23rd Nov 2005 16:46
Ryanair Holdings PLC23 November 2005 RYANAIR ANNOUNCES NEW, LONG-TERM AGREEMENT WITH NEEDAHOTEL.COM Ryanair, Europe's No 1 low fares airline today (Wednesday, 23rd November 2005)announced the signing of a new, long-term, hotel supply agreement withNeedaHotel.com, its current supplier. This agreement, which extends the highlysuccessful commercial relationship between both companies for a minimum of afurther 5 years, will further increase Ryanair's market share in this sector andhelp in its continuing drive to increase ancillary revenues above passengernumbers passing on the savings to Ryanair passengers in the form of lower fares. Announcing the deal in Dublin today, Ryanair's Deputy Chief Executive, MichaelCawley, said: "We are delighted that we have signed a new, extended agreement with our existing supplier, NeedaHotel, whose inventory supplier is GTA which is owned by Cendant Corporation. Our established successful relationship has been further enhanced by the terms of this agreement and underpins our objective of increasing this important part of our ancillary revenues at rates well in excess of the growth in passenger numbers. The long-term nature of this deal also secures this business beyond the time-scale recently announced for doubling our passenger numbers to 70M. Ryanair passengers can look forward to great value hotel accommodation at all Ryanair destinations." Ends.Wednesday, 23rd November 2005 For reference: Peter Sherrard Pauline McAlesterRyanair - Tel: +353-1-8121228 Murray Consultants - Tel: +353-1-4980300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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