These Two Factors Can Trigger Changes In Travelzoo's Price Estimates

We currently estimate Travelzoo's total subscriber base to gradually grow by an average of 5%-6%, reaching 43 million by the end of our forecast period. However, there is a possibility that, due to the prolonged lack of traction of the hotel booking platform, the company's subscriber base will decline significantly in the next few years. If Travelzoo's user base declined to 24 million by the end of our forecast period, there will be a 20% decline in our valuation for the company.