Oyo Hotels partners with bed-bank HotelBeds to increase travel distribution
According to the partnership, Oyo will be able to access more than ‘60,000 travel buying intermediaries around the world that use the Hotelbeds platform
Oyo Hotels and Homes has partnered with bedbank Hotelbeds in a ‘first ever distribution partnership’ with a bedbank.
According to the deal, Oyo will be able to access more than ‘60,000 travel buying intermediaries around the world that use the Hotelbeds platform’. Hotelbeds’ clients, meanwhile, will be able to access Oyo’s portfolio of more than 18,000 franchised and leased hotels across ten countries.
Oyo will also be able to distribute its hotel rooms through HotelBeds’ wholesale channel and the retail travel agent channel all under one contract.
Talking about this partnership, Mark Redmond, Head of Global Chains at Hotelbeds said, “Hotelbeds is pleased to be the first travel distributor [to work with Oyo]. As the largest budget hotel chain, it represents a new offering for our 60,000 plus travel buying clients using our platform. 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 is equally enthusiastic about the partnership. He said, “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.”
Meanwhile, Hotelbeds announced that 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.