October 25, 2007: Travelzoo, a global Internet media company, today announced new business initiatives in China, Australia, and Taiwan. Travelzoo’s Shanghai office opened on October 8. On November 15, Travelzoo will open an office in Sydney followed by Taipei on December 1.
“We are continuing to aggressively implement our strategy of turning Travelzoo into a global media brand,” said Ralph Bartel, chairman and chief executive officer, Travelzoo. “While we expect these initiatives to have a material negative impact on our earnings in 2007 and 2008, due to significant expenses related to subscriber marketing campaigns in new markets and operating losses during the start-up phase, we believe that it is an attractive strategy for Travelzoo in the long-term.”
In March, Travelzoo opened an office in France, followed by Hong Kong in April and Japan in September.
