History
The company was founded in Düsseldorf, Germany, in January 2005. Seeing an opportunity in the hotel search space, the founding team developed Germany's first hotel search engine. Shortly after launch, Stephan Stubner resigned as Managing Director, but the three other founders (Rolf Schrömgens, Peter Vinnemeier and Malte Siewert) remained. Initially, Trivago received €1 million from investors, including the Samwer brothers, Florian Heinemann, and Christian Vollmann. In 2007, Trivago received US$1.14 million in Series B funding from the British company HOWZAT media LLP. In December 2010, Trivago sold a quarter of the company for US$52.86 million to a US investment fund, Insight Venture Partners. In December 2012, Expedia, an American travel company, announced that it would acquire a stake in Trivago for $632 million. The deal was completed in 2013. In December 2014, Trivago acquired mobile app product and development company Rheinfabrik. After the acquisition, Rheinfabrik remains independent from Trivago in its work. In 2015, Trivago reported more than US$500 million in revenue. In March 2016, Trivago announced it had acquired a portion of Cloud-PMS company Base7booking. In April 2016, Trivago reached 1,000 employees and began building a new campus in Düsseldorf. On December 16, 2016, Trivago became publicly traded on theOperations
Trivago is headquartered in Düsseldorf, where the international operations are conducted and 100% of the company's employees work.Business model
As a hotel price comparison website, Trivago makes money from advertising partners primarily using a cost-per-click (CPC) business model. Booking platforms, hoteliers and other providers list rates and advertise on the Trivago site, paying for the clicks received from Trivago users. Trivago also offers free and fee-based versions of its Hotel Manager product, which hoteliers use to market their facilities on the Trivago site. Trivago claims to be the world's largest online hotel search site, comparing rates from over 1 million hotels and more than 250 booking sites worldwide. Since their majority shareholder is Expedia, the effort is to direct bookings to their sites by way of various "adjustments" to how other sites' rates are perceived.Products and features
*Trivago app *Trivago Hotel Manager *Hotel Manager Pro *Rate ConnectIndices and rankings
Trivago Rating Index (tRI)
The tRI aggregates all ratings for destinations listed on Trivago and ranks them between 0 and 100. The index includes criteria such as location, price, food, internet, room and facilities, and is used to create annual Trivago rankings and awards such as the Reputation Ranking, Island Ranking, Ski Ranking, the Top Hotel Awards, and the Best Value Destinations (based on an algorithm combining the tRI with price).Trivago Hotel Price Index (tHPI)
The Trivago Hotel Price Index (tHPI) displays the average overnight accommodation prices for the most popular cities worldwide. Prices are based on the cost of a standard double room, taken from over 2 million daily price inquiries over the past month.Marketing
Trivago focuses on online marketing (SEM and display advertising), public relations and brand marketing (TV).The "Trivago guy"
When the company aired its first U.S. TV advertisement in 2012, the ad's spokesman inspired a trending Twitter hashtag, #trivagoguy, based on his unusual look. According to '' Rolling Stone'', Trivago "wanted someone real, approachable and genuine" when it chose actor Tim Williams to star in the ad. The Trivago guy became an unexpected celebrity, with some people noting his unbuttoned shirt and creepy vibe, while others found his scruffy appearance and deep voice "inexplicably sexy". Trivago responded to the comments by launching a contest that invited people to give the Trivago guy a makeover. The Trivago guy inspired parodies, fan fiction and a large gay following. Many commenters asked why Trivago chose not to have the actor wear a belt. According to the actor, that was an accident. "Unfortunately none of the belts fit the belt loops that I had on," Williams said. "I think that was probably the best break we could have gotten." Following the large response for the U.S. Trivago guy, the company decided to create French and Spanish Trivago guys. From 2016 until June 2017, theThe "Trivago girl"
In the UK, Trivago's advertisements are fronted byLegal issues
In August 2018, the Australian Competition & Consumer Commission (ACCC) alleged in a court case brought against Trivago in theSee also
* WebjetReferences
External links
* {{authority control 2005 establishments in Germany 2013 mergers and acquisitions 2016 initial public offerings Companies based in Düsseldorf Companies listed on the Nasdaq Expedia Group German travel websites Hospitality companies established in 2005 Information technology companies of Germany Internet properties established in 2005 Metasearch engines Travel ticket search engines German subsidiaries of foreign companies