News

Fastpayhotels Launches B2B Hotel Distribution Website

Fastpayhotels Launches B2B Hotel Distribution Website

Fastpayhotels has launched as a new hotel distribution platform and an alternative B2B operator that pays all reservations at time of booking, up to 390 days in advance. The business focuses exclusively on the sale of non-refundable rates.

The company, backed by Spanish investors, launches with over 2,000 hotels and is on track to offer over 6,000 hotels to the trade at the start of the summer season. Fastpayhotels has hotels contracted in over 21 countries and is headquartered in Palma de Mallorca, Spain.

“Our new model modernises the relationship between travel agents, bed banks and hotels worldwide,” said Alex Gisbert, Chief Executive, who was previously International Managing Director at the Lowcosttravelgroup. “Non-refundable prepaid rates are already the cheapest option at most hotels and better value than BAR rates and even traditional tour operator rates. Fastpayhotels’ system, which pays at time of booking, enables agents to have access to what is undoubtedly the best price for any hotel stay.

“Market dynamics have changed. Slow paying bed banks, incorrect use of rates on metasearch sites, and inability to access the cheapest rates at each hotel puts the competitiveness of travel agencies at risk in the long term. Fastpayhotels proposes a simple approach: if we improve the commercials for hotels, we will be able to offer better rates and availability to customers.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

What’s Another Green List?

Neil SteedmanSeptember 22, 2020

Unprecedented Industry Appeal to EC President to End Quarantines and Develop Common EU Testing Protocol

Neil SteedmanSeptember 22, 2020

Register NOW for Distinctly Thai’s Luxury & Romance Virtual Mart

Neil SteedmanSeptember 22, 2020

FCm Survey Reports Slow Recovery in Business Travel

Neil SteedmanSeptember 22, 2020

Cork is First Irish Airport to Achieve ACI Airport Health Accreditation

Neil SteedmanSeptember 22, 2020

WTTC Safe Travels Scheme Reaches 100 with the Philippines

Neil SteedmanSeptember 22, 2020

Jennifer Catto Appointed Chief Marketing Officer at Travelport

Neil SteedmanSeptember 22, 2020

Emirates offers year-long benefit to students and their families

Michael FloodSeptember 22, 2020

British Airways offers a million seats for under £35

Michael FloodSeptember 22, 2020

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland