ZoomAway Travel Growing Fast
ZoomAway Travel Inc. (TSXV: ZMA – $0.14 CAD & OTC: ZMWYF – $0.11 USD & Frankfurt: 4ZO – €0.09) is constantly adding new clients in key geographical locations, such as Las Vegas, Northern California’s Coastal regions, and in the Pacific Northwest.
In the past few months the Company has added its “White Label” technology reservation solution at the Eldorado Resort Casino, the Silver Legacy Resort Casino, and the Circus Circus Hotel Casino in Reno, Nevada. All three properties are owned by NASDAQ listed Eldorado Resorts.
In October 2016, the Company announced that its White Label technology booking solution was launched at the Poppy Hills golf course in Pebble Beach, California.
More recently, ZoomAway partnered with CourseCo, a leading golf course management firm, to provide White Label booking solutions at 6 of its 28 golf facilities under management. Similarly, the White Label Stay & Play booking tool will be used at the prestigious Barracuda Championship, an official PGA Tour event.
Moreover, ZoomAway has added one of the world’s largest ski corporations, and new activities to package and bundle including water parks, raceways, food tours, entertainment venues and a music festival.
All in all, the Company has more than doubled its client base and digital footprint since October 2016. The substantial increase in the number of embedded booking tools, has more than quadrupled online traffic to ZoomAway’s points of sale.
The U.S. travel and tourism industry is growing steadily, catalyzed by the U.S. economy’s continued recovery as well as declining fuel prices. According to the U.S. Travel & Tourism Overview, $947 billion was spent on travel and related activities in 2015 in the United States.
With ZoomAway’s proprietary software platform, travels can easily book activities ranging from golf, ski lift tickets, spa appointments, concert tickets, tours, charters and various modes of transportation to hotel room bookings.
Right now, ZoomAway has close to 50 clients and with its aggressive business strategy, the Company aims to have over 150 active clients by the end of 2017.
ZoomAway has set a sales target of $7.5 million for 2017, the first full year of operations. In addition, the Company aims to achieve gross profit margins between 17% and 24%, well above the travel industry’s average. Buy recommendation.
|Smallcaps.us Advice: Buy||Price Target: $0.50||Latest Company Report (pdf)|
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