Should You Buy Travel Stocks Like Tripadvisor Inc (TRIP) And Ctrip.com International, Ltd. (CTRP)? This Skilled Money Manager Is

Vora also opened a new position in Chinese travel agency Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), consisting of 600,000 shares with a value of $35.20 million. Unlike Tripadvisor, Ctrip.com has been having a brisk stretch on the stock exchange, returning 67.7% year-to-date and 74% during the last three months. A development that was by large part driven by the great results for the fourth quarter of 2014 that Ctrip.com posted in March, including a 33% increase in revenue. At the end of May, Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) also revealed that it had taken a stake of 38% in competitor Elong Inc., a move which analysts say might be a way to stop the fierce competition between the two firms, instead fostering a co-operative environment for them to jointly work together in the expanding Chinese travel market. The stock market did indeed like the new strategy and shares of Ctrip reached their all-time-high shortly after. We believe that Michael Doheny and his Freshford Capital Management also are happy regarding the new strategy, since they, like Parag Vora, took a stake in the travel agency during the first quarter of 428,464 shares with a value of $25.12 million.

Lastly, HG Vora opened a stake of 1.25 million shares with a value of $29.60 million in Homeinns Hotel Group (ADR) (NASDAQ:HMIN), an investment that seemingly has been quite good thus far, with a return of 9.3% year-to-date and 19.8% during the last week alone. That development was driven by the news last week that Homeinns Hotel Group (ADR) (NASDAQ:HMIN) was subject to a bid by none other than an investor group which includes Ctrip, to take China’s largest budget hotel chain private. The Shanghai-based hotel chain, operating since 2001, is expected to try and relist on either the Shanghai or Hong Kong stock exchanges, where it’s expected it would receive a greater valuation. Another investor holding a large stake in the Chinese hotel chain is Brett Barakett, representing Tremblant Capital, who owns 1.65 million shares with a value of $39.02 million.

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