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Hotel solutions provider HRS has expanded into the Australian market after investing in The Lido Group.
Headquartered in Sydney, The Lido Group is a corporate and government accommodation aggregator and provider of integrated payment solutions. Its portfolio boasts some 6,700 hotels in Australia.
HRS said Australia offers huge potential with online hotel bookings representing 76 per cent of its total market.
“Australia is a very dynamic and progressive market," said Tobias Ragge, CEO of HRS. “Thanks to the investment in The Lido Group and the expansion of our portfolio into Australia, HRS is now well-positioned in all of the world's top business travel markets.
He added: “We can also provide even better support to our customers when it comes to their worldwide travel programs."
The Lido Group currently works with government organisations, such as the Queensland Government and government owned bodies such as Ergon Energy, as well as global providers inclduing American Express and Amadeus.
The Lido Group CEO Steve Mackenzie said: “The partnership with HRS does allow The Lido Group to further accelerate its expansion.
“Both companies are also on strong growth trajectories propelled by their unique hotel content, cutting-edge technology and close relationships with valued corporate customers and leading TMCs.”