Tourico Holidays, a global leader in wholesale travel brokerage, today announced that it has agreed to terms to pre-purchase 47,000 room nights at Hyatt Regency Paris Etoile, providing Tourico clients with exclusive selection and prices on hotel rooms at the four-star hotel in Porte Maillot. The current partnership with Hyatt Regency Paris Etoile will run through February 2017.
“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,” said Dermot Quigley, Executive Vice President of Global Product Development for Tourico Holidays. “Tourico is not only offering clients unbeatable prices that they can pass on to their customers, we are also allowing clients to sell this unique inventory at a higher profit margin.”
In 2015, Tourico Holidays’ bookings in Paris have increased by 25% year-over-year and room nights in the city have increased by 36% year-over-year. Paris accounted for 4% of Tourico’s global income in 2014 and 16% of the company’s income in Europe, Middle East, and Africa. Tourico has 425 active hotel supplier contracts in Paris with an average of 2,100 rooms sold per day. Due to the high volume of business in the city, Tourico opened a Paris office in 2014 – ensuring supplier partners have nearby employees dedicated to distributing product throughout the world.
The 4 star Hyatt hotel is located just minutes from both the Arc de Triomphe and the world-famous Champs Élysees, and is within easy reach of the impressive La Defénse complex. Aside from its great location, the 34-story hotel offers truly unique views over Paris, especially of the Eiffel Tower, from its 950 elegant rooms and suites, and from its panoramic Bar La Vue.