Travel-related company Travelzoo (TZOO) reported impressive second-quarter earnings last month, with revenue growth across its North America and Europe segments. But can the stock continue to gain despite fears regarding the spread of the COVID-19 Delta variant? Read on.Media commerce company Travelzoo’s (TZOO) publications and products include its Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service. In addition, it has partnerships with more than 5,000 top travel suppliers and provides attractive deals to more than 30 million members. The stock has lost 20.1% in price over the past three months due primarily to investors’ fears about the spread of the COVID-19 Delta variant. TZOO is based in New York City.
The stock has gained 6.4% over the past month and 50.2% year-to-date to close yesterday’s trading session at $14.18.The increase in vaccination rate and pent-up demand for leisure travel in some parts of the world, including North America, primarily, drove the stock higher.
TZOO received the highest rating from consumers last month in the category of online travel deals in a national survey in Germany. In addition, the company continues to attract smart money attention. So, TZOO’s near-term prospects look promising.