Articles tagged “wholesale rates”

Hotels

Expedia CEO to Hotel Owners: Stamp Out Rogue Wholesale Rates

Hotels aren't doing enough to keep their wholesale rates off of smaller retail travel sites. That is damaging to Expedia's effort to gather the best prices online.

Expedia CEO to Hotel Owners: Stamp Out Rogue Wholesale Rates

Online Travel

Expedia and Marriott Claim Progress on Proliferation of Rogue Hotel Rates

Rogue wholesale rates on metasearch sites are the gifts that keep on giving — for travelers and the metasearch sites. Expedia and Marriott seem to be making some progress on the issue.

Expedia and Marriott Claim Progress on Proliferation of Rogue Hotel Rates

Coronavirus

First and Only Leader of Hotelbeds Steps Aside for New CEO Charged With Amping Up Digitization

It's an occasion to pause and appreciate the accomplishment of Joan Vilà, who created Hotelbeds and led it to become the world's largest bedbank. But looking ahead, Hotelbeds must rev up its digital metabolism.

First and Only Leader of Hotelbeds Steps Aside for New CEO Charged With Amping Up Digitization

Online Travel

Expedia, Others Poised for Hotel Market Share Battle Over Wholesale Sales

Hoteliers sent about $50 billion of rooms a year through wholesalers in normal times. Expedia Group and WebBeds want to take larger shares of that market. But private equity-backed companies like Hotelbeds and Fastpayhotels see an opportunity, too.

Expedia, Others Poised for Hotel Market Share Battle Over Wholesale Sales

Coronavirus

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

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?

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

Business Travel

Mondee Buys Airfare Wholesaler in Play for Ethnic Travel Agencies

Mondee's acquisition of fast-growing CTS (Cosmopolitan Travel Service) makes the group North America's largest airfare wholesaler by market size. Notably, Mondee could afford the deal thanks to fresh backing by TCW Group, a giant asset management firm. Lots of institutional money is seeking opportunities in travel this year.

Mondee Buys Airfare Wholesaler in Play for Ethnic Travel Agencies

Hotels

Marriott and Expedia Exclusive Agreement Will Retake Control of Wholesale Rates

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.

Marriott and Expedia Exclusive Agreement Will Retake Control of Wholesale Rates