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MG Bedbank Achieves Record Levels of Business in Q4 2022


JAKARTA, INDONESIA; 14 February 2023

MG Bedbank, a leading B2B hospitality marketplace, announced today that it has achieved record levels of business in Q4 2022. The company reported that Q4 hotel sales were more than 50% above the same period pre-pandemic in 2019, with December 2022 vs. 2019 being up more than 100%.

"We are proud of the performance of our company in the fourth quarter of 2022," said President Director, Brett Henry. "Our focus on technology and differentiated service has paid off, as we've been able to outperform the industry during the recovery. The investment we made during the pandemic to design, develop and deliver our hospitality-specific b2b marketplace platform, MG Jarvis, has been instrumental in driving this growth."


The strong performance was not limited to the home market of Indonesia (up 95%), as bookings from across southeast Asia markets accelerated far beyond per-pandemic levels. Star growth markets for MG in the region included Vietnam (up 278%) and Philippines (up 139%).



"MG Bedbank has been a valuable partner for us," said, Chris Legaspi, Vice President Commercial of Archipelago International, Southeast Asia's largest privately owned hotel management group. "Their partnership based approach and new technology platform have allowed us to accelerate B2B sales throughout the recovery. . We are thrilled to see their success and look forward to continuing our partnership with them in the future."

MG Bedbank's commitment to providing innovative technology solutions and exceptional customer service has been key to its success, and the company is poised for continued growth in 2023.



ABOUT MG GROUP

MG Group is Building the Future of B2B Hospitality.

We do this by leveraging technology platforms to provide distribution and marketing services that drive sustainable, profitable growth for our hotels, corporations, and travel retailers. We are technology focused, but customer driven.


MG Bedbank is the Leading B2B Hospitality Marketplace.

We have thousands of direct hotels contracts across SE Asia and hundreds of thousands of global hotels via partners all dynamically distributed to our global retail network using the industry's first microservices based platform, MG Jarvis.



For more information:

Connect with us on LinkedIn.

Media Inquiries : tara.giovani@mgholidaygroup.com


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