Spain-based ‘Hotelbeds’ and budget hotel chain OYO Hotels & Homes on Monday announced a strategic global distribution partnership.
This agreement represents OYO’s first-ever distribution partnership with a bedbank, according to a statement issued by the company. A bedbank is a wholesale provider of accommodation.
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 programmes, loyalty plans, and MICE operators from more than 140 source markets.
With 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 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 said, “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”.
Added Maninder Gulati, Chief Strategy Officer, OYO Hotels and Homes, “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.”