Tourico Holidays signs exclusive deal with Hyatt hotels
Wholesale travel brokerage Tourico Holidays has agreed a deal with Hyatt to pre-purchase more than 90,000 room nights at two of Hyatt’s landmark hotels.
Tourico will buy 44,000 room nights at Grand Hyatt New York and an additional 47,000 at Hyatt Regency Paris Etoile.
New York City is Tourico Holidays’ top selling market with 500,000 room nights sold during 2014, accounting for 23% of North America income.
Dermot Quigley, Executive Vice President of Global Product Development for Tourico Holidays says the agreement with both hotels allows agents to secure higher profit margins.
"By partnering with Hyatt Regency Paris Etoile and pre-buying a large quantity of room blocks, we can ensure that our clients have exclusive access to favorable room prices right in the heart of Paris – even during peak season," Quigley said.
Quigley said room nights in Paris have increased by 36% year-over-year so far in 2015 with more than 2,000 rooms sold per day on average.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026