Hotelbeds is a travel technology company based in Palma, Mallorca, Spain that operates a distribution channel for lodging businesses.[1][2]
History
Hotelbeds was founded in 2001 as a unit of First Choice Holidays PLC.[3] 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.[4][5]
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.[6]
Hotelbeds was acquired by Cinven and CPPIB in 2016,[7][8][9] In 2017, Tourico Holidays and GTA Travel were purchased and integrated in 2018.[10]
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.[11][12]
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.[13]
External links
- Official Website
References
- Josep Catà Figuls. Uno de los mayores bancos de camas de hotel es español y está en venta El País, 7 June 2023, retrieved 10 June 2023^
- Laura Delle Femmine. Estas son las agencias de viajes 'online' que llenan los hoteles españoles El País, 2016-01-25, retrieved 2023-06-11^
- Hotelbeds brand launched the 'Destination services' in the Americas - Noticias de turismo - arecoa.com retrieved 2025-12-06^
- Majorca Daily Bulletin reporter. TUI puts Hotelbeds up for sale Majorca Daily Bulletin, 2015-12-22, retrieved 2025-12-06^
- First Choice, TUI complete merger www.travelweekly.com, retrieved 2025-12-06^
- Laura Salces Acebes. Hotelbeds, supermercado de habitaciones de hotel El País - Cinco Días, 2014-06-05, retrieved 2023-06-11^
- Dominic Walsh. Private equity heads the queue for 1bn Hotelbeds The Times, 25 April 2016, retrieved 10 June 2023^
- Laura Salces Acebes. Cinven compra Hotelbeds por 1.165 millones El País - Cinco Días, 28 April 2016, retrieved 10 June 2023^
- Inés Abril. Los dueños de Hotelbeds endeudan la compañía para pagarse un dividendo de 490 millones Expansión, 2019-04-14, retrieved 2023-06-11^
- Hotelbeds, el mayor supermercado de camas de hoteles El País - Cinco Días, 25 April 2017, retrieved 10 June 2023^
- Agustín Marco. Cinven rescata la española Hotelbeds, el mayor banco mundial de camas, con 400 M El Confidencial, 2020-04-02, retrieved 2023-06-11^
- Inés Abril. Cinven, EQT y CPPIB negocian inyectar 175 millones a Hotelbeds El País - Cinco Días, 2020-12-18, retrieved 2023-06-11^
- Rebeca Arroyo. Nicolas Huss Succeeds Joan Vilà at Hotelbeds Expansión, 2021-05-05, retrieved 2023-06-08^