World-leading bedbank Hotelbeds has inked a first-of-its-kind accommodation distribution agreement with CU Travel, the official travel partner of the credit union industry in the United States.
This means that the 180,000 contracted Hotelbeds properties worldwide, for whom the bedbank markets rooms to consumers, can now gain bookings from CU Travel’s 12 million users.
This follows a push from Hotelbeds to work with more closed-user groups, for example points redemption schemes, employee benefits programs and loyalty cards.
Reservations from this channel more often come from long-haul markets, book further in advance, pay higher rates, cancel less, stay longer, spend more in destination, and return more frequently.
Jason Soss, global head of strategic partnerships, Bedbank at Hotelbeds states: “I just know that our 180,000 hotel partners around the world will be hugely excited to hear that we will be working with CU Travel.
“Hoteliers everywhere are always looking for new ways to access incremental, high-value bookings from channels that they couldn´t access easily themselves. What better way to do that than through accessing the 120 million members of credit unions across the United States?
“We’ve been working hard over the last few years to offer our hotel partners access to more and more closed-user groups, such as CU Travel, and I´m pleased to confirm that we now have over 50 such partners, including loyalty cards, points redemption programs, and employee benefit schemes.”
Mike Neill, CU travel board member and founder of ServiStar Consulting, commented: “Credit Unions are known for providing tremendous value to their loyal members through great products, as well as personalized customer service.
“Our strategy is to help credit unions expand their reach by offering a great product – over 180,000 hotel properties worldwide, many sourced under exclusive terms at the best prices – for their members whilst generating both interest and non-interest income. It’s the ultimate win-win!”