Groople has appointed Michael Stacy to the post of chief executive officer. Groople founder David Loy will retain his role as president, working alongside Stacy on day-to-day operations as they spearhead the company's next phase of growth in the online group travel market.

Stacy is a veteran of the online travel market. He most recently was president of Cendant's Cheap Tickets, where he led the site to profitability for the first time, making it the fastest growing online travel site in 2004.

Also at Cendant, Stacy served as senior vice president of marketing and product development for the company's retail travel services group. He led the integration of Cheap Tickets into the Orbitz organization following Cendant's acquisition of Orbitz. Stacy also spent five years at then-startup Travelocity, including four years as senior vice president of consumer marketing.

"Mike Stacy's broad experience and proven successes in the online travel industry make him an invaluable asset in leading Groople into our next stage of development," said Loy. "Mike has helped build some of the industry's largest brands, including our partner Travelocity, and we are excited for him to bring his vision and knowledge to Groople's team of travel executives." In addition to more than 60,000 hotels and six top cruise lines, Groople offers group bookings for air, car, bus and rail.