Report: Hotelbeds From TUI Travel to Expand

Reuters reports that accommodation wholesaler Hotelbeds, which is owned by European tour operator TUI Travel PLC, is planning to expand in the Americas and Asia following an expectation of a 25 percent rise in sales this year.

"At this particular time there are not that many businesses that have this kind of growth rate. We have always had a global appetite, the world is our market place," Joan Villa, managing director of TUI Travel’s accommodation and destinations, said to Reuters in an interview.

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