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{{AfDM|page=Hotelbeds (2nd nomination)|year=2023|month=June|day=9|substed=yes|origtag=afdx|help=off}}
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{{Infobox company
{{Infobox company
| name = Hotelbeds
| name = Hotelbeds
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| image_alt =
| image_alt =
| image_caption = Hotelbeds' head office in Palma
| image_caption = Hotelbeds' head office in Palma
| former_name = TUI Travel A&D
| type = [[Private company]]
| type = [[Private company]]
| industry = [[Travel technology]]
| industry = [[Travel technology]]
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| area_served = Worldwide
| area_served = Worldwide
| key_people = [[Nicolas Huss]] (CEO)
| key_people = [[Nicolas Huss]] (CEO)
| products =
| products = Trade-only booking platform, Hotel and ancillaries distribution API
| services = Hotel accommodation, transfers, activities
| services =
| revenue =
| revenue =
| operating_income =
| operating_income =
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| num_employees = 5,000 (2023)
| num_employees = 5,000 (2023)
| parent =
| parent =
| subsid = {{Unbulleted list|Bedsonline|Roiback}}
| subsid =
| website = {{URL|http://www.hotelbeds.com}}
| website = {{URL|http://www.hotelbeds.com}}
}}
}}


'''Hotelbeds''' is a travel technology company based in [[Palma, Majorca]], Spain that operates a hotel and ancillary services distribution platform.<ref>{{Cite web |title=Hotelbeds Overview on Crunchbase |url=https://www.crunchbase.com/organization/hotelbeds |access-date=2023-06-08}}</ref>
'''Hotelbeds''' is a travel technology company based in [[Palma, Mallorca]], Spain that operates a distribution channel for lodging businesses.<ref>{{Cite web|last=
Catà Figuls|first=Josep|title=Uno de los mayores bancos de camas de hotel es español y está en venta|url=https://elpais.com/economia/negocios/2023-06-07/uno-de-los-mayores-bancos-de-camas-de-hotel-es-espanol-y-esta-en-venta.html|date=7 June 2023|access-date=10 June 2023|website=El País}}</ref><ref>{{Cite web |url=https://elpais.com/economia/2016/01/22/actualidad/1453467766_517362.html |title=Estas son las agencias de viajes ‘online’ que llenan los hoteles españoles |last=Delle Femmine |first=Laura |date=2016-01-25 |website=El País |access-date=2023-06-11 |language=es}}</ref>


== History ==
== History ==
'''Hotelbeds''' was launched in 2001 as part of [[First Choice Holidays PLC]].
'''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|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.<ref>{{Cite web|url=https://cincodias.elpais.com/cincodias/2014/06/04/empresas/1401910383_630565.html|title=Hotelbeds, supermercado de habitaciones de hotel|last=Salces Acebes|first=Laura|date=2014-06-05|website=El País - Cinco Días|language=Spanish|access-date=2023-06-11}}</ref>
The company initiated the Bedsonline brand in 2003, a service targeting travel agents. That same year, it established its first XML connection to distribute hotel inventory.


Hotelbeds was acquired by [[Cinven]] and [[CPP Investment Board|CPPIB]] in 2016,<ref>{{Cite web|last=Walsh|first=Dominic|title=Private equity heads the queue for 1bn Hotelbeds|url=https://www.thetimes.co.uk/article/private-equity-heads-the-queue-for-1bn-hotelbeds-2d2nfnw92|date=25 April 2016|access-date=10 June 2023|website=The Times}}</ref><ref>{{Cite web|last=Acebes|first=Laura Salces|title=Cinven compra Hotelbeds por 1.165 millones|url=https://cincodias.elpais.com/cincodias/2016/04/28/empresas/1461844701_261765.html|date=28 April 2016|access-date=10 June 2023|website=El País - Cinco Días}}</ref><ref>{{cite web|last=Abril|first=Inés|title=Los dueños de Hotelbeds endeudan la compañía para pagarse un dividendo de 490 millones|url=https://www.expansion.com/empresas/transporte/2019/04/14/5cb357bbca4741a02b8b45a6.html|website=Expansión|date=2019-04-14|access-date=2023-06-11}}</ref> In 2017, Tourico Holidays and GTA Travel were purchased and integrated in 2018.<ref>{{Cite web|title=Hotelbeds, el mayor supermercado de camas de hoteles|url=https://cincodias.elpais.com/cincodias/2017/04/24/companias/1493036262_768532.html|date=25 April 2017|access-date=10 June 2023|website=El País - Cinco Días}}</ref>
In 2004, Hotelbeds entered into a partnership with [[EasyJet|Easyjet]] as their official accommodation partner.


