Travelzoo closes failing Asia Pacific business after it loses $7.5 million in 2019
03/13/2020|12:42:28 PM|PhocusWire

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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