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Hotel firm to launch expansion plan

Tui Travel-owned firm Hotelbeds is planning to increase its profile as part of a five-year plan that will see it move into new destinations.

The Majorca-based company, which joined the Tui group after the merger with First Choice in 2007, is planning a travel recruitment drive to increase staff numbers by 18% as it aims for a 40% sales increase over the next five years.

Hotelbeds is also increasing its IT spending by 43% in a bid to increase the flexibility of its platform ahead of a push into new destinations in Asia and South America.

The firm is currently showcasing its decade in business at the World Travel Market trade show, which began on Monday.

Carlos Munoz, managing director of Hotelbeds, said: "Over the last 10 years we have been building to what we are now and we feel we have now become a global company and market leading within our industry.

"It's the right time to communicate this to the trade. Our clients will help us to grow our business in the future and so this is the right time to share our plans."


Copyright Press Association 2011

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