猫途鹰TripAdvisor Inc (TRIP) 2020年10-K年度报告「NASDAQ」.pdf

1、Notice of 2021 Annual Meeting andProxy Statementand2020 Annual ReportNotice of 2021 Annual Meetingand Proxy StatementApril 29,2021Dear Fellow Stockholder:As challenging as 2020 was for the travel industry,we enter 2021 with optimism due to three main factors.First,the vaccine news has been very posi

2、tive and we are encouraged by recent reports highlighting improvedvaccine distribution.Second,signals indicate that pent up travel demand continues to grow,setting the travelindustry up for a potential inflection later in the year.Third,we have executed well on factors within our control,strengthene

3、d our offerings for the rebound,and oriented the business towards an exciting future.Specifically,we:Executed disciplined cost controls that drove significant savings in 2020,enabling increased,durable,operating leverage as revenue returns.Ensured our strong liquidity position by amending our credit

4、 facility and raising debt capital.Focused on our competitive advantages and diverse revenue streams,which are poised to respond quicklywhen consumer demand recovers and travel advertisers lean back in.Expanded our long-term growth potential by beta-launching an exciting direct-to-consumer subscript

5、ionoffering called Tripadvisor Plus in Q4.In sum,we successfully navigated the toughest year in our companys history and quickly adapted to our new reality.Despite uneven travel recovery trends in Q4 and early 2021,we see encouraging signs and are optimistic that travelcould come roaring back.Tripad

6、visor is poised to play an important role and we believe we are positioned to emergefrom the pandemic even stronger.You are cordially invited to attend the Annual Meeting of Stockholders of Tripadvisor,Inc.to be held onTuesday,June 8,2021,at 11:00 a.m.Eastern Time.This year the annual meeting will b