News

Metaverse Vacations are Latest Use of this Technology

Tech
3 min read


Image: Genoa Roofs, Shocking Wonder (Flickr)


Publisher Embraces Technology that Allows Travel Experiences Regardless of Global Restrictions

 

Vacation travelers have been kept home the past few years, and from the looks of things, if a world tour was on their bucket list, they are likely to remain frustrated. However, technology has an answer to this frustration, and a 22-year-old company has worked with its partner to develop a solution. The company is a subscription-based travel company that sees the opportunity to embrace technology, as they did with the internet back when founded – and in a way that allows them to broaden customer base and serve current users better.

Travelzoo (TZOO) is a US based company that has published “real-world” travel and entertainment packages since 1998. Since then, management has successfully grown and navigated through a changing world. The most recent addition to their travel deals is metaverse based, this puts them at the forefront of metaverse-travel access.

The announcement by the company yesterday (March 14) that they have created a metaverse division and plan to launch Travelzoo META in a few weeks adds an entirely new and exciting dimension to its business. Travelzoo
META
is a paid subscription-based service that provides members with exclusive access to metaverse travel and unique metaverse vacation experiences.

 

 

About the Meta Division

Travelzoo has been building a team of Metaverse travel experience scouts in collaboration with a business partner. Similar to its other travel services, TZOO doesn’t plan to produce or organize the experiences, they will be the conduit that allows subscribers access to unique travel experiences.

“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.”

The build-out of the new business is expected to be funded from annual membership fees to be paid by Travelzoo META members.

About Travelzoo

Travelzoo boasts 30 million members throughout Asia Pacific, Europe, and North America, as well as millions of website users. It has provided for decades what it considers the best travel, entertainment, and local deals available from various companies that advertise through Travelzoo’s service. Most of the company’s revenue is derived from North America.

One of the four research analysts that publishes reports on TZOO is Mike
Kupinski,
Director of Research – Senior Research Analyst, Media & Entertainment at Noble Capital Markets. Mr. Kupinski’s most
recent report
on Travelzoo was published on March 4, 2022. The report titled Why
Investors Should Not Look In The Rearview Mirror
 includes a price target and earnings numbers, along with the analyst’s current rating.

The new META division is in addition to the ongoing real-world travel and entertainment deals the company publishes. 

Travelzoo plans to host an investor conference call at the end of April to provide an update.

Take-Away

As new technology becomes available, successful companies pivot, adapt, and find creative ways to recognize where they can add more value. While businesses are looking for ways to enhance their own businesses with new technology, the late April conference call planned by Travelzoo is on my to-do list. 

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Why the Metaverse Matters



What Does this Blockchain Crypto-Asset Stuff Have to do With the Metaverse?





Why Web3 is a True Collaboration Between Young and Old



Workcations Add a New class of Traveller (Aug 2020)

 

Sources

https://www.prnewswire.com/news-releases/travelzoo-creates-metaverse-division-301501692.html

https://channelchek.vercel.app/companies/TZOO/research-report/3364

 

Stay up to date. Follow us:

 

Comments

0
No comments yet...
Share

Inbox Intel from Channelchek.

Informed investors make more money. And it’s all about timing. Get it when it happens.

By clicking submit you are agreeing to the Terms of Use and Privacy Policy
© 2018-2022 Noble Financial Group, Inc. All Rights Reserved. Channelchek is provided at no cost to be used for information purposes only and not as investment advisement.