Travelzoo
| Company type | Public |
|---|---|
| Industry | Online travel, Entertainment, Local services |
| Founded | October 1998 |
| Founder | Ralph Bartel |
| Headquarters | New York City , United States |
Area served | North America, Europe, Asia Pacific |
Key people | Holger Bartel (interim CEO) |
| Products | Travel and entertainment deals |
| Website | www |
Travelzoo Inc. operates as an online platform that curates offers from more than 2,000 businesses spanning travel, entertainment, and local services such as dining and wellness centers. Its user base includes 28 million members located throughout North America, Europe, and the Asia Pacific region, with operations managed from 25 offices globally.
While companies pay to promote their deals on Travelzoo, only those offers that meet approval criteria are displayed.
History
Travelzoo.com was founded in October 1998 by Ralph Bartel, a former journalist, who invested $10,000 to start the company. By September 2000, the firm had released its inaugural Top 20 list and reached one million subscribers in the United States via email. The company went public in December 2003 on the NASDAQ SmallCap Market, trading under the symbol "TZOO."
Membership numbers grew significantly to over 7 million by April 2004, marking a 75% increase compared to the previous year. In March 2006, Forbes.com acknowledged Travelzoo as a leading website for travel-related information and special offers.
To leverage growth opportunities in the Asia Pacific travel market, Travelzoo expanded its presence by acquiring Travelzoo Asia Pacific in 2015.
In October of the same year, CEO Chris Loughlin resigned, with chairman Holger Bartel stepping in as interim CEO.
Most recently, in September 2024, Litchfield Hills Research commenced coverage of Travelzoo (NASDAQ:TZOO), assigning a Buy rating with a target price of $35.
External links
- Articles with short description
- 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 New York City
- Tourism companies
- Travel websites