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Company type | Public |
---|---|
Nasdaq: TZOO Russell 2000 Index component | |
Industry | Internet media |
Founded | 1998 |
Headquarters | New York City |
Area served | United States, Canada, Australia, China, Hong Kong, Japan, Singapore, United Kingdom |
Revenue | $106.5 million (2017) [1] |
Number of employees | 422 (2018) [2] |
Website | travelzoo |
Travelzoo Inc. is an Internet company that publishes deals from more than 2,000 travel, entertainment and local businesses such as restaurants and spas. It has 28 million members in North America, Europe, and Asia Pacific and 25 offices worldwide. [3] [4]
Companies pay to advertise their deals with Travelzoo, but only those approved by Travelzoo are listed.
In October 1998, Travelzoo founder Ralph Bartel, a former print and television journalist, launched Travelzoo.com with an initial investment of $10,000. In September 2000, Travelzoo published its first Top 20 and e-mailed one million U.S. members. In December 2003, Travelzoo became publicly traded on the NASDAQ SmallCap Market under the ticker symbol "TZOO".
In April 2004, Travelzoo announced that the company's publications had reached over 7 million members, a 75% increase over the 4 million members Travelzoo counted in April 2003. [5]
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. [6]
Travelzoo acquired Travelzoo Asia Pacific in 2015 to take advantage of the region's increased travel growth. [7]
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. [8]
In September 2024, Litchfield Hills Research initiated coverage on shares of Travelzoo (NASDAQ:TZOO) with a Buy rating and set a price target of $35.00. [9]
LookSmart is an American search advertising, content management, online media, and technology company. It provides search, machine learning and chatbot technologies as well as pay-per-click and contextual advertising services.
Forbes is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include Fortune and Bloomberg Businessweek.
Travelocity.com is an online travel agency owned by the American Expedia Group. It has 12.4 million monthly unique visitors, making it the third most popular website owned by Expedia Group, after Expedia.com and Hotels.com.
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Sabre Corporation, a travel technology company headquartered in Southlake, Texas, is the largest global distribution systems (GDS) provider for air bookings. The company's primary product, the Sabre Global Distribution System, and others like it, act as neutral intermediaries, connecting travel suppliers like airlines and hotels with travel sellers like agencies. They offer real-time availability and pricing, making them important for corporate travel management.
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Clearwire Corporation was a telecommunications operator which provided mobile and fixed wireless broadband communications services to retail and wholesale customers in the United States, Belgium, Ireland and Spain. Clearwire traces its roots to 1998, when Sierra Technologies, Inc., spun off certain assets to form a new company, Clearwire Technologies Inc. In October 2003, Craig McCaw purchased Clearwire Technologies, Inc. parent company Clearwire Holdings and moved the company headquarters to Kirkland, Washington. In 2012, Clearwire moved the company headquarters to Bellevue, Washington.
Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. It was started by Wayne Luthringshausen and carried on by Michael Cahill. Its instruments include options, financial and commodity futures, security futures, and securities lending transactions.
Jo-Ann Stores, LLC, more commonly known as Jo-Ann, is an American fabric and crafts retail company based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc.
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Kaleil Isaza Tuzman is a former entrepreneur associated with digital media, who spent more than 20 years in that industry before being convicted of multiple counts of fraud in 2017. Tuzman started his career at Goldman Sachs, was co-founder of GovWorks.com, served as President of JumpTV, and then as chief executive officer and chairman of KIT Digital, Inc. On September 7, 2015, he was arrested in Colombia and held in a Bogotá prison until being extradited to the United States to face charges of fraud and market manipulation in connection with the defrauding of investors in KIT Digital and two investment funds. He was convicted on all counts in December 2017.
Qurate Retail, Inc., also known as Qurate Retail Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
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