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Travelzoo history
Travelzoo company history timeline
From May 21, 1998, when the web site first engaged in actual business through the end of the year, the company generated sales of $84,000.
In October 1998, Travelzoo founder Ralph Bartel, a former print and television journalist, launched Travelzoo.com with an initial investment of $10,000.
1998 The company is incorporated in the Bahamas.
Business grew at a steady clip in 1999 and Bartel was now joined by his brother, Holger Bartel, who took over as vice-president of sales and marketing.
By the end of 1999 Travelzoo had signed up more than 150 travel companies as advertisers, including American Express Vacations, American Airlines, Radisson Hotels, and Hilton, as well as local travel agents.
In September 2000, Travelzoo published its first Top 20 and e-mailed one million United States members.
2001 The United States entity is incorporated in Delaware.
Next, in March 2002, shareholders, in effect Ralph Bartel, voted to merge Travelzoo Corporation and Travelzoo Inc., with the latter becoming the surviving entity.
In addition to its Silicon Valley technical operation, Travelzoo established its corporate headquarters in midtown Manhattan, and then in May 2003 opened an office in Miami to better serve its important advertising clients in Florida, a key tourism state.
In December 2003, Travelzoo became publicly traded on the NASDAQ SmallCap Market under the ticker symbol "TZOO".
When 2003 ended, Travelzoo increased the number of subscribers to more than four million.
2004 Company stock soars nearly 1,000 percent.
Travelzoo opened a London office in April 2005 to do business in Europe.
On March 31, 2006, Travelzoo announced that Forbes.com rated the Travelzoo Web site as one of the best Web sites for travel-related information and travel deals.
2006 An office is opened in Toronto.
In October 2015, Travelzoo's CEO Chris Loughlin announced he would step down by the end of the year, to be succeeded temporarily by chairman Holger Bartel.
Travelzoo acquired Travelzoo Asia Pacific in 2015 to take advantage of the region's increased travel growth.
Travel sales contributed 85% of total revenue in 2018.
Overall, Travel almost remained flat in the last two years at $94.4 million in 2018, driven by a decline in advertising spend in Travelzoo’s Asia-Pacific region.
The company’s Travel business, which makes revenues by listing fees paid by travel businesses (hotels, airlines, travel companies) to advertise their offers, is expected to contribute $95 million to Travelzoo’s 2019 revenues, making up 84% of the company’s $114 million in revenues for 2019.
To that end, the company has launched a project called Asia-Pacific 2020.
Revenue from Travel to increase 3% (about $3.1 million) in the next two years, with its share of Total Revenue expected to be about 83% by 2020
Rate how well Travelzoo lives up to its initial vision.
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Travelzoo competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ogilvy | 1948 | $5.9B | 24,850 | 5 |
| TheStreet | 1996 | $62.5M | 800 | - |
| eMarketer | 1996 | $10.0M | 201 | 9 |
| Leo Burnett | 1935 | $1.9B | 9,000 | - |
| 2009 | $3.6B | 1,600 | 153 | |
| Hotel Tonight, Inc. | - | $7.7M | 350 | - |
| KAYAK | - | $292.7M | 200 | 19 |
| Wpp Us Holdings Inc | - | $15.4B | 100,000 | 523 |
| Airbnb | 2008 | $11.1B | 5,597 | 46 |
| DoorDash | 2013 | $10.7B | 6,000 | 3,272 |
Travelzoo history FAQs
Zippia gives an in-depth look into the details of Travelzoo, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Travelzoo. The employee data is based on information from people who have self-reported their past or current employments at Travelzoo. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Travelzoo. The data presented on this page does not represent the view of Travelzoo and its employees or that of Zippia.
Travelzoo may also be known as or be related to TRAVELZOO, Travelzoo, Travelzoo (Europe) Ltd. and Travelzoo Inc.