Media & Telecom
Travelzoo Executive Compensation (FY25)
TZOO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Holger Bartel | Latest say-on-pay support = April 20, 2026 |
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The Travelzoo brief, $500
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From $500 for the board report; $900 for both.
Data as of November 4, 2026Latest filing (8-K): April 20, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Intel, one year, every company
90 figures on this page: 81 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Holger Bartel: $3,014,050 → $586,550 (80.5% lower)
Say-on-pay support: 94.1% → 97.3% (3.2 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Travelzoo's chief executive and what were they paid?
Holger Bartel was paid $586,550 in total compensation as Global Chief Executive Officer and Head of Strategy for fiscal 2025. Compared with the $3,014,050 reported for fiscal 2024, Bartel's total was 80.5% lower.
What was Travelzoo's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.3% of votes cast for or against in favor at the meeting held April 20, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Holger Bartel Global Chief Executive Officer Head of Strategy | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Christina Ciocca General Counsel and Head of Global Functions | ◇ | — | — | — | — | — | ◇ | ◇ |
Wayne Lee Former Chief Financial Officer | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Christina Ciocca General Counsel and Head of Global Functions | ◇ | — | — | ◇ | — | — | ◇ | ◇ |
Holger Bartel Global Chief Executive Officer and Head of Strategy | ◇ | ◇ | — | — | — | — | — | ◇ |
Wayne Lee Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Holger Bartel Global Chief Executive Officer Head of Strategy | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Christina Ciocca General Counsel and Head of Global Functions | ◇ | — | — | — | — | — | ◇ | ◇ |
Lijun Qi Chief Accounting Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Holger Bartel Global Chief Executive Officer and Head of Strategy | ◇ | ◇ | — | — | — | — | — | ◇ |
Christina Sindoni Ciocca Chief Membership Officer and General Counsel, and CEO of Jack's Flight Club | ◇ | — | — | — | — | — | ◇ | ◇ |
Lijun Qi Chief Accounting Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Christina Sindoni Ciocca | Option | ◇ | — | ◇ | March 8, 2028 |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Michael Karg | ◇ | — | — | — | — | — | ◇ |
Volodymyr Cherevko | ◇ | — | — | — | — | — | ◇ |
Carrie Liqun Liu | ◇ | — | — | — | — | — | ◇ |
Sharry Sun | ◇ | — | — | — | — | — | ◇ |
Christina Sindoni Ciocca and Holger Bartel served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
| Board meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 20, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 4, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 26, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 1, 2023 | = | ◇ | ◇ | ◇ |
| 2019 | May 29, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 14, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 15, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 22, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 6, 2016 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Holger Bartel (Global Chief Executive Officer and Head of Strategy), FY2025 total compensation $586,550 (base salary $490,800) [exec_comp, SEC accession 0001140361-26-009029, filed 2026-03-11]What this page does not include
Everything above is a fact Travelzoo disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
90 figures on this page: 81 cited to the filing that reported them, 9 calculated from figures it prints.
81 cited to the filing
9 calculated from the filing
Documents cited
- 0001133311-26-000007
- 0001140361-26-009029Director Compensation · Summary Compensation Table · THE ELECTION OF THE FIVE DIRECTOR NOMINEES NAMED ABOVE.
- 0001628280-25-029275
- 0001140361-25-014880
- 0001133311-24-000015
- 0001140361-24-016355
- 0001133311-23-000020
- 0001133311-20-000030
- 0001133311-19-000022
- 0001133311-18-000020
- 0001133311-17-000028
- 0001133311-16-000073
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Travelzoo executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TZOO (accessed 2026).
Short form: data: Velarion
The Travelzoo brief, $500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}