During 2020 and 2021, Hotelbeds was impacted by the effects of [[COVID-19 pandemic]] in tourism. The company received additional funding from Cinven, [[EQT AB|EQT]] and CPPIB.<ref>{{cite web |last=Marco |first=Agustín |title=Cinven rescata la española Hotelbeds, el mayor banco mundial de camas, con 400 M |url=https://www.elconfidencial.com/empresas/2020-04-02/cinven-rescata-hotelbeds-banco-camas_2529768/ |website=El Confidencial |date=2020-04-02 |access-date=2023-06-11}}</ref><ref>{{Cite web|url=https://cincodias.elpais.com/cincodias/2020/12/18/companias/1608322845_711275.html|title=Cinven, EQT y CPPIB negocian inyectar 175 millones a Hotelbeds|last=Abril|first=Inés|date=2020-12-18|website=El País - Cinco Días|language=Spanish|access-date=2023-06-11}}</ref>
2007 saw a merger between First Choice Holidays PLC and the Tourism Division of [[TUI AG]], forming [[TUI Travel plc|TUI Travel PLC]], with Hotelbeds as its primary brand in the Accommodation & Destinations unit, also referred as TUI Travel A&D.<ref>{{Cite web |author=Mark Potter, Rajiv Sekhri |date=2007-03-19 |title=First Choice to merge with Germany's TUI |url=https://www.reuters.com/article/uk-tui-firstchoice-uk-idUKNOA93268420070319 |access-date=2023-06-08 |publisher=Reuters}}</ref>{{badref|date=June 2023}}


⚫
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.<ref>{{Cite web |last=Arroyo |first=Rebeca |date=2021-05-05 |title=Nicolas Huss Succeeds Joan Vilà at Hotelbeds |url=https://www.expansion.com/empresas/transporte/2021/05/05/609160d0e5fdeac70f8b4601.html |access-date=2023-06-08 |website=Expansión}}</ref>
In 2011, on its 10th anniversary, a rebranding of Hotelbeds took place.

Hotelbeds launched its Transfer and Activity Bank in 2013, offering global distribution of transfers, activities, tickets, and car hire.

A merger in 2014 between TUI Travel PLC and TUI AG led to the creation of the [[TUI Group]].<ref>{{Cite web |author=John Aglionby |date=2014-09-15 |title=Tui Travel and Tui AG agree merger terms |url=https://www.ft.com/content/4bcaa302-3ca4-11e4-871d-00144feabdc0 |access-date=2023-06-09 |publisher=Financial Times}}</ref> The next year, Hotelbeds Group was formed.<ref>{{Cite web |date=2015-01-05 |title=The former TUI Travel Accommodation & Destinations is now called Hotelbeds Group |url=https://www.tuigroup.com/en-en/media/press-releases/2015/20150105-the-former-tui-travel-accommodation-destinations-is-now-called-hotelbeds-group#:~:text=Following%20the%20merger%20of%20TUI,in%20each%20of%20their%20segments. |access-date=2023-06-09 |publisher=TUI Group}}</ref>

Hotelbeds Group was acquired by [[Cinven]] and [[CPP Investment Board|CPPIB]] in 2016.<ref>{{Cite web |last=Bryan |first=Victoria |last2=Berry |first2=Freya |date=2016-04-28 |title=TUI sells Hotelbeds business for $1.3 billion |url=https://www.reuters.com/article/us-tui-cinven-hotelbeds-idUSKCN0XP0DL |access-date=2023-06-08 |publisher=Reuters}}</ref> In 2017, Tourico Holidays and GTA Travel were incorporated into the Hotelbeds Group.<ref>{{Cite web |title=Hotelbeds to acquire Tourico Holidays |url=https://www.travelweekly.com/Travel-News/Tour-Operators/Hotelbeds-to-acquire-Tourico-Holidays |access-date=2023-06-09 |publisher=Travel Weekly}}</ref><ref>{{Cite web |author=Patrick Whyte |date=2017-04-21 |title=Hotelbeds Agrees to Buy Wholesaler GTA |url=https://skift.com/2017/04/21/hotelbeds-agrees-to-buy-wholesaler-gta/ |access-date=2023-06-09 |publisher=Skift}}</ref>

