New CFO To Speed Hotwire Growth.

Discount travel site Hotwire has added Timothy Dunn to the company`s management team as chief financial officer. The appointment comes as Hotwire marks its first year of operation with five million registered users and aggressive sales recovery after September 11.
Discount travel site Hotwire has added Timothy Dunn to the company`s management team as chief financial officer. The appointment comes as Hotwire marks its first year of operation with five million registered users and aggressive sales recovery after September 11.


As chief financial officer, Dunn and the Hotwire management team are working to ensure Hotwire continues its rapid growth and follows an accelerated path to profitability.


Dunn comes to Hotwire with more than 21 years of extensive financial management experience from both Gap, Inc. and PepsiCo, Inc. At Gap, Inc., Dunn served as senior vice president of finance. There, he was responsible for the finance and real estate areas on global GAP with more than seven billion dollars in sales and 2300 global stores. Prior to Gap, Inc., Dunn spent 13 years at PepsiCo, Inc. in a variety of both international and domestic financial leadership roles.


Hotwire, launched one year ago this week, is one of the fastest-growing online travel Web sites. According to Nielsen//NetRatings, Hotwire posted the highest post-September 11 traffic jump of any independent online travel site. Hotwire traffic the week ending September 30 was 11% higher than pre-September 11 levels. In addition, Hotwire airline ticket sales are currently 80-90% of pre-September 11 levels, and hotel and car rental transactions are exceeding pre-September 11 sales. Hotwire sells only exclusive Hot-Fares and Hot-Rates - specially negotiated discount prices aimed at the flexible leisure traveler. By asking customers to be flexible on certain details like exact time or airline, Hotwire can save customers a significant amount of money off published fares, rates—and even airline Web sales. Hotwire only partners with quality, major airlines, and never asks customers to bid for a price.

Click here for more information:
www.hotwire.com

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