More efficiency in corporate travel management: Refund of VAT in foreign hotels with hotel.info and VATit
London, 12. April 2012 – hotel.info, the free online service with more than 210,000 hotels worldwide, has now entered into a cooperation with VATit, one of the world's leading services for the refund of VAT abroad. hotel.info contracted customers who book over their tailor-made company application now have the opportunity to receive a refund of all VAT paid in other countries* by using VATit.
An additional potential for optimisation - even after the travel has taken place.
The area of responsibility of corporate travel managers is increasing all the time. Apart from the optimisation of processes before and during travel there is an increasing demand for more information after the business trip. Particular attention should be paid to the topic of VAT that is of relevance for hotel stays abroad amongst many other things.
Through the cooperation with VATit hotel.info helps its corporate customers to take advantage of this untapped potential for more efficiency in the area of hotel bookings. Should the hotel.info corporate customer already be working with VATit then hotel.info passes this information on to the hotel. Afterwards VATit takes responsibility for the whole refund process without any cost to the corporate client.
Saul Goldstein, CEO at the VATit Group, says: We are excited at the prospects of our partnership with hotel.de which will facilitate faster and more efficient refunds for travelers. This will translate into significant cost savings for these corporations.
Peter Hildenbrand, Head of Corporate Sales at hotel.info comments: „In VATit we have gained a further professional. In this way we are offering added value to our corporate customers and can thus expand our service beyond the mere booking of hotels. “
*At the moment the VAT refund through VATit is possible in countries of the European Union and, amongst others, also from Switzerland, Croatia, Australia and South Korea. Further information can be found at www.vatit.com.
www.hotel.info is a hotel reservation service for business and private customers offered free of charge. The service offers more than 210,000 hotels for electronic bookings around the world. Customers booking via hotel.info achieve significantly better prices in comparison with other booking channels. In addition, hotel.info shows all available room prices for each hotel, so that the customer can always select the cheapest or most suitable room price. All bookings via hotel.info are transferred simultaneously, securely and directly to the respective hotel’s computer. This guarantees the unique integration of each hotel’s own reservation system so-called CRS or PMS and hotel.de’s own reservation system myRES into the hotel.info unified user interface.
Using the experience of other hotel guests, customers seeking hotel rooms can base their decisions to book a room not only on the core information such as room price and hotel facilities, but also on the more than 2 million hotel evaluations and ratings submitted by hundreds of thousands of hotel guests from around the world. Compared with existing rating portals, hotel.info customers can rely on 100% genuine hotel ratings, since only customers who have booked and recently stayed in each hotel are asked for their opinion. hotel.info, the international brand of hotel.de AG, has been created in order to expand in markets in other countries. To acquire new customers and hotels abroad, offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome), China (Shanghai) and Singapore have already been opened. The high percentage of international business travellers facilitates the Company's entry into new markets. The aim is to establish hotel.info as the leading online hotel reservation service for business as well as private customers.
VATit Service offering
VATit is a global, cross-border VAT specialist, with offices strategically placed all over the world, throughout Europe, Asia, Australia and Africa. This global infrastructure allows the VATit Group to take advantage of the full spectrum of reclaim opportunities and service over 12 000 clients worldwide – from small and medium sized businesses to some of the world’s largest multinational companies.
Our core business is cross border VAT recovery from the EU, Australia and Japan. Every single one of our employees is dedicated to providing our clients with a superior, professional service. This includes consulting, foreign registrations, compliance and training. The Group leverages very good working relationships with international tax offices and suppliers to ensure the most efficient and hassle-free service.
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