Christopher Loughlin, executive vice president, Europe, Travelzoo will become the company’s chief executive officer, effective July 1, 2010, while CEO Holger Bartel will become chairman of the board of directors.

Published: 25 Nov 2009

Christopher Loughlin, executive vice president, Europe, Travelzoo will become the company’s chief executive officer, effective July 1, 2010, while CEO Holger Bartel will become chairman of the board of directors.

Chairman and Travelzoo founder Ralph Bartel, who has served as the chairman of the board of directors for more than 11 years, will continue to serve as one of the five members of Travelzoo’s board of directors.

Loughlin joined Travelzoo in 2001 as vice president of business development based in the company’s Silicon Valley office in Mountain View, California. In 2003, he moved to Chicago to expand Travelzoo’s operations in North America. Loughlin moved to London in 2005 to take up the post of executive vice president, Europe, where he launched Travelzoo in the UK and subsequently in Germany, France and Spain.

He has led Travelzoo’s business in Europe to year-over-year growth rates of 100% or more in each of the four most recent quarters.

Last month, Travelzoo had shared its financial results for the third quarter ended September 30. It posted revenue of $23.6 million, an increase of 27% year-over-year. Operating profit from continuing operations was $2.3 million. Income from continuing operations was $1.3 million.

Travelzoo had a total unduplicated number of newsletter subscribers in North America and Europe of 16.3 million as of September 30, 2009, up three million from September 30, 2008.