LONDON--(BUSINESS WIRE)--Tourico Holidays, the world’s fastest growing wholesale travel brokerage company, today announced a new distribution partnership with loveholidays, the fastest growing online travel agency in the UK. The London-based travel company specializing in matching consumers with their dream holidays will now be able to offer Tourico’s vast inventory of hotels in the United States and the Caribbean as demand for each region grows. Tourico also provides loveholidays with hotels in Spain, Portugal, and Mexico.
According to Tourico’s latest data, United Kingdom hotel bookings to the United States surged by more than 10 percent in 2016 compared to the prior year. During that same time, UK bookings to Caribbean countries like Aruba (+93 percent), Barbados (+79 percent), Dominican Republic (+85 percent), Jamaica (+118 percent), Bermuda (+111 percent), and Turks and Caicos (+76 percent), also significantly increased.
Tourico Holidays has nearly 30,000 hotels contracted in the United States and over 1,000 more in Caribbean countries. The company’s remarkable buying power enables the wholesaler to secure industry-leading pricing that it can pass on to its distribution clients, like loveholidays. Tourico also pre-purchases large hotel room blocks, offering clients “ExclusiveDeals” that guarantee discounted rates of up to 60 percent off retail.
“We’ve seen a healthy demand for transatlantic trips from our customers, and by integrating Tourico’s massive portfolio of U.S. and Caribbean hotels, we’re better positioned for fulfillment,” said Theo Demetriou, the Purchasing Director for loveholidays. “The new partnership will help loveholidays grow incrementally, in a sustainable manner, while continuing to put our customers first.”
loveholidays – which was recently recognized by The Sunday Times as the second fastest-growing private company in the UK – allows travelers to find and compare holiday trips without having to enter specifics, like dates or destination. The proprietary online search platform enables consumers to search by what matters – including by budget, star rating, temperature, and TripAdvisor ratings. The company also provides flexible payment options, in a bid to make holidays more affordable for everyone.
“loveholidays is the perfect example of how a growing travel business can be nimble and resourceful to capitalize on shifts in the marketplace,” said Emma Weber, the Director of Sales in the UK, Ireland, and Scandinavia for Tourico Holidays. “They recognized that UK travelers were seeking U.S. and Caribbean vacations, so they quickly engaged with Tourico, and now they’re delivering thousands of hotel options at prices you can’t find anywhere else.”
About Tourico Holidays
Tourico Holidays is a leading global travel distribution company that contracts directly with travel providers, such as hotels, flights, cruise lines, attractions, car rentals, vacation homes and more. Tourico Holidays works on a high-volume, wholesale model to broker this inventory to over 4,900 clients in 100 countries using proprietary technology.
Launched in 2012, loveholidays is the fastest growing online travel agency in the UK, offering a wide range of holidays to short and long-haul destinations. loveholidays is an ABTA member and provides ATOL protection to customers as well as a price match guarantee. The company’s current ATOL license is for 400,000 passengers making it the 9th largest travel agent in the UK. The website is at www.loveholidays.com.