Kuoni benefits from ‘bedbank’ business
Kuoni has said its purchase of Gullivers Travel Associates last year has helped it tap into the growing online business.
Chief executive Peter Rothwell told the Times that the deal has helped the tour operator grow its ‘bedbank’ business where it links hotels to travel agents, tour operators and airlines looking for accommodation.
He said it made the business model ‘super efficient’, pushing it further away from traditional tour operating.
GTA is now part of Kuoni’s Global Travel Services division where travellers and travel firms can buy hotel rooms, transfers and sightseeing tours online.
Rothwell added that it was no longer essential for the company to have tour operating businesses in Italy and Spain and that Swiss-owned Kuoni could sell these.
He said Kuoni, unlike TUI and Thomas Cook, was not weighed down by debt which he says is due to Swiss caution.
Diane
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