Youhotels.com moves to agency status

Following a review of the current marketplace and consultation with key clients, Youhotels.com has announced it will be switching from principal status to agency status early this year. Following a review of the current marketplace and consultation with key clients, Youhotels.com has announced it will be switching from principal status to agency status early this year.

The announcement brings the accommodation-only supplier in line with the majority of UK-based bed banks and reflects the changing attitudes to principal status within the industry.

The company's UK managing director,?Matt Cheevers, said: ?We are one of the last remaining accommodation-only suppliers to operate as a principal and it no longer makes business sense to continue to do so. We can?t continue to offer our clients fantastic prices if we have to absorb the costs associated with principal status.