Lido Group seals HRS deal

Travel Bulletin - - ISSUES & TRENDS -

THE Lido Group has been a quiet achiever of the Aus­tralian ac­com­mo­da­tion scene, work­ing over the last few years to build a strong net­work of cor­po­rate and gov­ern­ment ac­com­mo­da­tion of­fer­ings as well as pay­ment pro­grams. The com­pany, which cur­rently works with more than 9,000 ho­tels across Aus­tralia and New Zealand, is set to launch onto the global stage, with Ger­man group HRS late last month an­nounc­ing it had taken a mi­nor­ity share­hold­ing in the com­pany.

HRS, which of­fers end-to-end ho­tel man­age­ment so­lu­tions to more than 3,000 busi­nesses glob­ally with clients such as Google and Alibaba, has more than 1,600 staff in 25 of­fices world­wide. Ef­fec­tive im­me­di­ately, Lido and HRS will work to­gether to share ho­tel con­tent, in­te­grate tech­nol­ogy so­lu­tions and jointly ser­vice global cus­tomers, both di­rectly and in part­ner­ship with key travel man­age­ment com­pa­nies.

Lido CEO Steve Macken­zie told trav­el­bul­letin the deal had been fa­cil­i­tated by clear cul­tural and busi­ness syn­er­gies, with both com­pa­nies on “strong growth tra­jec­to­ries pro­pelled by their unique ho­tel con­tent, cut­ting edge tech­nol­ogy and close re­la­tion­ships with val­ued cor­po­rate cus­tomers and lead­ing TMCS”.

Mean­while HRS chief ex­ec­u­tive Tobuias Ragge said the in­vest­ment in Lido was a ma­jor mile­stone in the com­pany’s ex­pan­sion, al­low­ing it to tap into the Aus­tralian mar­ket for cor­po­rate ac­com­mo­da­tion which is the sev­enth largest world­wide.

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