Articles tagged “wholesalers”

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

Tripadvisor Takes Unusual Route With Private Equity Help to Build Its New Subscription Offering

Private equity firm Certares is leveraging its brand assets the way a Booking Holdings might do when Booking.com shares inventory with sister company Priceline. This isn't the usual private equity playbook.

Tripadvisor Takes Unusual Route With Private Equity Help to Build Its New Subscription Offering

Online Travel

Will Airbnb Pop or Fizzle After Its First Earnings Announcement?

Will Airbnb continue on its magic carpet ride after it reports its first earnings as a public company? Does the Airbnb brand beat Booking Holdings' real-world businesses, including hotels, flights and metasearch? Or has the market already decided that question?

Will Airbnb Pop or Fizzle After Its First Earnings Announcement?

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

Online Travel

Wholesaler Hotelbeds Cuts Ties to Booking Sites That Break Hotel Distribution Rules

The collapse last week of Amoma suggests that an industrywide crackdown on online travel agencies that violate hotel contracts is getting serious. For example, many hoteliers have wanted Hotelbeds to crack down on bad behavior by some agencies. The distributor of wholesale rates has responded by taking action.

Wholesaler Hotelbeds Cuts Ties to Booking Sites That Break Hotel Distribution Rules

Online Travel

Amoma.com Troubles May Delight Hoteliers That Hate Its Rate Discounting

Hoteliers probably disliked Amoma.com more than any other online travel agency in the past few years. Amoma often undercut hoteliers on price. Now its reported troubles may have repercussions across the hotel and online travel industry for companies like Hotelbeds, Google, and Booking.com.

Amoma.com Troubles May Delight Hoteliers That Hate Its Rate Discounting

Online Travel

How Australia’s Webjet Is Building a Global Business by Going Wholesale

Webjet has really transformed its business over the past few years through a couple of sizable acquisitions. The Australian consumer market is proving pretty tough, so pursuing a strategy of global expansion in the wholesale arena makes sense.

How Australia’s Webjet Is Building a Global Business by Going Wholesale

Online Travel

Hotel Site Files Antitrust Complaint Against Expedia and Booking

The omnipresence of wholesale hotel rates making their way onto online travel sites is becoming epidemic, and the big online travel agencies may be trying to throw their weight around to stem the flow. That is raising antitrust concerns, as this complaint points out.

Hotel Site Files Antitrust Complaint Against Expedia and Booking