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TripAdvisor revenue falls as referral revenue drops

The logo for a travel website company TripAdvisor Inc is shown on a computer screen in this illustration photo in Encinitas, California May 3, 2016.

TripAdvisor Inc's (TRIP.O) quarterly revenue fell 3 percent, missing analyst estimates, as a rise in hotel bookings on its websites hurt revenue from referrals to third-party sites.TripAdvisor has been allowing users in the United States and the UK to reserve hotels directly on its websites since 2014, charging hotels a fee for the bookings. The feature was rolled out globally in the first...