TRAVELZOO — Director's Dealing 2008

Nov 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRAVELZOO INC (TZOO)
CIK: 0001133311
Period of Report: 2008-11-12

Reporting Person: BARTEL RALPH (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-12	Common Stock	P	35970	$4.47	Acquired	8359660	Indirect

Footnotes

F1: Represents a purchase of 36,333 shares of Travelzoo Inc. common stock by Azzurro Capital Inc. in which the Reporting Person,
through a trust, indirectly holds 99% of Azzurro Capital Inc. and Holger Bartel, the brother of Ralph Bartel, indirectly
holds the remaining 1% of Azzurro Capital Inc. through HBT Corporation LLC.

F2: The Reporting Person disclaims beneficial ownership of securities in excess of his 99% holdings in Azzurro Capital Inc.