(AOF) – Tripadvisor jumped more than 11% in pre-market on Wall Street after announcing the formation of a special committee composed of independent directors of the board of directors, responsible for “evaluating any proposal that could be presented with a view to a potential transaction”, as well as any alternative thereto, with regard to the group. Liberty TripAdvisor Holdings, a 21% shareholder, said it was studying the possibility of buying Tripadvisor. This announcement comes on the eve of the presentation of the group’s financial results.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.