Hotelbeds
Travel technology company based in Palma, Mallorca, Spain
From Wikipedia, the free encyclopedia
Hotelbeds is a travel technology company based in Palma, Mallorca, Spain that operates a distribution channel for lodging businesses.[1][2]
Hotelbeds logo | |
 Hotelbeds' head office in Palma | |
| Formerly | TUI Travel A&D |
|---|---|
| Company type | Private company |
| Industry | Travel technology |
| Founded | 2001 |
| Headquarters | , |
Area served | Worldwide |
Key people | Nicolas Huss (CEO) |
Number of employees | 5,000 (2023) |
| Website | www |
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]
