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Hotelbeds and OYO Hotels & Homes form strategic distribution partnership
Posted on: 16/Apr/2019 10:35:14 AM
● Marks OYO’s first partnership with a bedbank company
● OYO gains access to Hotelbeds’ 60,000 clients, including tour operators, points redemption schemes and retail travel agents and Hotelbeds’ clients will have access to OYO’s portfolio of more than 18,000 franchised and leased hotels and over 10,000 homes and villas, across ten countries
● The deal covers wholesale and retail distribution of OYO hotels and homes via both Hotelbeds and Bedsonline
Chennai, April 15, 2019. Hotelbeds, the world’s leading bedbank and OYO Hotels & Homes, the world’s 6th largest hotel chain, today, announced a strategic global distribution partnership. The preferred agreement represents OYO’s first-ever distribution partnership with a bedbank.
The partnership provides OYO with access to more than 60,000 travel buying intermediaries around the world that use the Hotelbeds platform, including tour operators, airline websites, points redemption programs, loyalty plans, and MICE operators from more than 140 source markets.
As a result of this Hotelbeds’ clients will have access to OYO’s portfolio of more than 18,000 franchised and leased hotels and over 10,000 homes and villas, across ten countries – including India, China, Malaysia, Nepal, the UK, UAE, Indonesia, the Philippines, Kingdom of Saudi Arabia, and now Japan.
Through this partnership, OYO Hotels & Homes, will be able to distribute its hotel rooms via both the wholesale channel, which operates under the ‘Hotelbeds’ name and the retail travel agent channel, which operates under the ‘Bedsonline’ brand – all united under one contract.
Mark Redmond, Head of Global Chains at Hotelbeds comments: “OYO Hotels & Homes is one of the most talked about hotel brands currently and is massively shaking up the entire sector, posing a challenge to much bigger incumbents. So, we at Hotelbeds are very pleased to be the first travel distributor given the privilege to work with them. As the largest budget hotel chain, it represents a new offering for our 60,000 plus travel buying clients using our platform, such as travel agents and tour operators – meaning our distribution channel sits perfectly with their needs. Whilst they currently have an impressive 515,000 rooms, they’re set to increase up to 1 million by the end of the year and we’re looking forward to helping them find incremental and higher-yielding bookings for many of those rooms”.
Maninder Gulati, Chief Strategy Officer, OYO Hotels & Homes, stated: “At OYO, our mission is to create a perfect space in every place by ensuring the best possible experience for our guests, and having Hotelbeds as a strategic global partner supports this vision. Hotelbeds distribution channel of B2B travel buyers helps us access new customer segments and geographies. The bedbank company’s cost-efficient distribution channel makes them an ideal partner to achieve our goal.”
A global-first, OYO Hotels brings a unique equilibrium between demand and supply gap of quality living spaces through proprietary technology, efficient operations, staff training, civil transformation, inventory management, revenue management, and customer relationship manager. All these facets come together to improve a hotel’s performance by y delivering a quality-assured experience. Subsequently, hoteliers can take advantage of the technology to boost occupancy and deliver enhanced customer experience.
In October last year, Hotelbeds announced the consolidation of all of its brands in the wholesale channel —GTA, Tourico Holidays and Hotelbeds— under the name of Hotelbeds, phasing out the Tourico Holidays and GTA brands. With this, Hotelbeds Group and its wholesale brand are now simply known as `Hotelbeds`.
More recently, in early February, Hotelbeds also announced that now 90% of its current 180,000 hotel partners now have access to all of the 60,000 travel buying intermediaries – such as tour operators and travel agents – that use the company’s platform, following the integration of GTA and Tourico Holidays into the company recently.
About Hotelbeds
Hotelbeds is the world´s leading bedbank.
The company’s proprietary technology helps providers of travel services distribute their offering to travel sellers globally via an easy-to-use, advanced technology platform that increases reach, revenue, and yield for both the provider and the seller.
Operating under the Hotelbeds brand in the wholesale channel and the Bedsonline brand in the travel agents channel, the company connects over 60,000 travel intermediaries across more than 140 source markets globally with travel providers in over 185 countries representing more than 180,000 hotels, 24,000 transfer routes and 18,000 activities.
In September 2016, the company became independent under the ownership of Cinven and the Canada Pension Plan Investment Board (CPPIB). In June 2017, Tourico Holidays became part of Hotelbeds, followed by GTA also joining the company in October of the same year.
The company is headquartered in Palma de Mallorca, Spain.
Follow us on:
Twitter: @Hotelbeds
Facebook: Hotelbeds
About OYO Hotels & Homes: OYO is South Asia’s largest, one of China’s top five, and the world’s 6th largest and fastest growing chain of hotels, homes, and spaces. It has footprints in more than 500+ cities across India, China, Malaysia, Nepal, the UK, UAE, Indonesia, the Philippines, the Kingdom of Saudi Arabia, and Japan. Globally, OYO currently has over 18,000 franchised or leased hotels and over 10,000 homes and villas as a part its chain and over 515,000 rooms. OYO is backed by leading investors, the SoftBank Group, Sequoia India, Lightspeed India, Hero Enterprise, and China Lodging Group. For more information, log on to https://www.oyorooms.com/
Hotelbeds Media contacts
Hotelbeds
PR, Media Relations & Corporate Affairs
Antonia Aguiló • a.aguilo@hotelbeds.com
OYO Media contacts
Prasidha Menon: +91 95601 88330, prasidha.menon@oyorooms.com
Shonali Chakravarty: +91 9833059832, shonali.chakravarty@oyorooms.com
