DALLAS (April 6, 2015) – DHISCO Inc., the world’s leading hospitality distribution company, today announced the appointment of travel technology industry veteran Charles Loop as chief financial officer.
Loop brings more than 20 years of experience at Sabre Corporation, a major travel distribution company, including the position of chief financial officer of Sabre Travel Network. His appointment completes DHISCO’s senior leadership team and underscores its investors’ commitment to the company.
“Charles Loop’s vast experience and knowledge of the travel distribution business will help DHISCO and its new leadership team deliver intelligent booking systems that drive our partners’ success,” said Toni Portmann, DHISCO chief executive officer, adding that Loop will be able to “hit the ground running with a focus on profitability, costs, margins and ROI.”
In addition to providing financial oversight, he will play a key role in the company’s strategic product positioning and pricing.
Loop joined Sabre in 1994 as a senior analyst, moving up to vice president of Sabre Travel Network sales and operations. In 2004, he joined Sabre’s Travelocity subsidiary as financial operations controller and led the post-acquisition financial integration of Travelocity Europe and lastminute.com. He was CFO of Travelocity in Europe from 2005 until 2006 and appointed CFO of Sabre Travel Network in 2013.
Loop earned a bachelor of science degree in mechanical engineering at Stanford University in 1990 and a master of business administration degree at the Red McCombs School of Business, University of Texas at Austin, in 1994.
About DHISCO Inc.
Since 1989, DHISCO Inc. has been providing innovative distribution technology to enable hotel bookings around the globe. As the single largest processor of electronic hotel transactions, the company delivers advanced connectivity and distribution solutions to over 100,000 hotels and 300-plus hotel chains in over 200 countries. DHISCO has built its reputation on providing efficient and affordable means to market, capture and book hotel reservations – moving over eight billion transactions a month.