Palma de Mallorca, Spain, 2016-Dec-23 — /Travel PR News/ — Fastpayhotels, the new B2B platform that pays for all reservations at the time of booking to meet the growing hotel demand for pre-paid rooms, announced today a partnership with TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue. Fastpayhotels will provide TravelClick Channel Management clients with the prepaid service payment for their rooms up to 390 days in advance of stays and with no refunds for cancellations.
Alex Gisbert, co-founder and CEO of Fastpayhotels, said that due to continuing growth and demand, it was key to connect with TravelClick as the business continues to grow its footprint globally.
“The Fastpayhotels B2B model continues to penetrate key hotel markets around the world. Adding the thousands of hotels that utilize TravelClick’s Channel Management solution helps us expand our reach and provides hotels with a critical way to capture revenue at the time the booking is made as opposed to after traveler completes his or her stay,” said Gisbert.
“Our goal is to help hotels drive revenue and know, acquire, convert and retain guests. As part of this mission, we understand the importance of leveraging dynamic distribution and rate technology and removing the pain of cancellations. We believe that adding Fastpayhotels to our growing list of partnerships will benefit the over 5,000 hotels using our Channel Management solution,” added Jerome Wise, Vice President, Enterprise, TravelClick.
Since its launch into the market earlier this year, Fastpayhotels has been adopted by more than 5,000 travel agents and more than 10,000 hotels in 70 countries.
Fastpayhotels’s model modernizes the relationship between hotels, travel agents and bed banks by replacing static, out-of-date rates with dynamic rates and availability. The model centers exclusively around prepaid, non-refundable rates, which Fastpayhotels says are now cheaper than FIT (Free Independent Traveler) rates or Best Available Rates (BAR), contributing to 40 percent of reservations that are made through travel agents.
Wise concluded, “TravelClick is pleased to offer Fastpayhotels as a direct connection for hotels to promote availability, rates and inventory while receiving reservations. The travel market is continuously changing, and the hotel distribution and wholesale model is evolving. Fastpayhotels is an exciting channel that will help hotels to improve their online revenue and profitability.”
TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. TravelClick enables over 38,000 hoteliers to drive better business decisions and know, acquire, convert and retain guests. The Company’s interconnected suite of solutions includes Business Intelligence, Reservations & Booking Engine, Media, Web & Video and Guest Management. As a trusted hotel partner with more than 30 years of industry experience, TravelClick operates in 176 countries, with local experts in 39 countries and 14 offices in New York, Atlanta, Bucharest, Chicago, Barcelona, Dubai, Hong Kong, Melbourne, Myrtle Beach, Orlando, Ottawa, Paris, Shanghai and Singapore. Additionally, the Company fosters more than 600 travel-focused partnerships for hotels to leverage. Follow TravelClick on Facebook, Twitter and LinkedIn.
Fastpayhotels is a first of a kind B2B distribution channel that breaks all the conventions of a traditional bed bank. Fastpayhotels guarantees improved cash flow and profitability for hotels across the world and is able to generate market beating availability and prices for travel agents. Fastpayhotels has hotels contracted in over 71 countries and is headquartered in Palma de Mallorca, Spain.
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