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Hotelbeds Group

group.hotelbeds.com

Founded Year

2001

Stage

Private Equity | Alive

About Hotelbeds Group

Provider hotel-room booking service. The company offers hotel capacity to travel agencies and tour operators in more than 120 countries. Its businesses provide hotel accommodation, transfers, excursions and tours, meetings and events, visa outsourcing, and cruise handling services.

Headquarters Location

Camí Son Fangos 100 Complejo Mirall Balear, Tower A, 5th fl.

Palma de Mallorca, 07007,

Spain

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Latest Hotelbeds Group News

Hotelbeds and OYO Form Strategic Distribution Partnership

Dec 22, 2022

Hotelbeds and OYO Form Strategic Distribution Partnership OYO gains access to Hotelbeds’ 60,000 clients, including tour operators, points redemption schemes and retail travel agents and Hotelbeds’ clients will have access to OYO’s portfolio of more than 18,000 franchised and leased hotels and over 10,000 homes and villas, across ten countries Hotelbeds, the world’s leading bedbank and OYO Hotels & Homes, the world’s 6th largest hotel chain, today, announced a strategic global distribution partnership. The preferred agreement represents OYO’s first-ever distribution partnership with a bedbank. 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, and MICE operators from more than 140 source markets. As a result of this Hotelbeds’ clients will have access to OYO’s portfolio of more than 18,000 franchised and leased hotels and over 10,000 homes and villas, across ten countries – including India, China, Malaysia, Nepal, the UK, UAE, Indonesia, the Philippines, Kingdom of Saudi Arabia, and now Japan. Through this partnership, OYO Hotels & Homes, will be able to distribute its hotel rooms via both the wholesale channel, which operates under the ‘Hotelbeds’ name and the retail travel agent channel, which operates under the ‘Bedsonline’ brand – all united under one contract. Mark Redmond, Head of Global Chains at Hotelbeds comments: “OYO Hotels & Homes is one of the most talked about hotel brands currently and is massively shaking up the entire sector, posing a challenge to much bigger incumbents. So, we at Hotelbeds are very pleased to be the first travel distributor given the privilege to work with them. As the largest budget hotel chain, it represents a new offering for our 60,000 plus travel buying clients using our platform, such as travel agents and tour operators – meaning our distribution channel sits perfectly with their needs. Whilst they currently have an impressive 515,000 rooms, they’re set to increase up to 1 million by the end of the year and we’re looking forward to helping them find incremental and higher-yielding bookings for many of those rooms”. Maninder Gulati, Chief Strategy Officer, OYO Hotels & Homes, stated: “At OYO, our mission is to create a perfect space in every place by ensuring the best possible experience for our guests, and having Hotelbeds as a strategic global partner supports this vision. Hotelbeds distribution channel of B2B travel buyers helps us access new customer segments and geographies. The bedbank company’s cost-efficient distribution channel makes them an ideal partner to achieve our goal.” A global-first, OYO Hotels brings a unique equilibrium between demand and supply gap of quality living spaces through proprietary technology, efficient operations, staff training, civil transformation, inventory management, revenue management, and customer relationship manager. All these facets come together to improve a hotel’s performance by delivering a quality-assured experience. Subsequently, hoteliers can take advantage of the technology to boost occupancy and deliver enhanced customer experience. In October last year, Hotelbeds announced the consolidation of all of its brands in the wholesale channel —GTA, Tourico Holidays and Hotelbeds— under the name of Hotelbeds, phasing out the Tourico Holidays and GTA brands. With this, Hotelbeds Group and its wholesale brand are now simply known as 'Hotelbeds'. More recently, in early February, Hotelbeds also announced that now 90% of its current 180,000 hotel partners now have access to all of the 60,000 travel buying intermediaries – such as tour operators and travel agents – that use the company’s platform, following the integration of GTA and Tourico Holidays into the company recently. Share this article:

Hotelbeds Group Frequently Asked Questions (FAQ)

  • When was Hotelbeds Group founded?

    Hotelbeds Group was founded in 2001.

  • Where is Hotelbeds Group's headquarters?

    Hotelbeds Group's headquarters is located at Camí Son Fangos 100, Palma de Mallorca.

  • What is Hotelbeds Group's latest funding round?

    Hotelbeds Group's latest funding round is Private Equity.

  • Who are the investors of Hotelbeds Group?

    Investors of Hotelbeds Group include CPP Investments and Cinven.

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