TripAdvisor, Inc.

We're standing by and welcome to the TripAdvisor fourth quarter and full year 2021 conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 on your telephone. As a reminder, today's program is being recorded. I would now like to introduce your host for today's program, Angela White, Vice President of Investor Relations. Please go ahead.

Thanks, Jonathan. Good morning, everyone, and welcome to TripAdvisor's fourth quarter and full year 2021 financial results call. Joining me today are Steve Koffer, CEO, and Ernst Tennyson, CFO and Chief Executive of Viator, The Fork, and Cruise Credit. Last night after market closed, we distributed and filed our earnings release and made available a shareholder letter on our investor relations website. In the release, you'll find reconciliations of non-GAAP financial measures to the most comparable GAAP measure discussed on this call. Also, on our IR site, You'll find supplemental financial information, which also includes reconciliations of certain non-GAAP financial measures discussed on this call, as well as other metrics. Before we begin, I'd like to remind you that this call may contain estimates and other forward-looking statements that represent management's views as of today, February 17, 2020. TripAdvisor disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to our earnings release, as well as our filings with the SEC, for information concerning factors that could cause actual results to differ materially from these forward-looking statements. With that, I'll turn the call over to Steve.

Thank you, Angela, and good morning, everyone. We just finished our fiscal year, and I'm pleased with our rate of recovery. Thinking back to this time last year, things were still very uncertain, vaccines were not available, and many parts of the world were still in lockdown. We've come a long way, and as 2021 progressed, We saw our tourism industry begin its transition out of the pandemic, and our results followed. Across our segments, we exited the year in a much stronger position. Throughout the year, we remained focused on our partners, customers, and travelers. We continued to launch new products and improve the user experience for our travelers. And just a few weeks ago, we hit a tremendous milestone of a billion reviews and opinions. Now, all of this is a testament to our terrific teams across the globe and the brand that we've built, the foundation of which is the trust and engagement from our travelers. As we lay out in the shareholder letter, we believe that across our businesses, we are well positioned to execute our plans for 2022. We've provided updates on our key segments and areas of focus as we start the new year. I hope you've had a chance to read through that. One update that I did not provide in the shareholder letter was on the CEO transition. I can share that the board continues to search for my successor, and we will keep you updated as the journey continues. In the meantime, I remain fully engaged and focused on driving business results, innovation, our employees, and our customers. So with that, I'll turn it over to Ernst before we take your questions.