Hotelbeds and India’s OYO Hotels & Homes - the world’s sixth largest hotel chain - have signed a strategic global distribution partnership.
The agreement represents OYO's first distribution partnership with a bedbank company.
It means Hotelbeds' clients will have access to OYO's 18,000-plus franchised and leased hotels and over 10,000 homes and villas, across 10 countries - India, China, Malaysia, Nepal, the UK, UAE, Indonesia, the Philippines, Kingdom of Saudi Arabia and Japan.
Through the partnership, OYO Hotels and Homes will be able to distribute its hotel rooms via both the 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.
"Whilst they currently have an impressive 515,000 rooms, they're set to increase up to one 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.”
In October last year, Hotelbeds consolidated all of its brands in the wholesale channel – GTA, Tourico Holidays and Hotelbeds – under the name of Hotelbeds, phasing out Tourico Holidays and GTA brands.