Only U.S. Listed Company with an 80% Female Board Shows a 54% Increase in Average Share Price

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Mar 08, 2019, 14:15 ET

NEW YORK, March 8, 2019 /PRNewswire/ -- This International Women's Day, Travelzoo® (NASDAQ: TZOO), a global publisher of exclusive offers and experiences for members, would like to remind the public that Travelzoo still remains the only U.S. listed company with an 80% female board of directors. One thing that has changed is Travelzoo's share price. Under the stewardship of its almost all-female board, the share price has increased by 54%, as measured by the average closing share price over the 30 days preceding the appointment of its 80% female board, versus the average closing share price over the last 30 days.

The lack of board gender diversity remains a persistent and global problem. Only 5 of more than 4,000 U.S. listed companies have 60% or more female board members. In Hong Kong, several reports state that only 11% of Hang Seng-listed companies have women on their boards. In the UK, only 27% of FTSE 100 directors are women.

Underscoring the cultural diversity of the company's board, female Travelzoo board members hail from San Francisco (Beatrice Tarka), New York (Rachel Barnett), London (Mary Reilly) and Shanghai (Carrie Liu).

In November 2017, Travelzoo won gold in the Stevie® Awards, winning the 'Event of the Year' category for its groundbreaking panel discussion featuring Tina Brown C.B.E., founder and CEO of the Women in the World Media and creator of the Women in the World Summit, and highlighting its new 80% female board.

Tina Brown commented: "In order for women to take their rightful place in the C-suite, they need a seat at the table—the boardroom table to be exact. I salute Travelzoo for not only recognizing the invaluable contributions women can make by appointing them to its board, but doing so with such whole-hearted, ground-breaking enthusiasm."

Ralph Bartel, Travelzoo's Chairman of the Board, sees the positive influence of more women in leadership positions: "I have been fortunate working with an 80% female board over the last 22 months, as our meetings were always characterized by high efficiency, creativity and smooth communication."

About Travelzoo

Travelzoo® provides our 28 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. With 25 offices worldwide, we have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 15 years, we have worked in partnership with more than 2,000 top travel suppliers—our long-standing relationships give Travelzoo members access to the very best deals.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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SOURCE Travelzoo