Travelzoo has announced new business initiatives in France, Hong Kong, and Japan.Travelzoo France officially launches its business this week with the publication of its first Top 20 list. In June, Travelzoo’s Hong Kong office began publishing a Top 20 list in Chinese for Hong Kong. On September 1, Travelzoo will open an office in Tokyo, Japan.
“We are continuing to aggressively implement our strategy of turning Travelzoo into a global media brand,” said Ralph Bartel, chairman and chief executive officer, Travelzoo. “While we expect these initiatives to have a material negative impact on our earnings in 2007 and 2008, due to significant expenses related to subscriber marketing campaigns in new markets and operating losses during the start-up phase, we believe that it is an attractive strategy for Travelzoo in the long-term. As a global organization we are able to source the very best travel deals wherever they occur, research and review them with local expertise, and publish them to our more than 11 million subscribers.”
In March, Travelzoo opened an office in France, followed by Hong Kong in April, both employing local staff. On September 1, Travelzoo will open an office in Tokyo.
In 2005 Travelzoo launched its business in the U.K., followed by the launch of its business in Canada and in Germany in 2006.