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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
After its brief reign as a hot stock as it got into the daily deals business, Travelzoo has stalled and now it is rethinking the whole thing with the possibility of merging or gutting its Fly.com and SuperSearch products.
In response to declining revenue and profit from its Search products, Travelzoo has initiated a performance review, which may result in the merger of SuperSearch and Fly.com, or discontinuing or replacing one or both of them.
Glen Ceremony, chief financial officer, said: ‘Challenges in traffic acquisition from search engines and poor monetisation on mobile devices have led to continued declines in Search revenue.