Travelzoo
 | This article needs additional citations for verification. (September 2014) |
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| Company type | Public |
|---|---|
| Nasdaq: TZOO Russell 2000 Index component | |
| Industry | Internet media |
| Founded | 1998 |
| Headquarters | New York City |
Area served | United States, Canada, Australia, China, Hong Kong, Japan, Singapore, United Kingdom |
| Revenue |  $106.5 million (2017)[1] |
Number of employees | 422 (2018)[2] |
| Website | travelzoo |
Travelzoo Inc. is an Internet company that publishes deals from more than 2,000 travel, entertainment and local businesses such as restaurants and spas. It has 28 million members in North America, Europe, and Asia Pacific and 25 offices worldwide.[3][4]
Companies pay to advertise their deals with Travelzoo, but only those approved by Travelzoo are listed.
History
[edit]In October 1998, Travelzoo founder Ralph Bartel, a former print and television journalist, launched Travelzoo.com with an initial investment of $10,000. In September 2000, Travelzoo published its first Top 20 and e-mailed one million U.S. members. In December 2003, Travelzoo became publicly traded on the NASDAQ SmallCap Market under the ticker symbol "TZOO".
In April 2004, Travelzoo announced that the company's publications had reached over 7 million members, a 75% increase over the 4 million members Travelzoo counted in April 2003.[5]
On March 31, 2006, Travelzoo announced that Forbes.com rated the Travelzoo Web site as one of the best Web sites for travel-related information and travel deals.[6]
Travelzoo acquired Travelzoo Asia Pacific in 2015 to take advantage of the region's increased travel growth.[7]
In October 2015, Travelzoo's CEO Chris Loughlin announced he would step down by the end of the year, to be succeeded temporarily by chairman Holger Bartel.[8]
In September 2024, Litchfield Hills Research initiated coverage on shares of Travelzoo (NASDAQ:TZOO) with a Buy rating and set a price target of $35.00.[9]
References
[edit]- ^ "Travelzoo revenue". www.craft.co.
- ^ "Travelzoo Company Profile". www.craft.co.
- ^ "What 4 Analyst Ratings Have To Say About Travelzoo - Travelzoo (NASDAQ:TZOO)". Benzinga. Retrieved 2024-09-08.
- ^ "About".
- ^ "Travelzoo Surpasses 7 Million Subscribers" (PDF).
- ^ "Forbes.com Names Travelzoo(R) One of Best Web Sites for Travel".
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-12-22. Retrieved 2015-12-12.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Travelzoo CEO Steps Down and Chairman Assumes Role". Skift. 1 October 2015.
- ^ "Litchfield Hills Research Initiates Coverage on Travelzoo (NASDAQ:TZOO)". MarketBeat. Retrieved 2024-09-08.
External links
[edit]- Official website
- Business data for Travelzoo, Inc.:
- Companies listed on the Nasdaq
- Online marketplaces of the United States
- Online travel agencies
- Publicly traded companies based in New York City
- 2003 initial public offerings
- American companies established in 1998
- American travel websites
- Internet properties established in 1998
- 1998 establishments in the United States
- Companies established in 1998
- 1998 establishments in New York City
- 1998 establishments
- Organizations established in 1998
- Tourism companies
- Travel websites