Travelzoo promotes Singer having ridden out ‘exuberant’ daily deals bubble

Travelzoo has promoted Richard Singer to managing director Europe after joining the company seven months ago from Telegraph Media.

Singer’s new role sees him assume strategic and financial responsibility for all of Travelzoo’s operations in Europe.

The UK and Germany are his prime markets, with a total of 4.5 million Travelzoo subscribers and the majority of the company’s revenues.

He also oversees key operations in Spain and France where Travelzoo has a combined 1.6 million subscribers and sources much of its inbound content.

Travelzoo chief executive officer Chris Loughlin said: “Richard is a dynamic, respected industry leader with a strong track record for building highly effective Internet media organisations.

“He has already had a very positive impact on the business and we look forward to working with him as he spearheads our European business.”

Stephen Dunk will serve as European operations director and take the global lead for developing and deploying Travelzoo’s selling systems.

Loughlin added that Travelzoo has weathered the daily deals bubble and is now poised to invest heavily as competitors weaken.

“We have never been more confident in our strategy,” said Loughlin who added the UK and German travel markets will continue to remain key.

“Over the past two years we saw many new entrants spend huge amounts, only to burn through partners and audience relationships.

“We took a different approach, we stayed profitable, stuck to our quality-leadership position, grew our partner base and did not bombard our audience with a deal a day.

“Now that the irrational exuberence of the daily deals industry has come to an end, we are ready to put our foot down on the accelerator and build our audience at the fastest pace in three years.”

Travelzoo operates a global network of 25 offices, staffed with local deal experts, mostly former journalists.

The firm has also recruited Fredrik Ahlin from Hotel Chocolat as its new creative director. Ahlin reports to Chris Loughlin, and has a global remit.

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