Hotwire Bounces Back

Hotwire announced that its sales and daily transactions have returned to levels equal with the weeks prior to September 11.

In addition, nearly one million new users registered with Hotwire since September 11, demonstrating the company`s continued growth despite turbulent times. Hotwire`s registered user base now stands at more than five million customers.

“More than ever, leisure travellers are looking to save money, and our supplier partners are looking to fill empty seats, hotel rooms and cars,” said Karl Peterson, Hotwire president and CEO. “Our traffic and sales growth shows that in these uncertain economic times, both travelers and suppliers are turning to Hotwire for help.”

Hotwire launched on October 24, 2000. In the past year, Hotwire has partnered with 33 top domestic and international airlines, close to 2000 hotels and three major car rental companies to help them sell excess inventory through specially negotiated Hotwire Hot-Fares and Hot-Rates. 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 prices—and even airline Web sales. Hotwire only partners with quality, major airlines, and never asks customers to bid for a price.

In addition to accelerated sales growth, Hotwire also recently announced the addition of Timothy Dunn to the company`s management team as chief financial officer. Dunn brings extensive financial management experience, most recently serving as senior vice president of finance at Gap, Inc., and having spent 13 years in leadership positions at Pepsico, Inc.