PALMA, Spain, 14 March 2022: Hotelbeds has cancelled all
bookings to Russia and Belarus for an initial three months and is waiving all
cancellation fees.

Hotelbeds CEO Nicolas Huss made the statement on Friday as
companies worldwide boycott or withdraw their business operations in Russia.

“As the situation in Ukraine becomes more devastating by the
day, our thoughts first and foremost are with our employees, their families and
friends, and with all our partners in Ukraine and beyond who are affected by
this devastating conflict.

“From a business perspective, it is becoming
increasingly complex to operate in the region, and so today (Friday), we have
announced that we are ceasing all commercial activities in Russia and Belarus
with immediate effect.

“We are continuing to provide as much support as we can to
them, as well as to the humanitarian efforts of the International Committee of
the Red Cross – ICRC.

“The human tragedy that is unfolding in Ukraine is
impossible to imagine for most of us, and so we join everyone in appealing for
a swift and peaceful end to this conflict.”

Hotelbeds is one of the world’s leading bed banks with a
portfolio of over 180,000 hotel properties that gain access to a network of
more than 60,000 B2B travel buyers such as tour operators, retail travel
agents, airline websites, and loyalty schemes in over 140 source markets

In addition to accommodation, Hotelbeds is also the world’s
largest B2B seller of travel ancillaries, offering 25,000 transfer routes and
18,000 activities, as well as attractions, tickets and car hire.

The company’s headquarters are in Palma, Spain.

(Source: Hotelbeds)