Travelzoo マネジメント
マネジメント 基準チェック /44
Travelzooの CEO はHolger Bartelで、 Jan2016年に任命され、 の在任期間は 10.33年です。 の年間総報酬は$ 586.55Kで、 83.7%給与と16.3%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の1.95%を直接所有しており、その価値は$ 1.90M 。経営陣と取締役会の平均在任期間はそれぞれ9.4年と4.1年です。
主要情報
Holger Bartel
最高経営責任者
US$586.6k
報酬総額
| CEO給与比率 | 83.68% |
| CEO在任期間 | 10.3yrs |
| CEOの所有権 | 1.9% |
| 経営陣の平均在職期間 | 9.4yrs |
| 取締役会の平均在任期間 | 4.1yrs |
経営陣の近況
Recent updates
ナラティブの更新 • Apr 29
TZOO: Buybacks And Mixed Street Views Will Support Future Upside Potential
Narrative Update on Travelzoo The analyst fair value estimate for Travelzoo has moved from $20.00 to $21.00. Analysts point to updated assumptions for revenue growth, profit margins, and a lower future P/E multiple following recent revisions to Street price targets around the Q4 results.Seeking Alpha • Apr 24
Travelzoo: Improved Earnings On Seasonally Cheaper CAC, But Its Economics Don't Seem Attractive
Summary Travelzoo delivered sequential improvement in operating income for 1Q26, driven by lower G&A and S&M expenses. Despite higher revenues, TZOO's margins declined YoY, and membership economics remain questionable due to high CAC and churn rates. Membership revenue growth is offset by significant marketing spend and potentially high churn, raising doubts about long-term profitability. I maintain a Hold rating on TZOO, citing inconsistent economics and elevated risks to global travel in 2026. Read the full article on Seeking Alphaナラティブの更新 • Apr 14
TZOO: Reset Forecasts And Buyback Plan Will Support Long Term Upside
Analysts now frame Travelzoo around a $20 price target, in line with the updated fair value estimate, after revising long term forecasts and valuation inputs following softer than expected Q4 results and reduced expectations for 2026 and 2027. Analyst Commentary Recent research updates on Travelzoo focus on lower price targets and revised long term expectations following softer than expected Q4 results and reduced outlooks for 2026 and 2027.
ナラティブの更新 • Mar 31
TZOO: Subscriber Momentum And Buybacks Will Support 2026 Earnings Recovery
Analysts have cut Travelzoo's blended price target, with recent moves from $21 to $20 and from $13 to $8, citing softer Q4 results and reduced expectations for 2026 and 2027. Analyst Commentary Bearish analysts have reacted to the softer Q4 results by trimming longer term expectations and resetting price targets, signalling more caution around execution and growth visibility.ナラティブの更新 • Mar 17
TZOO: Reset Expectations Will Support 2026 Upside As Buyback Program Advances
Narrative Update on Travelzoo The analyst price target for Travelzoo has been reduced from $22.25 to $20.00, as analysts factor in softer than expected Q4 results and lowered expectations for 2026 and 2027 that also affect updated profit margin and P/E assumptions. Analyst Commentary Recent Street research reflects a mixed but engaged view on Travelzoo, with price targets adjusted to align with softer than expected Q4 results and revised expectations for 2026 and 2027.ナラティブの更新 • Mar 03
TZOO: Subscriber Expansion Will Drive 2026 Earnings Despite Softer Q4 Reset
Analysts have lowered their fair value estimate for Travelzoo from $13.00 to $8.00, citing revised assumptions for revenue growth and profit margins following softer than expected Q4 results and reduced long-term forecasts reflected in recent price target cuts to $20 and $8. Analyst Commentary Bearish analysts have responded to the softer than expected Q4 results by trimming their longer term assumptions, which feeds directly into lower valuation estimates and more cautious sentiment on the stock.
