TripAdvisor‘s full year results for 2016 show revenues down 1% to $1.48 billion, resulting in an adjusted EBITDA of $352 million, a drop of 24%.

CEO Steve Kaufer said:

“We rolled out hotel instant booking globally and strengthened our position in attractions, restaurants and vacation rentals.

“With our price comparison and booking capabilities in place, we are focused on raising consumer  awareness of TripAdvisor as a great place to go to price shop and book.”

Hotel revenues for 2016 came in at $1.19 billion, down 6%, while non-hotel revenues of $290 million represent a 27% hike.

But the growth is coming at a cost, with non-events recording an adjusted EBITDA loss for 2016 of $28 million.

The volume of user reviews and opinions continues to grow, climbing 45% during 2016. At the end of the year it covered 1,060,000 hotels and accommodations,  835,000 vacation rentals,  4.3 million restaurants and  760,000 attractions and experiences.

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Related reading from Tnooz:
TripAdvisor tipped for takeover (if it has a successful year) (Feb17)
TripAdvisor gets Instant Booking nod from Expedia (Dec16)