Travelzoo wants place as alternative to Expedia and Priceline for hotels

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.

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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