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Travelzoo

From Alfawiki
Travelzoo Inc.
Company typePublic
IndustryOnline travel, Entertainment, Local services
FoundedOctober 1998; 28 years ago (1998-10)
FounderRalph Bartel
Headquarters
New York City
,
United States
Area served
North America, Europe, Asia Pacific
Key people
Holger Bartel (interim CEO)
ProductsTravel and entertainment deals
Websitewww.travelzoo.com

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