Global Travel Wholesaler Pre-Buys 47,000 Room Nights in Paris
Tourico Holidays, a global leader in wholesale travel brokerage, today announced that it has agreed to terms to pre-purchase 47,000 room nights at Hyatt Regency Paris Etoile, providing Tourico clients with exclusive selection and prices on hotel rooms at the four-star hotel in Porte Maillot. The current partnership with Hyatt Regency Paris Etoile will run through February 2017.
"By partnering with Hyatt Regency Paris Etoile and pre-buying a large quantity of room blocks, we can ensure that our clients have exclusive access to favorable room prices right in the heart of Paris even during peak season," said Dermot Quigley, Executive Vice President of Global Product Development for Tourico Holidays. "Tourico is not only offering clients unbeatable prices that they can pass on to their customers, we are also allowing clients to sell this unique inventory at a higher profit margin."
In 2015, Tourico Holidays' bookings in Paris have increased by 25% year-over-year and room nights in the city have increased by 36% year-over-year. Paris accounted for 4% of Tourico's global income in 2014 and 16% of the company's income in Europe, Middle East, and Africa. Tourico has 425 active hotel supplier contracts in Paris with an average of 2,100 rooms sold per day. Due to the high volume of business in the city, Tourico opened a Paris office in 2014 ensuring supplier partners have nearby employees dedicated to distributing product throughout the world.
The 4 star Hyatt hotel is located just minutes from both the Arc de Triomphe and the world-famous Champs Élysees, and is within easy reach of the impressive La Defénse complex. Aside from its great location, the 34-story hotel offers truly unique views over Paris, especially of the Eiffel Tower, from its 950 elegant rooms and suites, and from its panoramic Bar La Vue.
About Tourico Holidays
Tourico Holidays is a leading global travel distribution company that contracts directly with travel providers, such as hotels, flights, cruise lines, attractions, car rentals, vacation homes and more. Tourico Holidays works on a high-volume, wholesale model to broker this inventory to over 4,600 clients in 100 countries using proprietary technology.
About Hyatt Regency Paris Etoile:
Hyatt Regency Paris Étoile, stands as one of the best hotels in Paris. Redefined to meet the needs of discerning business and leisure travellers, our elegant Hyatt Regency Paris Étoile hotel offers exemplary service, comfort and amenities, ensuring that every guest enjoys the very best that Paris has to offer. As well as restaurants, luxury boutique shopping and exclusive bars, guests can also keep in shape and enjoy stunning views over the city at the fully equipped Fitness Centre on the 34th floor.
About Hyatt Regency
Hyatt Regency is an energizing hotel brand that connects travelers to whom and what matters most to them. More than 140 conveniently located Hyatt Regency urban and resort locations in over 30 countries around the world serve as the go-to gathering space for every occasion from efficient business meetings to memorable family vacations. The brand offers a one-stop experience that puts everything guests need right at their fingertips. Hyatt Regency hotels and resorts offer a full range of services and amenities, including notable culinary experiences; technology-enabled ways to collaborate; the space to work, engage or relax; and expert planners who take care of every detail. For more information, visit hyattregency.com or facebook.com/HyattRegency.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150622006020/en/
Contacts:
Press Contact for Tourico Holidays:
Tailwind PR
Pete Bahrenburg, 802-497-1932
pete@tailwindpr.com
or
Press Contact for Hyatt Regency Paris Etoile:
Roxane Rajabali
Roxane.rajabali@hyatt.com