Eco Hotels And Resorts Partners with Riya Travels to Boost Global Distribution Network
Eco Hotels and Resorts Limited has announced a strategic partnership with Riya Travel & Tours, recognized as one of India's prominent travel and aviation service providers. This collaboration marks a key development in Eco Hotels' growth strategy, aiming to broaden its global reach and strengthen its distribution network across both domestic and international markets.Through this alliance, Eco Hotels gains access to the Riya Group's extensive B2B ecosystem. This includes support for over 75,000 travel agents via the proprietary platform named Riya Connect.
The partnership also involves integrating Eco Hotels' offerings with Riya Holidays, the Group's leisure vertical celebrated for its curated travel experiences. This integration is expected to place Eco Hotels' portfolio before a wider and more diverse customer base across Riya's global and domestic platforms. This move aligns with Eco Hotels' focus on an asset-light and distribution-led growth strategy, which intends to maximize occupancy, improve revenue per available room (RevPAR), and expand brand reach without necessitating significant capital expenditure.
Furthermore, the association with Riya's substantial presence in the corporate travel sector will benefit Eco Hotels' MICE and corporate offerings, thereby enhancing both banquet business and room occupancy throughout the year.
Mr. Vinod Kumar Tripathi, Chairman of Eco Hotels and Resorts Limited, commented on the alliance, stating that the collaboration is a significant step toward making sustainable hospitality more accessible to a wider audience. He expressed confidence that with Riya's extensive network and technological capabilities, Eco Hotels will successfully reach new markets and deliver its eco-conscious hospitality experience to travelers across India and globally, promoting responsible tourism while driving growth for all stakeholders.
The strategic alliance reinforces Eco Hotels' commitment to scaling its sustainable hospitality model and solidifying its standing within the evolving travel and tourism industry.
Stock Price Movement
As of 1:31 PM, Eco Hotels And Resorts Ltd is ticking up, currently sporting a price of ₹12.00, climbing 9.09%. Shares navigated a significant intraday swing, finding themselves between a low of ₹10.55 and a peak of ₹12.10.Source:
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