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Deal officially signed by Hyatt and Expedia
As Hyatt affirmed, it has formalised a new deal with Expedia and thus finally dispelled all doubt as to the extension of the two companies' sales agreements. On Friday, a spokesman for the Chicago-based Chicago hotelier made the following statement: Expedia's staff worked quickly and efficiently with us, and we look forward to continuing our long-standing relationships with Hyatt Hotels without disruption across all Expedia platform channels.
Because we are expanding the service promise for our Hyatt direct bookers, we also work with third parties to help us get our customers who may not be traveling a lot or otherwise have a need to make bookings through these pages. Hyatt spokesman's commentary reflects what Hyatt CEO Mark Hoplamazian said during a second quarterly win with investors .
"We recognise the value of on-line tour operators that keep an eye on Hyatt for customers," he added, adding Hyatt's new deal with Booking.com and the company's then outstanding commitment to continuing its relationship with Expedia.
Mention of real estate properties that prefer Hyatt comes because Expedia has tried to create a gash between Hyatt and its properties, with the argument that their overall cost and charges for an Expedia reservation would be lower. That is a proposition Hyatt does not agree with. Both Hyatt and Expedia's stony path to a new deals began early this year when Hyatt informed its hospitality operators of the option that their properties could not be marketed through Expedia if the two firms were not able to make a favourable new arrangement.