Investors Show Little Patience for Travelzoo's Asia-Pacific Investments
Skift Take
There's nothing wrong with a company investing and pivoting, as Travelzoo is doing yet again. There is something wrong when a company controlled by a founder doesn't reboot with new leadership.
Travelzoo is in investment mode in Asia Pacific, where it is piling up losses, and is executing yet another in a long series of pivots, this time into vacation packages.
In releasing its third quarter earnings Wednesday, Travelzoo vowed to be profitable in Asia Pacific in two years, and announced that an experienced executive will lead a project, dubbed internally as Asia Pacific 2020, alongside three staff from Europe and North America, to turn things around.
"We understand that the continued losses are not acceptable neither for investors, a