Hotelbeds, Bedsonline, GTA and Tourico underwent an operative merge process that culminated in a launch of the unified Hotelbeds and Bedsonline global brands in 2018.<ref>{{Cite web |date=2017-09-19 |title=Hotelbeds Group and Its Subsidiaries Rebrand as Hotelbeds |url=https://www.travelagentcentral.com/running-your-business/hotelbeds-group-and-its-subsidiaries-rebrand-as-hotelbeds |access-date=2023-06-09}}</ref><ref>{{Cite web |last=Whyte |first=Patrick |date=2018-09-10 |title=Hotelbeds Consolidates Travel Agency Business Under One Brand |url=https://skift.com/2018/09/10/hotelbeds-consolidates-travel-agency-business-under-one-brand/amp/ |access-date=2023-06-09 |publisher=Skift}}</ref>

During 2020 and 2021, Hotelbeds attempted to mitigate the adverse effects of [[COVID-19 pandemic]] on its operations and results. The company received additional funding from Cinven, [[EQT Partners|EQT]] and CPPIB to strengthen financial stability.<ref>{{Cite web |date=2020-03-20 |title=Coronavirus: Hotelbeds puts plans in place to withstand Covid-19 impact |url=https://www.travolution.com/news/travel-sectors/tour-operators/coronavirus-hotelbeds-puts-plans-in-place-to-withstand-covid-19-impact/ |access-date=2023-06-08}}</ref><ref>{{Cite web |date=2020-03-26 |title=Hotelbeds Sponsors CPPib, Cinven, EQT Propose to Provide €400M New Money Ranking Senior Secured to Shore Up Deteriorating Liquidity |url=https://reorg.com/hotelbeds-sponsors-cppib-cinven-eqt-propose-to-provide-e400m-new-money-ranking-senior-secured-to-shore-up-deteriorating-liquidity-facility-to-pay-1-over-tl/#:~:text=The%20European%20private%20capital%20firm,GTA%20from%20EQT%2Downed%20Kuoni. |access-date=2023-06-08}}</ref>

⚫
Joan Vilà, the CEO of Hotelbeds, stepped down from his position to adopt a non-executive role, while remaining a shareholder in 2021.<ref>{{Cite web |date=2021-05-03 |title=Hotelbeds Chairman Steps Down |url=https://www.ttrweekly.com/site/2021/05/hotelbeds-chairman-steps-down/ |access-date=2023-06-08}}</ref> He was succeeded by Nicolas Huss, an executive with extensive experience in the technology and finance sectors.<ref>{{Cite web |date=2021-05-05 |title=Nicolas Huss Succeeds Joan Vilà at Hotelbeds |url=https://www.expansion.com/empresas/transporte/2021/05/05/609160d0e5fdeac70f8b4601.html |access-date=2023-06-08}}</ref>

== Services ==
Hotelbeds facilitates by using technology hotel, activities, transfer and car rental companies the distribution to a network of companies such as travel agencies, airlines and tour operators, acting as a [[B2B e-commerce|B2B partner]].

== Operations ==
Hotelbeds operates globally, providing services in over 185 countries. As of 2023, the company has around 5,000 employees.


== References ==
== References ==
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* {{URL|http://www.hotelbeds.com|Official Website}}
* {{URL|http://www.hotelbeds.com|Official Website}}


{{uncat|date=June 2023}}
{{Improve categories|date=June 2023}}

[[Category:2001 establishments in Spain]]

Latest revision as of 07:59, 22 December 2024

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, Mallorca, Spain that operates a distribution channel for lodging businesses.[1][2]

History

[edit]

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

[edit]
  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]
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