ナラティブの更新 • Feb 24
Update on Q4/FY25 Results
Average cost to acquire members improved from $40 to $34, making each member acquisition immediately profitable without any additional spend. Membership costs also increased to $50/year adding additional room for profitable membership acquisition, though I would prefer TravelZoo focus revenue generation on customer spend once acquired (thereby demonstrating the value of the membership and lowering customer churn) rather than on profitable acquisition.ナラティブの更新 • Feb 16
TZOO: Subscriber Expansion Will Support 2026 Earnings Despite Reset 2025 Expectations
Analysts have trimmed their price target on Travelzoo to $23 from $26, pointing to updated 2025 estimates after the Q3 report, while still highlighting subscriber growth as a key support for the longer term outlook. Analyst Commentary Recent Street research reflects a more cautious tone on Travelzoo, with price targets adjusted to reflect updated 2025 estimates following the Q3 report.ナラティブの更新 • Feb 02
TZOO: Subscriber Momentum Will Support 2026 Upside Despite Near Term Estimate Cuts
Analysts have lowered their price target for Travelzoo from $26 to $23, citing reduced 2025 estimates after the Q3 report. They still identify subscriber growth as a key factor in their outlook for 2026.ナラティブの更新 • Jan 19
TZOO: Subscriber Expansion Will Support 2026 Upside Despite Reduced Forecasts
Analysts have trimmed their average price target on Travelzoo to about $22, down from prior targets closer to $26, as they recalibrate expectations following softer Q3 results and reduced forecasts for 2025 and 2026. Analyst Commentary Recent research updates on Travelzoo reflect a more cautious stance after softer Q3 results and reduced forecasts for 2025 and 2026, even as some analysts still see room for attractive upside if execution improves.ナラティブの更新 • Jan 04
TZOO: Subscriber Expansion Will Drive 2026 Membership Monetization Upside Despite Forecast Reset
Analysts have nudged our Travelzoo price target slightly lower to $22.25, reflecting trimmed near term 2025 and 2026 forecasts after softer Q3 results, while still acknowledging subscriber driven growth potential into 2026. Analyst Commentary Street research following the Q3 release reflects a more cautious stance on near term execution while maintaining a constructive long term view on Travelzoo's growth algorithm.ナラティブの更新 • Dec 19
TZOO Subscriber Momentum Will Drive Earnings Despite Near Term Execution Risks
We lower our price target on Travelzoo to $13 from $17, as analysts factor in softer near term growth, reduced profit margin expectations, and higher required returns, despite confidence that subscriber momentum can still support solid performance into 2026. Analyst Commentary Bearish analysts have trimmed their price targets following the latest quarterly update, citing a combination of softer than expected near term trends and more conservative long term assumptions.ナラティブの更新 • Dec 05
TZOO: Subscriber Momentum Will Drive Paid Membership Upside After Forecast Reset
Analysts have trimmed their price target on Travelzoo to approximately $22 per share from about $24 previously, citing reduced 2025 and 2026 forecasts following softer Q3 results, while maintaining confidence in subscriber driven growth over the longer term. Analyst Commentary Recent Street research reflects a recalibration of expectations for Travelzoo, with lower price targets and revised forecasts for 2025 and 2026 following softer than anticipated Q3 results.ナラティブの更新 • Nov 20
TZOO: Subscriber Growth Will Drive Recovery Despite Near-Term Forecast Cuts
Analysts have revised their price target for Travelzoo downward from $25.25 to $22.25. They cited softer-than-expected Q3 results and lowered growth projections for 2025, although expectations for 2026 remain positive.分析記事 • Nov 05
Not Many Are Piling Into Travelzoo (NASDAQ:TZOO) Stock Yet As It Plummets 25%
Travelzoo ( NASDAQ:TZOO ) shareholders that were waiting for something to happen have been dealt a blow with a 25...ナラティブの更新 • Oct 29
Increasing revenue at high costs relies on membership to convert to spend
Updating on Q3 25 results新しいナラティブ • Jul 30
Oversold on misunderstood earnings
Travelzoo's recent drop due to lower profit margins (based on higher customer acquisition costs) is fundamentally misunderstood. Travelzoo acquires a new customer for $38, and that customer pays $40 for membership, leading to an immediate net gain of $2.分析記事 • Apr 27
Is Travelzoo (NASDAQ:TZOO) Potentially Undervalued?
