Tripadvisor will lose its leader after 21 years and without a successor

Tripadvisor will lose its leader after 21 years in charge of the company, but they haven’t named a successor yet. As part of the presentation of the third quarter financial report, Steve Cover announced that he will retire in 2022.

“Given our strong standing, the talented teams driving our plans, and after more than 20 years on Tripadvisor, I believe now is the best time to announce my plans to leave the company next year. I have a lot of respect and appreciation for all the teams over the years that have made this company what it is. it is today and I remain dedicated to continuing to guide the Tripadvisor family as CEO until the transition is complete.” Compiled by Travel Weekly.

The company noted that Kaufer co-founded Tripadvisor in 2000, “with the goal of helping travelers around the world plan and book the perfect trip. Over the past 21 years under his leadership, the company has become the world’s largest travel company, with employees in more than 20 countries and operating locations Domestic travel in more than 40 markets.

Meanwhile, Tripadvisor Chairman Greg Maffie noted Kaufer, “Steve has been the driving force behind Tripadvisor since its launch in 2000. His contributions to the consumer travel experience are countless and his vision has resulted as a result of the Tripadvisor we know today.”

In terms of third-quarter results, Tripadvisor ended the third quarter with revenue of $303 million, double the revenue for the same period in 2020 but 29% lower than the $428 million in third-quarter 2019 revenue.

As mentioned REPORTUR.coWithin the ranking of 20 travel agencies worldwide, provided by Market Screener, only one agency from Latin America stands out, although it is not the first with the highest capitalization, as others seem to outdo it. (Agency Ranking: Only 1 Latina in the world’s top 20 companies.)

Latin site OTA Despegar.com appears in 15th place with a capitalization of $746 million during the second quarter of 2021. Above is Booking that tops the list, followed by Expedia Group, Trip.com, Tongcheng and Tripadvisor that occupies fifth place.