Hotel search is the star performer in Travelzoo‘s latest financials, growing at a triple-digit rate year-on-year although standalone hotel volumes and revenues are not disclosed.
Its date-specific hotel search tool is highlighted as one of its three strategic priorities, the other two being its default options of product enhancement and member growth.
The hotel booking platform is now live in the US, Canada and the UK.
In the Q&A on the earnings call, CEO Holger Bartel insisted that the big hotel chains’ drive towards direct bookings was not a concern. He suggested that not only were some hotels looking at Travelzoo as an alternative third party option to the Expedia and Priceline duopoly but also that the platform sent users direct to the hotel site to make the bookings.
Elsewhere Travelzoo saw a modest increase in unduplicated members from 28 million at the end of the first quarter last year to 28.7 million this time – 3.5 million in APAC (up 2%), 8.1 million in Europe (up 8%) and 17.3 million in North America (up 1%).
Financially, it managed to beat market expectations with a 181% increase in net income to $2 million, despite a 9% drop in revenue to $34.8 million in constant currencies.