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Tourico Holidays and HotelBeds Deal Has Closed!

Tourico Holidays and HotelBeds Deal Has Closed | Tourico Holidays

Tourico Holidays and HotelBeds Deal Has Closed!
Tourico Holidays under the umbrella of Hotelbeds Group.

As of June 8th, 2017, travel wholesalers, Hotelbeds Group and Tourico Holidays, have finalized the deal that brings Tourico Holidays under the umbrella of Hotelbeds Group. While the integration process is fully completed, both businesses will continue to operate as normal. Integration plans are already under development to combine the two in different stages.

In the go forward, both businesses will have access to clients and partners of each, same applies to services and technology solutions as we approach different stages of the integration process.

Uri Argov, former CEO and founder of Tourico Holidays has decided to retire, but will remain a shareholder of the combined company. In his place, Asi Ginio, former COO of Tourico Holidays, will step in as Tourico Holidays new CEO, until both companies reach full integration.

Following today’s announcement, GTA will soon be joining Hotelbeds Group. This new deal will be subject to its own regulatory approval process and integration timeline; for the time being, GTA will remain working independently from Hotelbeds Group.

“This deal expands our footprint in the important North American market and – along with our plans also for GTA to join us – forms part of our strategy to accelerate the growth of our business,” said Joan Vila, executive chairman of Hotelbeds Group.

To learn more about our integration efforts with Hotelbeds Group and GTA, follow the links below:

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Tourico Holidays reports substantial revenue growth in Europe and Middle East

Tourico Holidays reports substantial revenue growth in Europe and Middle East | Tourico Holidays

Tourico Holidays reports substantial revenue growth in Europe and Middle East
High demand for Tourico’s “ExclusiveDeals”.

Tourico Holidays continues to see growth across Europe and the Middle East, having reported a 300 percent revenue increase in the past five years.

“…after Brexit was announced we forecasted a 30 percent growth in UK room nights…

With over 10,000 hotel partners across the region and a high demand for Tourico’s “ExclusiveDeals,” unique pre-purchased hotel rooms, hotel bookings for EME have increased 25 percent year over year.

“The European, Middle East travel market is one of the most stable in the world and many of its biggest source markets – like the U.S. and U.K. – are actually increasing their demand,” said Mark Redmond, Vice President of the European Region for Tourico Holidays. “For example, after Brexit was announced we forecasted a 30 percent growth in UK room nights. Today, we’re predicting an even greater increase of 41 percent. In such a reliable travel region, we’ve continued to partner with more hotels and now have over 10,000 hotel options in Europe and the Middle East.”

The U.S. accounting for 11 percent of total travel market in the region, UK accounting for another 11 percent, India and Germany each accounting for 5 percent of the total market share.

To learn more about our continued growth in Europe and the Middle East, follow Travel Daily News.

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Tourico Holidays Makes Waves with New Cruise XML and Viking Cruises Partnership.

Tourico Holidays Makes Waves with New Cruise XML and Viking Cruises Partnership. | Tourico Holidays

TH with New Cruise XML and Viking Cruises Partnership.
World’s Fastest Growing Wholesale Travel Provider Hires New VP of Cruise Development to Roll Out New Viking River Cruises Inventory and XML Platform.

Tourico Holidays Makes Waves with New Cruise XML and Viking Cruises Partnership.

World’s Fastest Growing Wholesale Travel Provider Hires New VP of Cruise Development to Roll Out New Viking River Cruises Inventory and XML Platform.

Orlando, FL – September 9, 2015 – Tourico Holidays, a global leader in wholesale travel brokerage, today announced that it has introduced host-to-host XML connectivity between its cruise line partners and its travel distribution clients. Tourico has also partnered with Viking Cruises to broker more than 2,000 cruises to the company’s 3,500 clients worldwide.

“The cruise industry is one of our fastest growing business segments, so we’ve stepped up our game to meet the demand,” said Steve Skidgel, Executive Vice President of Global Product Development for Tourico Holidays. “We’ve optimized our technology to ensure that booking a cruise using the Tourico platform is quick and convenient – and most importantly, highly accurate. And we’ve strengthened our inventory by partnering with the wildly popular and rapidly growing cruise supplier, Viking Cruises, opening its inventory to our travel distribution clients – and giving them even more options at unbeatable price points.”

Tourico Holidays’ cruise business now includes 15 cruise lines and more than 10,000 different cruise departures throughout the world – including in the Caribbean, Alaska, Europe, Russia, Ukraine, Egypt, Asia, Australia, and South America. The entire inventory is now available to North American clients through Tourico’s host-to-host XML connectivity. By combining its XML platform and its industry-best 97% sync rate, Tourico clients now have real-time availability of products and pricing. As a result, clients that are selling hotels through XML can now also find cruises on the same point of reconciliation, making it even easier to bundle the two products, and allowing clients to diversify their product offering. Cruise lines will have the advantage of gaining brand awareness and incremental revenue through Tourico’s global distribution.

As a result of its partnership with Viking, Tourico’s clients will now have access to the best offers available on over 2,000 destination-centric cruises designed for experienced travelers with interests in geography, history, culture and exploration. Tourico will expand Viking’s distribution footprint by offering the new product to its 4,900 distribution clients worldwide.

To support the rapid growth of Tourico’s cruise business, the company has appointed Lori Sheller as the new Vice President of Cruise Development. Sheller has 14 years of cruise industry experience with proven success at identifying growth opportunities and initiating strong business alliances. Prior to her hire at Tourico, she was the Vice President of Sales and Marketing at Online Vacation Center, one of the largest cruise retailers in the U.S.

“I see incredible growth potential for Tourico Holidays’ cruise business,” said Sheller. “Signing Viking and providing XML connectivity to our partners is just the beginning – and I’m excited to be a part of a team that is constantly innovating on behalf of its customers.”

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Corporate Governance

Corporate Governance

Corporate Governance
  

Tourico Holidays takes very seriously its commitment to its clients and partners. To learn more about how we do this, you can download some of the policies we have put into place to guide our governance and practices.

Animal Welfare Policy

This document shows how Tourico Holidays, a part of Hotelbeds Group, strives to promote sustainable best practice regarding humane animal treatment.

Download PDF »