Welcome to our dedicated page for TRAVELZOO news (Ticker: TZOO), a resource for investors and traders seeking the latest updates and insights on TRAVELZOO stock.
Travelzoo (NASDAQ: TZOO) presents itself as the club for travel enthusiasts and regularly publishes news about new Club Offers for its members. These news releases highlight rigorously vetted and negotiated travel and entertainment offers for Club Members in regions such as the United States, Canada and the United Kingdom. Each announcement showcases specific trips, hotel stays and experience-based packages that Travelzoo has arranged with its travel partners.
According to the company, Club Offers are built around the lifestyle of a modern travel enthusiast. Recent news items describe multi-night trips with flights, resort stays in destinations like the Caribbean, Cabo, Hawaii and the Maldives, city breaks in locations such as London and Brussels, and themed experiences including theatre packages and yacht sailing. Offers typically note the elements included in the package, the savings compared with regular or comparable prices and that inventory is limited and subject to availability.
Investors and travelers following TZOO news can use this page to see the kinds of offers Travelzoo is promoting and how it emphasizes its relationships with thousands of top travel companies. The news flow also reflects how the company positions its club model across North America and Europe, with separate releases tailored to members in different countries. By reviewing the sequence of announcements, readers can observe the range of destinations, trip formats and experiences that feature in Travelzoo’s communications to its Club Members.
For those tracking the brand, this news page provides a centralized view of Travelzoo’s public updates about Club Offers and illustrates how the company presents its role as a publisher of travel and entertainment offers for travel enthusiasts.
Travelzoo (NASDAQ: TZOO) reported Q4 2020 consolidated revenue of $12.5 million, a 51% decline from $25.3 million year-over-year. Net income was $702,000 with an EPS of $0.02, down from $0.15 in the previous year. The North America segment revenue fell 45% to $8.9 million, while Europe saw a 71% plunge to $2.7 million. Travelzoo's cash position stood at $64.2 million. The company anticipates a recovery trend amidst lower operating expenses and added over 2 million new members in March 2021.
Travelzoo (NASDAQ: TZOO) announced a conference call to discuss its fourth-quarter financial results for 2020, set for March 17, 2021, at 11:00 AM ET. The company will release its results before the market opens on the same day. Investors can access a live webcast of the call via Travelzoo's investor relations page, where the archived version will be available within 24 hours. Travelzoo continues to provide its 30 million members with exclusive travel, entertainment, and lifestyle deals, partnering with over 5,000 travel suppliers globally.
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Travelzoo (NASDAQ: TZOO) reported Q3 2020 consolidated revenue of $13.8 million, a 42% decline from $23.8 million year-over-year, despite a 97% increase from Q2 2020. The net loss was $1.2 million, with an EPS of ($0.10). Non-GAAP operating profit stood at $1.2 million. Cash position improved to $51.7 million. North America experienced a 40% revenue decrease, while Europe faced a 57% decline. The acquisition of Jack's Flight Club contributed $1.1 million in revenue. The company anticipates a close to break-even result for Q4.
Travelzoo (NASDAQ: TZOO) will host a conference call on October 21, 2020, at 11:00 AM ET to discuss its financial results for Q3 2020, ending September 30. A press release will be issued prior to the market opening on the same day. The conference call can be accessed via a live webcast at http://ir.travelzoo.com/events-presentations, which will be archived 24 hours post-call.
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Travelzoo® (NASDAQ: TZOO) has been awarded the title of "Best Travel Deals Website" at the 2020 Silver Travel Awards, based on votes from 225,000 UK consumers. This represents a 60% increase in voter participation compared to the previous year. The award highlights Travelzoo's strong appeal among the lucrative 50+ age demographic, known for their higher disposable income and travel spending. In response to growing demand for flexible travel options, Travelzoo has seen a resurgence of compelling offers, further enhancing its attractiveness to consumers.
Travelzoo (NASDAQ: TZOO) has achieved the highest ranking for consumer satisfaction in Germany for the second consecutive year, as recognized by Focus Money. In a survey with over 48,000 participants, Travelzoo received the "BESTNOTE" in the travel deals category, surpassing 322 online platforms across various industries. This recognition reflects the company's dedication to curating appealing travel deals. General Manager Christian Smart expressed pride in the award, highlighting the team's commitment to enhancing customer experiences.
Travelzoo (NASDAQ: TZOO) reported a significant revenue drop of 73% for Q2 2020, totaling $7.0 million, down from $26.6 million year-over-year. The company faced a non-GAAP operating loss of $2.5 million, with a GAAP operating loss of $6.6 million. Earnings per share were ($0.48), reflecting a decline from the previous year's ($0.25). Despite challenges, CEO Holger Bartel expressed optimism for a revenue recovery in Q3 due to increased travel deals. As of June 30, 2020, Travelzoo's cash reserves stood at $27.0 million, bolstered by government loans totaling $3.6 million.
Travelzoo (NASDAQ: TZOO) will host a conference call on July 30, 2020, at 11:00 AM ET to discuss its financial results for Q2 2020, which ended June 30, 2020. The company will issue a press release detailing these results before the market opens that day. Investors can access the live webcast of the earnings call on Travelzoo's investor relations website and it will be archived within 24 hours for later viewing.