Here’s Why ZoomAway Travel Aims To More Than Triple Its Revenue In 2017
ZoomAway Travel Inc. (TSXV:ZMA – $0.19 CAD & OTC: ZMWYF – $0.17 USD & Frankfurt:4ZO – €0.13) provides hotels, golf and ski resorts, and other activity providers with a seamless, scalable and fully Integrated Technology Platform that allows customers to book discounted packaging of lodging, ski, golf, attractions, events, entertainment and transportation.
ZoomAway’s suite of technology components seamlessly integrates into a client’s website, providing their customers with a real time one stop shop for all of their travel and recreation needs, all while maintaining the clients branding and brand position. Be it a room and a tee-time or lift tickets, spa treatments and a weekend getaway for one, ten, or one hundred people, ZoomAway puts it all together.
Several well-known hotels and attractions have already recognized the enormous opportunity of ZoomAway’s platform. Some of the Company’s clients include: Palms Casino Resort Las Vegas, Half Moon Bay Golf Links, Vail Resorts, Course Co., Atlantis Casino Resort Reno, and Edgewood Tahoe.
While still it its early stages, more than $2 million in gross revenue has been generated since the launch of the Company’s software platform. Revenue growth will come from adding new hotels and service providers to its existing system and by expanding into new territories. ZoomAway has set a sales target of $7.5 million for 2017, the first full year of operations.
Right now the Company has about 50 clients. By the end of 2017, it aims to have over 150 active clients.
ZoomAway’s unique solution provides the most advanced combination of Technology and Service available. Moreover, the Company’s scalable call center supports the technology platform with market knowledgeable staff delivering friendly personal service.
The Company is financially sound as it recently raised over $2.35 million. This immediately demonstrates its ability to raise funds when required.
The travel market is a gigantic one. In 2015, an estimated $947 billion was spent on travel in the United States alone. Knowing that there are more than 17,000 golf courses in the United States and over 700 ski hills, which are surrounded with tens of thousands of hotels, it’s clear that there are vast expansion opportunities for ZoomAway.
The Company has been active for a couple of years, but only became public two months ago, making it an ideal time for investors to get in at the ground level.
Based on our outlook and calculations, we initiate coverage of ZoomAway with a buy recommendation and a price target of $0.50, which is 163% above today’s stock price.
|Download the third quarter 2016 ZoomAway Travel Company Report.|
|Smallcaps.us Advice: Buy||Price Target: $0.50||Latest Company Report (pdf)|
|For important disclosures, please read our disclaimer.|