Articles tagged “hotelbeds”

Hotelbeds to Buy HolidayTaxis to Expand Transport Offering

Hotelbeds to Buy HolidayTaxis to Expand Transport Offering

Patrick Whyte, Skift

While clearly not a game-changer in the same way Tourico Holidays or GTA was, the deal does expand Hotelbeds’ ancillary portfolio, giving it greater reach in what is a growing market.

2 months 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 months ago

Hotelbeds Rebrands to Focus on Accommodations

Hotelbeds Rebrands to Focus on Accommodations

Patrick Whyte, Skift

Although Hotelbeds still sells ancillaries, its main focus is on accommodations and the rebrand makes that clear.

3 months ago

Video: Hotelbeds Executive Chairman on Fallout From the Online Booking Battleground

Video: Hotelbeds Executive Chairman on Fallout From the Online Booking Battleground

Andrew Sheivachman, Skift

Do hotels really need to be flagged under a big brand if online travel agencies are most effective at selling rooms? Hotelbeds' Joan Vila thinks hotel chains may be forced to wind down some brands that aren't succeeding in the marketplace.

7 months ago

Skift Forum Europe Preview: Hotelbeds CEO on Becoming No. 1 in Bedbanks Sector

Skift Forum Europe Preview: Hotelbeds CEO on Becoming No. 1 in Bedbanks Sector

Patrick Whyte, Skift

Business-to-business platforms are largely invisible to the traveling public but they have a big role to play behind the scenes. Hotelbeds Group sees an opportunity to consolidate within the sector.

10 months ago

TUI Is Buying a Destination Services Business From Hotelbeds for $136 Million

TUI Is Buying a Destination Services Business From Hotelbeds for $136 Million

Patrick Whyte, Skift

TUI is using some of the cash it amassed from selling companies such as Hotelbeds to buy a business from ... Hotelbeds. Maybe its taken a bit of time for the management to realize that tours and activities are strategic and a potential growth area.

10 months ago

Hotelbeds Eyes a Viable Wholesaler Path in the Shadows of Priceline and Expedia

Hotelbeds Eyes a Viable Wholesaler Path in the Shadows of Priceline and Expedia

Sean O'Neill, Skift

Since 2016, the quiet wholesaler marketplaces for hotel supply have become noisy as private equity firms invested $2.9 billion to make Hotelbeds Group a market leader. Expect more consolidation.

1 year ago

Webjet Is Buying JacTravel as Wholesaler Consolidation Intensifies

Webjet Is Buying JacTravel as Wholesaler Consolidation Intensifies

Patrick Whyte, Skift

In a short period, the number of companies at the top of the business-to-business travel market has shrunk dramatically. The deal continues Webjet's transition from a regionally focused consumer travel company to a global travel business; other acquisitions will follow.

1 year ago

Tourico Holidays Tunes Up Its Technology After Hotelbeds Merger

Tourico Holidays Tunes Up Its Technology After Hotelbeds Merger

Sean O'Neill, Skift

The wholesale travel sector is under pressure from shifts in how hotel companies distribute their rooms. Tourico's new tech for agencies and airlines may help boost sales and margins in the face of these trends.

1 year ago

Hotelbeds Plans to Buy Tourico Holidays to Expand in the Americas

Hotelbeds Plans to Buy Tourico Holidays to Expand in the Americas

Sean O'Neill, Skift

Hotelbeds has an outstanding market position on the strength of its booking technology. The plan to acquire Tourico shows that its financial backers, particularly buyout firm Cinven, see a path to growth. Expect further acquisitions that add new supplier relationships in new market segments.

2 years ago

TUI Sells Hotelbeds for $1.3 Billion to Private Equity and Pension Fund Group

TUI Sells Hotelbeds for $1.3 Billion to Private Equity and Pension Fund Group

Dave McCombs and Crayton Harrison, Bloomberg

TUI is making greater efforts to move out of the crowded online space and focus on its travel products.

3 years ago

Cinven Reportedly Close to Acquiring TUI’s Hotelbeds

Cinven Reportedly Close to Acquiring TUI’s Hotelbeds

Aaron Kirchfeld, Ruth David and Manuel Baigorri , Bloomberg

About six months after TUI initially announced it would sell Hotelbeds, it looks like it's finally close to securing a sale to Cinven. TUI's decision to sell is just further proof of how difficult it is to run an online travel agency when your competition includes the likes of Expedia and Booking.com.

3 years ago