(From left): Brian Bridgewood, founder of The Lido Group; Tobias Ragge, CEO of HRS; Steve Mackenzie, CEO of The Lido Group
CORPORATE hotel booking platform HRS has expanded its global portfolio by investing in The Lido Group, an Australian business travel specialist.
This marks the OTA’s first foray into the Australian market, the seventh largest corporate accommodations market in the world.
The Lido Group is a corporate and government accommodation aggregator and provider of integrated payment solutions. It has about 6,700 Australian hotels in its portfolio and its network includes both large cities and more remote locations.
Said Tobias Ragge, CEO of HRS: “Thanks to the investment in The Lido Group and the expansion of our portfolio into Australia, HRS is now well-positioned in all of the world’s top business travel markets.”
With this deal, hotel partners associated with HRS will also gain access to a new pool of potential business travellers from Australia.
