The global hotel solutions provider HRS has invested in the Australian company The Lido Group, thus adding an additional 6,700 hotels in Australia to its portfolio through the partnership.
Australian companies frequently book their business travel accommodation online, with online hotel bookings representing 76% of its total market, making Australia the global leader in this area.
Tobias Ragge, CEO of HRS, when formally signing the contract in Sydney, said: “Australia is a very dynamic and progressive market.
“Thanks to the investment in The Lido Group and the expansion of our portfolio into Australia, HRS is now well-positioned in all of the world’s top business travel markets. We can also provide even better support to our customers when it comes to their worldwide travel programs.”
The Lido Group chief executive Steve Mackenzie added: “The partnership with HRS does allow The Lido Group to further accelerate its expansion.
“Both companies are also on strong growth trajectories propelled by their unique hotel content, cutting-edge technology and close relationships with valued corporate customers and leading TMCs.”