TripAdvisor Inc was incorporated as a Delaware corporation on July 20, 2011. Its spun off from Expedia, Inc. was on December 20, 2011. The Company is an online travel company, empowering users to plan the perfect trip. The Company's travel research platform aggregates reviews and opinions from its community about destinations, accommodations, restaurants and related activities through its flagship TripAdvisor brand. Its websites include tripadvisor.com in the United States and localized versions of the TripAdvisor website in 46 countries and are offered in 28 languages: English, Spanish, Chinese (Traditional and Simplified), Russian, Arabic, Greek, Korean, Polish, Norwegian, Turkish, Danish, Swedish, Dutch, Bahasa, Thai, Portuguese, Japanese, Italian, French, Vietnamese, Hebrew, Suomi, Hungarian, Czech, Slovak, Serbian, and German. The Company operates in the online advertising sector of the travel industry. As a result, it is impacted by trends in the travel industry, the online travel market and online advertising. The Company faces competition for users, advertisers and travel reviews. The Company's primary competitors include large search engines, such as Google, Microsoft's Bing, Yahoo! and Baidu, and online travel agencies such as Expedia and Priceline, and their respective subsidiaries. The Company also competes with a wide range of other companies, including, among others, Airbnb, Inc., Ctrip.com International, Ltd., HolidayCheck AG, HomeAway.com, Inc., and Yelp, Inc. The Company is subject to a number of United States federal and state and foreign laws and regulations that affect companies conducting business on the Internet, many of which are still evolving and being tested in courts, and could be interpreted in ways that could harm its business.
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