Articles tagged “wholesale rates”

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?

5 months ago

Mondee Buys Airfare Wholesaler in Play for Ethnic Travel Agencies

Mondee Buys Airfare Wholesaler in Play for Ethnic Travel Agencies

Sean O'Neill, Skift

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.

8 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.

1 year ago