Direct reservations help TripAdvisor book profit beat

Travel review website operator TripAdvisor Inc reported better-than-expected quarterly revenue and profit as more users reserved hotels using a new system that allows direct bookings from its website. The results follow a strong showing by online travel company Expedia Inc and indicate that travel demand in key markets such as the United States and Europe was resilient despite concerns of slowing global economic growth. TripAdvisor's shares surged as much as 19 percent to $64.72, registering the