Wed, Aug. 26, 7:10 PM
- Travelzoo (NASDAQ:TZOO) has acquired the "Travelzoo Asia Pacific Business," which operated independently under the Travelzoo brand, for a mixture of cash and a $5.7M promissory note.
- The business had 2014 revenue of $10.8M, and operates in China, Japan, Hong Kong, Taiwan, Australia, and Southeast Asia. Travelzoo highlights the deal's potential to "tap into opportunities arising from the fast-growing number of Chinese outbound travelers."
- The company also announces it has added Caroline Tsay, an HP software exec, and Beatrice Tarka, the founder/CEO of travel search engine Mobissimo, to its board.
Thu, Jul. 16, 12:46 PM
Thu, Jul. 16, 8:08 AM
Wed, Jul. 15, 5:30 PM
Wed, Jul. 8, 1:10 PM
- Travelzoo (NASDAQ:TZOO) has gradually rallied today on volume of 115K shares. The 3-month daily average is 189K.
- After the close yesterday, a transaction was disclosed in which chairman Holger Bartel apparently sold 200K shares last Thursday at $10.89 to a trust in the name of his brother, founder and ex-chairman Ralph Bartel. The trust now has 7.43M shares.
Wed, Jul. 8, 12:45 PM
Tue, Jun. 30, 11:47 AM
- Piper's Michael Olson reports checks for online travel trends through May point to a strong Q2 for the industry.
- Priceline (PCLN +2.8%), Expedia (EXPE +2%), Travelzoo (TZOO +3%), HomeAway (AWAY +1.6%), and TripAdvisor (TRIP +0.9%) are outperforming to varying degrees amid a 0.5% gain for the Nasdaq. Aside from Expedia, the group has been pressured by a mixture of forex and company-specific concerns. Piper has a neutral rating on Expedia due to valuation concerns, and Overweight ratings on Priceline, TripAdvisor, and HomeAway.
- Separately, Expedia has named worldwide engineering SVP Aman Bhutani the president of the Brand Expedia Group, which covers Expedia.com, Travelocity, Wotif, and Expedia's JV with AirAsia - CEO Dara Khosrowshahi has been handling the job for over 3 years. GeekWire notes Bhutani has a strong reputation within the company for making data-driven tech decisions and experimenting with product changes.
- Previously: Deutsche downgrades Priceline, cites Airbnb
- Previously: Macquarie: HomeAway is cheap if Airbnb is worth $24B
Tue, Jun. 9, 7:23 AM
- Lufthansa (OTCPK:DLAKF, OTCQX:DLAKY) is taking the dramatic move to charge passengers an extra fee for booking travel through third-party sites.
- Though many airlines are reducing the number of flight options they show on travel sites, Lufthansa is one of the first major carriers to charge for booking outside its network.
- The fee from the German airline for outside bookings will begin in September and average $18 per ticket.
- The trend could pick up warn some industry watchers.
- “Consumers are going to go to the price-comparison sites and thinking they’re comparing prices, but they’re not,” said Yale professor Fiona Scott Morton.
- Related stocks: EXPE, PCLN, OWW, TZOO, TRIP.
Mon, Apr. 27, 3:06 PM
- Today's notable tech gainers include online real estate leader Zillow (Z +4.3%), online travel deals platform Travelzoo (TZOO +8%), and gaming IP licensing firm Worlds (OTCQB:WDDD +15.5%).
- Notable decliners include wireless charging tech developer Energous (WATT -9.3%), enterprise mobility management software firm MobileIron (MOBL -9.4%), Chinese mobile game publisher iDreamSky (DSKY -7.1%), and cloud tech support software provider Support.com (SPRT -6.6%). The Nasdaq is down 0.6%.
- Zillow is now up 10% since providing soft full-year guidance on April 14. Travelzoo is up 32% since posting a Q4 beat on April 16.
- Energous is selling off after filing a $75M mixed shelf following Friday's close. MobileIron is down 34% since issuing a Q1 warning last Wednesday. iDreamSky is missing out on a Chinese tech rally.
- Previously covered: Applied Materials, Aerohive, Taser, Oclaro, JD.com, Sky-mobi, 3D Systems/Stratasys
Fri, Apr. 17, 3:07 PM
- With the Nasdaq off 1.7% amid a broader market selloff, many tech companies are posting outsized losses, and only a few (excluding microcaps) are posting 2%+ gains.
- Notable decliners include Russian online payments leader Qiwi (QIWI -7.8%), Chinese solar firms JinkoSolar (JKS -5.3%), ReneSola (SOL -8.4%), Trina (TSL -5.1%), and Yingli (YGE -5.2%), Chinese online real estate play Leju (LEJU -7.8%), analog/mixed-signal chipmakers ON Semi (ONNN -5.3%) and InPhi (IPHI -4.7%), enterprise flash storage vendor Violin Memory (VMEM -5.2%), online travel deals platform Travelzoo (TZOO -6.4%), and smart grid hardware/software vendor Silver Spring (SSNI -4.6%).
- Profit-taking appears to be a big culprit in many instances. Qiwi (like other Russian firms) had rallied strongly in recent weeks thanks to the ruble and oil's rallies. Chinese solars have also been early-2015 standouts, and so have ON Semi and Silver Spring; the latter has recently announced deals (I, II) with Paris' street light/traffic control operator and Australian energy firm AusNet. Travelzoo is returning a chunk of yesterday's big post-earnings gains.
- Previously covered: AMD, ServiceNow, cloud/analytics stocks, Etsy, Wayfair
- Notable gainers: Seagate, 58.com, ZBB Energy
Thu, Apr. 16, 12:45 PM
Thu, Apr. 16, 11:47 AM
- "In spite of the strong dollar we achieved a sequential 16% increase in revenue over the previous quarter," notes Travelzoo (NASDAQ:TZOO) CEO Chris Loughlin. He adds more new members were added than in any quarter in the prior 3 years.
- On a Y/Y basis, the travel deals provider's numbers were still soft: North American revenue -6% Y/Y to $24.7M; European revenue -15% to $11.8M (-7% in local currency). Unduplicated total members rose by 300K Q/Q to 24.5M. North American members stood at 17.2M, and European members at 7.5M (rounded up?).
- GAAP operating expenses were nearly flat Y/Y at $28.5M (compares with a 9% revenue drop) - sales/marketing spend totaled $18M, and G&A $10.5M. Travelzoo ended Q1 with $54M in cash (30% of its current market cap), and no debt.
- Shares reacted very differently to the company's January Q4 report.
- Q1 results, PR
Thu, Apr. 16, 9:12 AM
Thu, Apr. 16, 8:02 AM
Wed, Apr. 15, 5:30 PM
Thu, Feb. 12, 1:35 PM
- Liberty TripAdvisor (LTRPA +27.7%), a holding company containing a 22% stake in TripAdvisor (and 57% of the company's voting rights), has naturally joined TripAdvisor's regular shares in soaring after the travel reviews/search site posted mixed Q4 results and offered above-consensus 2015 guidance amid a backdrop of low expectations.
- Travelzoo (TZOO +8%), meanwhile, appears to be getting a lift from both TripAdvisor's numbers and Expedia's $1.6B deal to acquire Orbitz. The travel deals provider is less than a month removed from plunging to new 6-year lows on account of a Q4 miss.
TZOO vs. ETF Alternatives
Travelzoo Inc. is an Internet media company, which informs over 27 million subscribers, as well as millions of Web site users, about the travel and entertainment deals available from thousands of Companies.
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