Shares in travel aggregator Travelzoo have slumped following the release of disappointing quarterly results. While the company revealed second-quarter net income was $4.9 million, or 30 cents a share, compared with $3.2 million, or 20 cents a share, a year ago, this was below analysts’ expectations of 39 cents per share on revenue.
Travelzoo Asia Pacific, a licensee of Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company, today announced the appointment of Vivian Hong as President, China. Ms. Hong will oversee all aspects of the company’s business and operations and lead Travelzoo’s growing business in the Chinese mainland. She will report to Mr. Jason Yap, CEO, Travelzoo Asia Pacific.
Travelzoo Asia Pacific, a licensee of Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company, today announced that it has surpassed more than three million subscribers to its Top 20™ publications in the Asia Pacific region.
Travelzoo has reached over 2.5 million subscribers to its European publications in France, Germany, Spain and the United Kingdom.“Consumers across Europe are turning to Travelzoo during these challenging economic times because they want to save money, but don’t want to give up a quality holiday experience”, said Chris Loughlin, managing director of Travelzoo in Europe.
Travelzoo has made its news travel search engine, fly.com available for public beta access, offering the latest innovations geared toward offering value in travel.