Travelzoo Asia Pacific reports that subscribers to its Top 20 deals newsletter in Asia Pacific grew 50% over last year to more than 3 million.
You may recall that Travelzoo — as distinct from Travelzoo Asia Pacific — is a publicly traded company controlled by founder Ralph Bartel.
And, Travelzoo in 2009 sold its Asia Pacific businesses to Azzurro Capital, which is owned by Bartel.
The transaction enabled Travelzoo to get the losses stemming from Asia Pacific growing pains off its books. And Travelzoo, which has a licensing and hosting agreement with Travelzoo Asia Pacific, has the option to buy the assests of the businesses in Australia, China, Hong Kong, Japan and Taiwan in June any year in the 2011 to 2020 period.
So now Travelzoo Asia Pacific is growing, althoughbottom line figures are being held close to Bartel’s vest.
“With more than 3 million loyal subscribers, Travelzoo [my italics] has established one of the most trusted and distributed travel and entertainment deal publications in Asia Pacific,” says Jason Yap, the CEO of Travelzoo Asia Pacific.
Read the full story at:http://www.tnooz.com/2011/03/18/news/the-other-travelzoo-sees-dramatic-growth-in-asia-pacific/
