Through this agreement, Radisson will distribute via Hotelbeds’ network of more than 60,000 business-to-business travel buyers such as tour operators, retail travel agents, airlines and loyalty programs.
Trip.com will have access to Hotelbeds’ Beyond the Bed portfolio of more than 18,000 activities in 690 destinations, 25,000 transfer routes in 1,100 destinations as well as theme-park attractions and entrance tickets for events all over the world.
The partnership provides Oyo with access to more than 60,000 travel buying intermediaries around the world that use the Hotelbeds platform, including tour operators, airline websites, points redemption programs, loyalty plans from more than 140 source markets.
TUI Group has confirmed the completion of the disposal of Hotelbeds Group, announced in April 2016, for a total cash consideration of €1.19 billion. The organisation sold the unit to the British investor Cinven Capital Management and the Canada Pension Plan Investment Board.
Hotelbeds has acquired JBS, a US-based company dedicated to the Chinese accommodation wholesaler market. JBS, formed in 2001 by Chinese-born US residents Juliann Meng, Barbara Ansel and Sarah Gao, works with Chinese-domiciled tour operators and travel agents as well as destination management companies active in incoming tourism from China to the US.
International accommodation wholesaler Hotelbeds has unveiled its five-year growth plans on the first day of London’s annual World Travel Market.