Vacations Rank No. 1 for Tax Refund Spending

This Year's Average Tax Refund Buys a One-Week Vacation in Europe

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Apr 14, 2015, 11:18 ET

NEW YORK, April 14, 2015 /PRNewswire/ -- As Americans file taxes this week, a new survey conducted by Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company, reveals that one-third of Americans plan to spend this year's tax refund on a vacation.

33% plan to spend their refund on a vacation
32% plan to put their refund into savings
31% plan to pay off debt
2% plan to purchase a home
1% plan to go on a clothing shopping spree
1% plan to spend it on gifts for their children

"Despite the sting of paying taxes, we can at least thank Uncle Sam for sending rebate checks during a great time to find travel deals," said Gabe Saglie, senior editor for Travelzoo. "Between the end of tax season and the beginning of summer, we see enormous discounts available. In fact due to the strong dollar, this year's average tax refund is enough for a weeklong trip to Asia or Europe."

Savvy travelers who receive the average refund of $2,815 (according to an April 1 IRS report) can afford a luxury vacation to bucket-list destinations this year including:

$999 & up -- Ireland: Upscale Castle Stay w/Tours, Car & Air
$1499 -- Vietnam 10-Night Escorted Vacation w/Air, $1845 Off
$1799 -- Greek Islands 8-Night Vacation w/Air, $1000 Off

For Americans looking to spread their refund dollars between a vacation and their savings accounts, domestic getaways are great for smaller budgets:

$99 -- Florida: St. Augustine 4-Diamond Resort, 50% Off
$149 -- NYC: Top-Rated Hotel near SoHo w/Drinks, 50% Off
$199 -- Monterey: Romantic Oceanfront Escape, Reg. $286

To find your tax refund vacation, visit www.travelzoo.com/tax.

About Travelzoo

Travelzoo Inc. is a global Internet media company. With more than 27 million members in North America, Europe, and Asia Pacific and 25 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel, entertainment and local companies. Travelzoo Deal Experts review offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.

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. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Media Contact:

Christie McConnell
Travelzoo, North America
(212) 484-4912
[email protected]

Photo - http://photos.prnewswire.com/prnh/20150414/198495-INFO

SOURCE Travelzoo