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Travelzoo closes failing Asia Pacific business after it loses $7.5 million in 2019

03/13/2020| 12:42:28 PM| 中文

With Asia Pacific accounting for 5.7% of its global revenue, Travelzoo anticipates that the move will not have any negative impact on its business.

After years of losing money in Asia Pacific, Travelzoo has announced it will exit its business in the region this week.

Operating profit reached $17 million in the core business of North America and Europe in 2019, but an operating loss of $7.5 million in Asia Pacific dropped Travelzoo’s global operating profit down to $9.5 million.

It was a similar case in 2018 when operating profit reached $14.6 million in North America and Europe but there was a $6.3 million operating loss in Asia Pacific.

Travelzoo reacquired its Asia Pacific operations in 2015 but has failed to achieve profitability in the region.

With Asia Pacific accounting for 5.7% of its global revenue, Travelzoo anticipates that the move will not have any negative impact on its business.

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TAGS: Travelzoo | Asia Pacific
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