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Hotelbeds

From Wikipedia - Reading time: 4 min
Hotelbeds
FormerlyTUI Travel A&D
Company typePrivate company
IndustryTravel technology
Founded2001 (2001)
Headquarters
Palma, Majorca
,
Spain
Area served
Worldwide
Key people
Nicolas Huss (CEO)
Number of employees
5,000 (2023)
Websitewww.hotelbeds.com

Hotelbeds is a travel technology company based in Palma, Majorca, Spain that operates a distribution channel for lodging businesses.[1][2]

History

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Hotelbeds was founded in 2001 as a unit of First Choice Holidays PLC. In 2007 First Choice Holidays PLC merged with the Tourism Division of TUI AG, forming TUI Travel PLC, with Hotelbeds as its primary brand in the Accommodation & Destinations unit, also referred as TUI Travel A&D.

A merger in 2014 between TUI Travel PLC and TUI AG led to the creation of the TUI Group. TUI Travel A&D changed its name to Hotelbeds Group and subsequently to Hotelbeds.[3]

Hotelbeds was acquired by Cinven and CPPIB in 2016,[4][5][6] In 2017, Tourico Holidays and GTA Travel were purchased and integrated in 2018.[7]

During 2020 and 2021, Hotelbeds was impacted by the effects of COVID-19 pandemic in tourism. The company received additional funding from Cinven, EQT and CPPIB.[8][9]

Joan Vilà, CEO, stepped down from his position in 2021 to adopt a non-executive role, while remaining a shareholder. He was succeeded by Nicolas Huss.[10]

References

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  1. ^ Catà Figuls, Josep (7 June 2023). "Uno de los mayores bancos de camas de hotel es español y está en venta". El País. Retrieved 10 June 2023.
  2. ^ Delle Femmine, Laura (2016-01-25). "Estas son las agencias de viajes 'online' que llenan los hoteles españoles". El País (in Spanish). Retrieved 2023-06-11.
  3. ^ Salces Acebes, Laura (2014-06-05). "Hotelbeds, supermercado de habitaciones de hotel". El País - Cinco Días (in Spanish). Retrieved 2023-06-11.
  4. ^ Walsh, Dominic (25 April 2016). "Private equity heads the queue for 1bn Hotelbeds". The Times. Retrieved 10 June 2023.
  5. ^ Acebes, Laura Salces (28 April 2016). "Cinven compra Hotelbeds por 1.165 millones". El País - Cinco Días. Retrieved 10 June 2023.
  6. ^ Abril, Inés (2019-04-14). "Los dueños de Hotelbeds endeudan la compañía para pagarse un dividendo de 490 millones". Expansión. Retrieved 2023-06-11.
  7. ^ "Hotelbeds, el mayor supermercado de camas de hoteles". El País - Cinco Días. 25 April 2017. Retrieved 10 June 2023.
  8. ^ Marco, Agustín (2020-04-02). "Cinven rescata la española Hotelbeds, el mayor banco mundial de camas, con 400 M". El Confidencial. Retrieved 2023-06-11.
  9. ^ Abril, Inés (2020-12-18). "Cinven, EQT y CPPIB negocian inyectar 175 millones a Hotelbeds". El País - Cinco Días (in Spanish). Retrieved 2023-06-11.
  10. ^ Arroyo, Rebeca (2021-05-05). "Nicolas Huss Succeeds Joan Vilà at Hotelbeds". Expansión. Retrieved 2023-06-08.
[edit]
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Hotelbeds
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