Thomas Cook signs hotel deal with Webjet
Under the agreement, Sunhotels - Webjet's European online accommodation business - will take responsibility for sourcing and contracting hotels that account for the majority of Thomas Cook's complementary business.
The company said this builds on the partnership Sunhotels already has with Thomas Cook in its Nordic markets.
As part of the deal, Thomas Cook will transfer around 3,000 hotel contracts from across the group to Sunhotels. These will be added to Sunhotels's existing hotel inventory of 75,000 hotels, which will also be offered to Thomas Cook as part of the agreement.
CEO Peter Fankhause said: "Entering this new relationship with Webjet will transform the way in which Thomas Cook offers a wide choice of hotels to customers.
"It provides us with a low-cost production platform for our complementary offer across all our source markets, enabling us to streamline our systems and processes while at the same time ensuring greater certainty over the quality of hotels that we offer our customers.
"This frees us up to focus on growing our differentiated holiday offering, the area where we know Thomas Cook can really make a difference." ■