Hotelbeds signs long-term deals in MEA region
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Hotelbeds, one of the world’s biggest bed-banks, has made long-term commitments at selected properties in gateway cities across the Middle East, Turkey and Africa.
The company said the move would expand its hotel portfolio while decreasing the financial risk for its hotel partners, breaking from the traditional net or commissionable rate contracting models.
It claimed it would also provide its customers with real-time and translated hotel content with attractive margins. On a year-to-date basis, Hotelbeds claimed it had signed three times as many preferential and protected deals in comparison with the same period in 2014, reaching more than 150 new agreements in the Middle East, Africa and Turkey.
“META is one of our fastest growing regions around the world and these agreements are proof of our commitment to it,” said Carlos Muñoz, managing director of Hotelbeds.
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