SOURCE: The Bedford Report

The Bedford Report

September 13, 2011 08:16 ET

OpenTable and Travelzoo Zone in on Cash Conscious Customers

The Bedford Report Provides Equity Research on OpenTable & Travelzoo

NEW YORK, NY--(Marketwire - Sep 13, 2011) - With consumer confidence at dangerously low levels, American spenders have become more cash conscious, and are looking for the best possible deals. Online Booking agencies have fared well in recent quarters as these companies are able to provide significant savings to customers. The Bedford Report examines the outlook for companies in the Online Services industry and provides investment research on OpenTable, Inc. (NASDAQ: OPEN) and Travelzoo, Inc. (NASDAQ: TZOO). Access to the full company reports can be found at:

With North American inroads secure, Online Travel Agencies have made a push into emerging markets, and in particular China. Travelzoo has begun altering its brand identity in China. Travelzoo Asia Pacific, a licensee of the Travelzoo brand, will use the name Travelzoo Lv You Zu on its Chinese site. "The enhanced visual identity is designed to target an emerging culture of individuals in China who are passionate about travelling, and who are savvy with their lifestyle choices," the company says.

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Big names have begun entering into the online deal space. Earlier this month Google bought the restaurant-reviews company Zagat Survey LLC. Google is trying to make money by getting local businesses to spend money on Web ads or offer special discounts to Google's users via Google Offers, among other things. According to The Wall Street Journal Zagat's information also could be useful to Google's planned online travel-search service.

Shares of OpenTable took a sizeable hit following Google's announcement. OpenTable provides restaurant reservation solutions in the United States, Canada, Mexico, Europe, and Asia. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. OpenTable reported net income of $6.3 million, or 26 cents per share, on $34.3 million in revenue for the three months ended June 30. That compares with net income of $2.6 million, or 11 cents per share, on $22.5 million in same period a year earlier.

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