HRS, the hotel solutions provider, has fully acquired The Lido Group, an Australia/New Zealand-based hotel technology and payments provider, following an initial minority investment three years ago. The Lido Group has a network of over 8,500 hotels in Australia and New Zealand, which includes access to more than half of the properties not currently represented in the global distribution system (GDS). The company, established in 1987, offers integrated hotel bookings and payment solutions to corporations and government agencies. It will be folded into HRS, with more than 60 staff moving into HRS’s new office in Sydney. Ana Pedersen, HRS Australia/New Zealand’s managing director, said HRS will continue to support and invest in Lido’s payments solution and explore its applicability to other regions in the world where payment automation practices may not be as mature. She said the merger is good news for a marketplace that is “increasingly aggressive in implementing automation and technology to maximize hotel costs and business traveler satisfaction.”