Lido Group seals HRS deal
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.