Yahoo Finance Live anchors discuss Peloton’s partnership with U.S. Hilton hotels.
(Bloomberg) -- Fans of Peloton Interactive Inc. will have a new place to ride the company’s workout bikes: Hilton Worldwide Holdings Inc.’s 5,400 hotels in the US. The two companies announced Monday that Hilton will be the first chain to offer Peloton Bikes across all of its US branded hotels. The companies also said that members of the Hilton Honors rewards program will get a 90-day free trial to the digital Peloton app and $100 off a Bike, Bike+ or Tread purchase through Jan. 1. The standard P
All 5,400 of Hilton's U.S.-branded hotels will feature at least one Peloton bike by the end of the year, the companies said. The agreement comes after Peloton said last week that it would start selling its treadmills, exercise bikes and other fitness accessories at Dick's Sporting Goods Inc stores, in an effort to lift sagging sales. The fitness equipment maker, under CEO Barry McCarthy, has been looking to turnaround the business with a slew of steps such as job cuts, price hikes and listing its products on Amazon.com, among others.