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HBX Group

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From Wikipedia, the free encyclopedia
(Redirected from Hotelbeds)
HBX Group
FormerlyHotelbeds
TypePublic company
BMAD: HBX
IndustryTravel technology
Founded2001 (2001)
Headquarters
Palma, Majorca
,
Spain
Area served
Worldwide
Key people
Nicolas Huss (CEO)
Number of employees
Approximately 3,700
Websitewww.hbxgroup.com

HBX Group is a global travel technology company headquartered in Palma, Mallorca, Spain. The company provides distribution and technology services to the travel industry.[1][2]

Business Overview

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HBX Group owns and operates a business-to-business (B2B) marketplace that connects various travel industry stakeholders:[3]

  • Travel suppliers: Hotels and accommodation providers, car rental companies, transfer services, theme parks, attractions, and activities.
  • Travel distributors: Online marketplaces, tour operators, travel advisors, airlines, loyalty programs, destinations, and other travel sellers.

The company's core business model involves negotiating preferential rates and room allocations with hotels globally, then distributing these accommodations to partners through its technology platform. HBX Group generates revenue through the markup between negotiated rates and selling prices to distributors.

The company maintains a portfolio of over 250,000 hotels, processing approximately 46 million room nights annually, and has agreements with 500 rental car suppliers and 23,000 experiences providers.[4]

History

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Early Years (2001-2016)

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Hotelbeds logo
Hotelbeds HQ

The company's origins go back to 2001, as a unit of First Choice Holidays PLC.[5] 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.[6][7]

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.[8]

Private Equity Ownership (2016-today)

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In April 2016, private equity firms Cinven and CPPIB acquired the company for approximately €1.2 billion.[9][10][11] Under private equity ownership, the company grew through strategic acquisitions, enhanced its digital infrastructure and booking platforms, and developed new market segments.[12][13][14] In 2017, Tourico Holidays and GTA Travel were purchased and integrated in 2018.[15]

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.[16][17]

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.[18]

In January 2025, HBX Group announced plans for an initial public offering (IPO) on the Spanish stock exchange (Bolsa de Madrid).[19][20][21][22][23]

Business Divisions

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HBX Group operates through three main brands:

  • Hotelbeds: The company's flagship brand is a primary hotel distribution platform, serving travel wholesalers, tour operators, and travel agencies, mainly via its API ecosystem.
  • Bedsonline: A web-based booking platform specifically designed for travel advisors and retail travel agencies. Bedsonline offers travel products including accommodations, transfers, activities, and car rentals.
  • Roiback: A technology solutions provider specializing in direct distribution for the hospitality industry (website development, booking engine, and digital marketing).

References

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  1. ↑ Catà Figuls, Josep (7 June 2023). "Uno de los mayores bancos de camas de hotel es español y está en venta". El País. Retrieved 10 June 2023.
  2. ↑ Delle Femmine, Laura (2016-01-25). "Estas son las agencias de viajes 'online' que llenan los hoteles españoles". El País (in Spanish). Retrieved 2023-06-11.
  3. ↑ Levingston, Ivan; Jopson, Barney (January 16, 2025). "Travel group HBX to test Europe's IPO market with Spanish listing". Financial Times. Retrieved January 29, 2025.
  4. ↑ Molina, Carlos (January 9, 2025). "Qué y quién está detrás de Hotelbeds, el mayor banco de camas del mundo que quiere salir a Bolsa por 5.000 millones" [What and who is behind Hotelbeds, the world's largest bed bank that wants to go public for 5 billion]. Cinco Días (in Spanish). Retrieved January 29, 2025.
  5. ↑ "Hotelbeds brand launched the 'Destination services' in the Americas - Noticias de turismo - arecoa.com" (in Spanish). Retrieved 2025-12-06.
  6. ↑ reporter, Majorca Daily Bulletin (2015-12-22). "TUI puts Hotelbeds up for sale". Majorca Daily Bulletin. Retrieved 2025-12-06.
  7. ↑ "First Choice, TUI complete merger". www.travelweekly.com. Retrieved 2025-12-06.
  8. ↑ Salces Acebes, Laura (2014-06-05). "Hotelbeds, supermercado de habitaciones de hotel". El País - Cinco Días (in Spanish). Retrieved 2023-06-11.
  9. ↑ Walsh, Dominic (25 April 2016). "Private equity heads the queue for 1bn Hotelbeds". The Times. Retrieved 10 June 2023.
  10. ↑ Acebes, Laura Salces (28 April 2016). "Cinven compra Hotelbeds por 1.165 millones". El País - Cinco Días. Retrieved 10 June 2023.
  11. ↑ Abril, Inés (2019-04-14). "Los dueños de Hotelbeds endeudan la compañía para pagarse un dividendo de 490 millones". Expansión. Retrieved 2023-06-11.
  12. ↑ Walsh, Dominic (25 April 2016). "Private equity heads the queue for 1bn Hotelbeds". The Times. Retrieved 10 June 2023.
  13. ↑ Acebes, Laura Salces (28 April 2016). "Cinven compra Hotelbeds por 1.165 millones". El País - Cinco Días. Retrieved 10 June 2023.
  14. ↑ Abril, Inés (2019-04-14). "Los dueños de Hotelbeds endeudan la compañía para pagarse un dividendo de 490 millones". Expansión. Retrieved 2023-06-11.
  15. ↑ "Hotelbeds, el mayor supermercado de camas de hoteles". El País - Cinco Días. 25 April 2017. Retrieved 10 June 2023.
  16. ↑ Marco, Agustín (2020-04-02). "Cinven rescata la española Hotelbeds, el mayor banco mundial de camas, con 400 M". El Confidencial. Retrieved 2023-06-11.
  17. ↑ Abril, Inés (2020-12-18). "Cinven, EQT y CPPIB negocian inyectar 175 millones a Hotelbeds". El País - Cinco Días (in Spanish). Retrieved 2023-06-11.
  18. ↑ Arroyo, Rebeca (2021-05-05). "Nicolas Huss Succeeds Joan Vilà at Hotelbeds". Expansión. Retrieved 2023-06-08.
  19. ↑ Gonzalez, Andres; Crowley, Amy-Jo (January 7, 2025). "HBX Group poised to launch around $1bn IPO in coming weeks, sources say". Reuters. Retrieved January 29, 2025.
  20. ↑ Mayo Cerqueiro, Pablo (January 16, 2025). "Travel Tech Firm HBX Group Announces Plans for Spain IPO". Bloomberg. Retrieved January 29, 2025.
  21. ↑ Bravo, Pepe (January 17, 2025). "Hotelbeds se prepara para lanzar mañana su salida a Bolsa de 5.000 millones" [Hotelbeds prepares to launch its 5 billion IPO tomorrow]. Expansión (in Spanish). Retrieved January 29, 2025.
  22. ↑ Bayón, Álvaro; Cruz Peña, Juan (January 16, 2025). "Hotelbeds confirma su intención de salir a Bolsa para levantar al menos 725 millones de euros" [Hotelbeds confirms its intention to go public to raise at least 725 million euros]. Cinco Días (in Spanish). Retrieved January 29, 2025.
  23. ↑ Rodríguez, Carlos (January 16, 2025). "HBX (Hotelbeds) saldrá a bolsa en España en febrero y colocará 726 M para reducir su deuda" [HBX (Hotelbeds) will go public in Spain in February and will place 726M to reduce its debt]. El Confidencial (in Spanish). Retrieved January 29, 2025.
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