Hotelbeds places its bet on Asia-Pacific growth
- Published: 8 Feb 2013 at 00.00
- Newspaper section: Business
Hotelbeds, the global accommodation wholesaler, expects tourism to grow in the Middle East and Asia-Pacific (Meapac) and plans to raise its hotel portfolio and distribution coverage to meet 40% sales growth over the next two years.
Meapac is the largest and fastest-growing area for Hotelbeds' business.
Its report said the compound annual growth of Asia as a destination from 2008-12 was 31%, compared with 14% for Europe and the Americas.
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