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Travelzoo Had a Terrible First Quarter; Hopes Hotel Booking Service Will Help Improve

Excerpt from BusinessWire Release

Apr 17, 2014 8:31 am

Skift Take

Mobile & hotel booking platform may be two of the hopes for Travelzoo, but it is increasingly tough for it to compete with the big money competitors.

— Rafat Ali

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Travelzoo announced financial results for the first quarter ended March 31, 2014, with revenue of $40.2 million, a decrease of 5% year-over-year. Operating profit was $7.0 million, down 13% year-over-year. Net income was $4.6 million, with diluted earnings per share of $0.31, down from $0.36 in the prior-year period.

North America business segment revenue decreased 12% year-over-year to $26.4 million. Operating profit was $4.6 million, or 17% of revenue, down from $5.5 million, or 18% of revenue, in the prior-year period.

Travelzoo launched the first phase of its hotel booking platform at the end of March. A select group of U.S. subscribers can now book hotels any night of the year through Travelzoo.

 

via Travelzoo Reports First Quarter 2014 Results | Business Wire.

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