Travelzoo Creates Metaverse Division
Travelzoo (NASDAQ: TZOO) has announced the formation of its Metaverse division and the upcoming launch of Travelzoo META, a subscription-based service set to debut in April. This new offering will provide members access to exclusive Metaverse travel experiences, developed in collaboration with various creators. Travelzoo, which serves 30 million members, plans to fund this initiative through membership fees. The company's CEO, Holger Bartel, highlighted the potential of the Metaverse as a disruptive opportunity for innovative businesses. An investor conference call is scheduled for late April to discuss updates.
- Launch of Travelzoo META service expected to attract new subscribers.
- Collaborative approach with hundreds of creators may enhance experience offerings.
- Strong existing membership base of 30 million provides a solid foundation for growth in the Metaverse.
- Dependence on subscription fees for funding the new Metaverse initiative could pose risks if member interest wanes.
NEW YORK, March 14, 2022 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO), a global Internet media company that provides exclusive offers and experiences for members, announces the creation of its new Metaverse division and the plan to begin the launch of its Travelzoo META service in April. Travelzoo META is a paid subscription-based service that provides members with exclusive access to the latest and best Metaverse travel experiences.
Since January, Travelzoo has been building a team of Metaverse travel experience scouts in collaboration with a partner.
While Travelzoo will not produce Metaverse destinations and experiences itself, it will work with hundreds of creators to make experiences exclusively available to Travelzoo META members.
"We believe that Metaverse spaces and its future destinations provide completely new and different experiences that consumers want to see," said Holger Bartel, Global CEO of Travelzoo. "The Metaverse is disruptive and abundant with lucrative opportunities for innovative companies that are willing to be the first movers."
Travelzoo will continue to publish exclusive real-world travel and lifestyle deals to its 30 million members.
The build-up of the new business is expected to be funded from annual membership fees to be paid by Travelzoo META members.
Travelzoo plans to host an investor conference call at the end of April, 2022 to provide an update.
About Travelzoo
Travelzoo® provides its 30 million members with exclusive offers and one-of-a-kind experiences personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.
Travelzoo and Top 20 and are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.
Media contacts:
Gabe Saglie – New York
+1 805 453 1209
gsaglie@travelzoo.com
Cat Jordan – London
+44 77 7678 1525
cjordan@travelzoo.com
Natalia Cwierz – Berlin
+49 178 335 8784
ncwierz@travelzoo.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/travelzoo-creates-metaverse-division-301501692.html
SOURCE Travelzoo
FAQ
What is Travelzoo META and when will it launch?
How will Travelzoo fund its new Metaverse division?
What is the current membership size of Travelzoo?
What type of experiences will Travelzoo META provide?
When will Travelzoo hold an investor conference call?