While Travelzoo ( NASDAQ:TZOO ) might not have the largest market cap around , it saw a double-digit share price rise...Seeking Alpha • Apr 21
Travelzoo: There Is Hope, But Wait For Technicals
Summary Travelzoo still shows promise, despite its weaker performance last Q4. Its unique and flexible business model is somewhat challenging to emulate, as many travelers rely on it. It's quite underpriced with a slight upside, as the DCF Model suggests. Technical risks are still evident, despite a potential shift in market sentiments, so a hold rating is logical today. Read the full article on Seeking Alpha分析記事 • Apr 05
Market Cool On Travelzoo's (NASDAQ:TZOO) Earnings Pushing Shares 27% Lower
Unfortunately for some shareholders, the Travelzoo ( NASDAQ:TZOO ) share price has dived 27% in the last thirty days...Seeking Alpha • Mar 13
Travelzoo: An Exciting Outlook, But Some Red Flags Remain
Summary Travelzoo has shown impressive alpha generation, surging over 43% in the past year, trouncing other travel tech and micro-cap stocks, although the pace has dipped. Revenue growth isn't currently taking place with the core advertising business declining, but a greater contribution of recurring membership fees should start leaving their presence felt shortly. TZOO's cost base is rather well controlled, and it has also improved its performance on the cash generation front, which will help fund investments in the metaverse and share buybacks. The stock's valuations based on earnings through FY26 EPS look very compelling. However, TZOO is currently in the midst of strong bearish pressure, and it doesn't also help that the CEO resorted to insider selling this month. Read the full article on Seeking AlphaCEO報酬分析
| 日付 | 総報酬 | 給与 | 会社業績 |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$4m |
| Dec 31 2025 | US$587k | US$491k | US$5m |
| Sep 30 2025 | n/a | n/a | US$8m |
| Jun 30 2025 | n/a | n/a | US$11m |
| Mar 31 2025 | n/a | n/a | US$12m |
| Dec 31 2024 | US$3m | US$476k | US$14m |
| Sep 30 2024 | n/a | n/a | US$14m |
| Jun 30 2024 | n/a | n/a | US$13m |
| Mar 31 2024 | n/a | n/a | US$12m |
| Dec 31 2023 | US$561k | US$461k | US$12m |
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | US$10m |
| Mar 31 2023 | n/a | n/a | US$8m |
| Dec 31 2022 | US$2m | US$450k | US$7m |
| Sep 30 2022 | n/a | n/a | US$902k |
| Jun 30 2022 | n/a | n/a | US$3m |
| Mar 31 2022 | n/a | n/a | US$5m |
| Dec 31 2021 | US$232k | US$232k | US$924k |
| Sep 30 2021 | n/a | n/a | US$4m |
| Jun 30 2021 | n/a | n/a | US$410k |
| Mar 31 2021 | n/a | n/a | -US$8m |
| Dec 31 2020 | US$6m | US$208k | -US$10m |
| Sep 30 2020 | n/a | n/a | -US$8m |
| Jun 30 2020 | n/a | n/a | -US$5m |
| Mar 31 2020 | n/a | n/a | US$4m |
| Dec 31 2019 | US$482k | US$232k | US$12m |
報酬と市場: Holgerの 総報酬 ($USD 586.55K ) は、 US市場 ($USD 630.36K ) の同様の規模の企業の平均とほぼ同じです。
報酬と収益: Holgerの報酬は、過去 1 年間の会社の業績と一致しています。
CEO
Holger Bartel (58 yo)
10.3yrs
在職期間
US$586,550
報酬
Mr. Holger Bartel, Ph.D. has been Global Chief Executive Officer of Travelzoo Inc. since January 1, 2016 and served as its Director from June 1, 2023 to April 20, 2026. Mr. Bartel served as the Chairman of...
リーダーシップ・チーム
| 名称 | ポジション | 在職期間 | 報酬 | 所有権 |
|---|---|---|---|---|
| Chairman | 7yrs | US$461.63k | 0.40% $ 394.0k | |
| Global Chief Executive Officer | 10.3yrs | US$586.55k | 1.95% $ 1.9m | |
| Finance Director & Chief Accounting Officer | 3.2yrs | US$147.33k | データなし | |
| Founder | 28yrs | データなし | 35.63% $ 34.8m | |
| Controller | no data | データなし | データなし | |
| General Manager of Germany | 9.4yrs | US$393.15k | データなし | |
| Global Director of META | no data | データなし | データなし |
9.4yrs
平均在職期間
54yo
平均年齢
経験豊富な経営陣: TZOOの経営陣は経験豊富で経験豊富です（平均在職期間は9.4年）。
取締役
| 名称 | ポジション | 在職期間 | 報酬 | 所有権 |
|---|---|---|---|---|
| Chairman | 7yrs | US$461.63k | 0.40% $ 394.0k | |
| Founder | no data | データなし | 35.63% $ 34.8m | |
| Independent Director | 4.1yrs | US$122.27k | データなし | |
| Independent Director | less than a year | US$44.09k | データなし | |
| Independent Director | 4.1yrs | US$88.45k | データなし |
4.1yrs
平均在職期間
43yo
平均年齢
経験豊富なボード: TZOOの 取締役会 は 経験豊富 であると考えられます ( 4.1年の平均在任期間)。
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/05/22 12:34 |
| 終値 | 2026/05/22 00:00 |
| 収益 | 2026/03/31 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
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| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
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* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Travelzoo 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10
| アナリスト | 機関 |
|---|---|
| null null | Argus Research Company |
| Edward Woo | Ascendiant Capital Markets LLC |
| Patrick Sholl | Barrington Research Associates, Inc. |