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Trivago

Trivago N.V.
Public company
Traded as NASDAQTRVG
Industry Travel, Hotel, Information technology, Marketing
Founded January 2005; 12 years ago (2005-01) in Düsseldorf, Germany
Founders Rolf Schrömgens
Malte Siewert
Peter Vinnemeier
Headquarters Düsseldorf, Germany
Areas served
55 countries worldwide
Key people
Rolf Schrömgens
Malte Siewert
Peter Vinnemeier
Andrej Lehnert
Johannes Thomas
Products Metasearch for hotel prices
Trivago Hotel Manager
Owner Expedia, Inc.
Subsidiaries Base7booking
Rheinfabrik
Website trivago.com

Trivago N.V., often referred to as trivago, is a German multinational technology company specializing in internet-related services and products in the hotel, lodging and metasearch fields. Trivago was the first hotel search engine in Germany, and is one of the fastest growing companies in Germany, with profitability doubling since 2008.Expedia, Inc. owns a majority of the company's stock.

The company was founded in Düsseldorf, Germany in January 2005 by college friends Rolf Schrömgens, Peter Vinnemeier, Stephan Stubner and Malte Siewert. Seeing an opportunity in the hotel search space, the founding team developed Germany’s first hotel search engine. Shortly after launch, Stubner resigned as Managing Director, but the three other founders remain.

Initially, Trivago received €1 million from investors, including the Samwer brothers, Florian Heinemann and Christian Vollmann. In 2008, Trivago received $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 $52.86M to a US investment fund, Insight Venture Partners.

In December 2012, Expedia, an American travel company, announced that it would acquire a 61.6% stake in Trivago for US$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, Andrej Lehnert and Johannes Thomas (Hotel Sales, Business) joined Trivago's Managing Director team. In 2015, Trivago reported more than $500 million in revenue, and said its revenue had doubled every year from 2008 to 2015.

In March 2016, Trivago announced it had acquired 52.3% of Cloud-PMS company Base7booking, after taking majority control of the Switzerland-based company in the third quarter of 2015. Trivago integrated Base7booking's property management system, which enables small and independent hoteliers to manage daily operations, run reports, send invoices and manage digital and email marketing.

In April 2016, Trivago reached 1000 employees and began building a new campus in Düsseldorf.

On December, 16, 2016, Trivago became publicly traded on the NASDAQ exchange under the ticker symbol TRVG. Expedia retains 64.7% of voting rights and 59.7% of economic rights.

Trivago is headquartered in Düsseldorf, where the international operations are conducted and 90% of the company’s employees work. In 2014, Trivago opened new offices in Leipzig and Palma de Mallorca.


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