Articles tagged “bedbanks”

Hotelbeds Boss Isn’t Worried About the Model of Nonrefundable Rates in a Post-Crisis World

Hotelbeds Boss Isn’t Worried About the Model of Nonrefundable Rates in a Post-Crisis World

Sean O'Neill, Skift

The hotel room bedbank Hotelbeds confirmed on Thursday that it had received a loan of about $435 million (€400 million), boosting its cash cushion. But will cautious travelers be as interested in the company's typically non-refundable rates and otherwise typically restricted offers during months of uncertainty about possible travel restrictions?

3 months ago

Marriott and Expedia Exclusive Agreement Will Retake Control of Wholesale Rates

Marriott and Expedia Exclusive Agreement Will Retake Control of Wholesale Rates

Dennis Schaal, Skift

In an I-just-saw-an-elephant-fly moment, Marriott International will be directing businesses to Expedia Group to access certain Marriott wholesale rates. Bedbanks, tour operators, and smaller online travel agencies that play games with room rates are put on notice.

10 months ago

Hotels Struggle to Stop Resellers From Undercutting Their Rates

Hotels Struggle to Stop Resellers From Undercutting Their Rates

Sean O'Neill, Skift

Consumers often wonder where they can find the lowest rate for a hotel room online. Oddly enough, a hotel's managers may not know the answer. Mysteriously discounted rates from small sites and apps are popping up more often online, even in markets like the U.S. where a few hotel groups dominate.

2 years ago

WebBeds and 3 Asian Wholesalers Form First Bedbank Coalition

WebBeds and 3 Asian Wholesalers Form First Bedbank Coalition

Raini Hamdi, Skift

Hotel chains and airlines have formed alliances, why not bedbanks? The first bedbank alliance by four Asian players may be the first of its kind, but what’s more important is whether it can work. After all, if it looks so logical and easy, why didn’t anyone do it sooner?

2 years ago

WebBeds on Shopping Spree for Bedbanks: Should Hotelbeds Be Worried?

WebBeds on Shopping Spree for Bedbanks: Should Hotelbeds Be Worried?

Raini Hamdi, Skift

The acquisition of Destinations of the World seals WebBeds as the second largest B2B bedbank player, but incumbent Hotelbeds need not worry – for a very long time.

2 years ago