Travelport-connected travel agencies will benefit from up to 6,000 additional hotel properties in India
New Delhi, 14 July 2016: Travelport (NYSE:TVPT) – a leading travel commerce platform – and OYO – India’s largest network of hotels – today announced a new agreement whereby 6,000 hotel properties offered by OYO will be made available through Travelport’s Travel Commerce Platform to its travel agency users, both in India and around the world. OYO currently operates in more than 180 Indian cities, including Delhi, Jaipur, Mumbai, Bengaluru and Goa.
The agreement with OYO is the latest example of Travelport responding to the needs of its agents to add the hotel content they need in their local regions. It also responds to the needs of hoteliers by giving them access to the international travel booking industry. Once on Travelport’s Travel Commerce Platform, travel agents globally have access to the hotel content through their normal workflow, eliminating time-consuming and inefficient bookings across different channels.
Travelport’s Travel Commerce Platform connects hotel providers and independent properties to its 68,000 connected agencies worldwide, in turn, offering travellers more hotel choices as Travelport now offers 650,000 unique hotel properties.
Kavikrut, Chief Growth Officer, at OYO said: “We are pleased to partner with Travelport and take our offerings to a wider audience. Both OYO and Travelport are recognised for leveraging innovative technology capabilities. We are confident of utilising this synergy to unlock new growth areas for both partners.”
Niklas Andreen, SVP of Hospitality at Travelport, said: “We are delighted to welcome OYO to Travelport. This is an exciting partnership and one that forms part of our ongoing strategy to extend our hotel offerings. Our industry-leading connectivity enables us to directly acquire specific hotel content, as well as requested local hotel chains and individual properties, and we are looking forward to continuing to expand our offerings in this area throughout the year.”
About Travelport (www.travelport.com)
Travelport is a Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. With a presence in approximately 180 countries, over 3,700 employees, and an additional 1,200 employees at IGT Solutions Private Ltd who provide us with application development services, our 2015 net revenue was over $2.2 billion.
Travelport is comprised of:
· A Travel Commerce Platform through which it facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport has a leadership position in airline merchandising, hotel content and rate distribution, mobile travel commerce and a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.
· Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.
Travelport is headquartered in Langley, UK. The Company is listed on the New York Stock Exchange and trades under the symbol ‘TVPT’.
About OYO
Founded by Ritesh Agarwal – India’s first graduate of the Thiel Fellowship – OYO currently operates in more than 180 Indian cities. These include major metros, regional hubs, top leisure destinations, as well as pilgrimage towns. OYO is also present in Malaysia.
The Company’s vision is to become the world’s most preferred and trusted hotel brand. It is backed by the world’s leading investors, including the SoftBank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India.
OYO has grown to become India’s largest branded network of hotels and partners with IRCTC, Airtel, Samsung, Lenovo, Biotique, Cleartrip, Itzcash, FreeCharge, Mobikwik, Peppertap and Grofers to deliver a seamless and standardized experience to guests.