LONDON, Aug 18 (Reuters) - British holiday company ThomasCook said on Thursday it had signed a supply deal withWebjet for the Australia-based online digital travelservices firm to source and contract hotels for a non-core partof its business.
It said Webjet will pay Thomas Cook 21 million pounds ($27million) to enter the supply agreement and the British companywill transfer around 3,000 hotel contracts to Sunhotels,Webjet's European online accommodation business.
Thomas Cook, which last month cut its profit forecast asEuropeans changed their holiday plans due to security worries,said the partnership extended an existing deal and would resultin cost savings by reducing complexity in its business.
The Webjet deal will cover Thomas Cook's "complementary"holiday business, leaving it to focus on its main business, itshigher-margin, own-brand offering. ($1 = 0.7656 pounds) (Reporting by Sarah Young; Editing by Greg Mahlich)
