TRIP) (“Tripadvisor”) today announced an expansion of the strategic partnership first announced in November 2019, including a new commercial arrangement and waiver under the Governance Agreement. and Tripadvisor have agreed to expand their strategic partnership to include Tripadvisor Plus. Initially, will provide access to preferential pricing on at least 10,000 properties to benefit the Tripadvisor Plus offering, Tripadvisor’s new, direct-to-consumer subscription service. This collaboration, to be launched later this year, is expected to be expanded over time.

Concurrently, has been granted approval under the Governance Agreement to sell a portion of its holdings in Tripadvisor, which at April 16, 2021 consisted of approximately 6.95 million shares, to meet its corporate needs. Sales by are expected to occur in multiple tranches throughout 2021. has relinquished its contractual right under the Governance Agreement to nominate a director to the Tripadvisor board of directors, which position has been held by Group CEO, Jane Sun. As an indication of the commitment to the ongoing relationship between the companies, Ms. Sun will continue to serve on the Tripadvisor board, subject to the typical shareholder voting process.

Ctrip Investment Holding Ltd., a subsidiary of and Tripadvisor’s subsidiary, Tripadvisor Singapore Private Limited, will continue to partner on their joint venture that serves travelers throughout mainland China.

“We continue to value our strategic partnership with, inclusive of our joint venture in China, and appreciate Jane’s ongoing contributions to our Board,” said Stephen Kaufer, president and chief executive officer, Tripadvisor. “We are pleased to deepen our relationship through Tripadvisor Plus. We are excited about the initial launch, and we look forward to expanding’s presence on our platform over time.”

“Tripadvisor remains a great partner for,” said Jane Sun, CEO of Group. “We are very excited about continuing this strategic partnership, which will undoubtedly further enhance the travel experience for our customers worldwide.”

About is a leading one-stop travel service provider comprising of, Ctrip, Skyscanner, and Qunar. Across its platforms, enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003, has become one of the best-known travel brands in the world, with the mission of “pursuing the perfect trip for a better world”.

About Tripadvisor

Tripadvisor, the world’s largest travel guidance platform, helps hundreds of millions of people each month* become better travelers, from planning to booking to taking a trip. Travelers across the globe use the Tripadvisor site and app to discover where to stay, what to do and where to eat based on guidance from those who have been there before. With more than 887 million reviews and opinions of nearly 8 million businesses, travelers turn to Tripadvisor to find deals on accommodations, book experiences, reserve tables at delicious restaurants and discover great places nearby. As a travel guidance company available in 49 markets and 28 languages, Tripadvisor makes planning easy no matter the trip type.