Fastpayhotels Partners with SiteMinder to Meet Hotel Demand for Prepaid Rooms
April 13, 2016 8:47am
Dallas, US – New hotel distribution platform Fastpayhotels has today partnered with the hotel industry’s leading cloud platform, SiteMinder, to meet a growing demand from the hospitality industry for reservations to be paid at the time of booking. The partnership makes Fastpayhotels the only channel available through SiteMinder’s Channel Manager that provides hotels payment at time of booking 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, says that due to the B2B platform’s focus on dynamic rates and with ninety-nine percent of Fastpayhotels’ sales currently going through channel managers, it was an obvious decision to integrate with the hotel industry’s largest channel management platform.
“The global demand for Fastpayhotels is rapidly growing and we want to leverage the global supply provided by SiteMinder’s Channel Manager to fulfill that demand,” says Mr Gisbert.
“The role of travel agents today is at risk as hotels look to move away from slow-paying bedbanks, booking websites that display incorrect rates because they can’t be updated in real-time, and the inability to access the lowest room rates. Fastpayhotels removes these challenges and we are thrilled SiteMinder’s more than 20,000 hotel customers can now experience the benefits at commission levels below fourteen percent.”
Since its launch into the market earlier this year, Fastpayhotels has been adopted by more than 280 travel operators and more than 4,000 hotels in 21 countries, including Spain, where it quickly attracted local investors and is based in Palma de Mallorca.
Fastpayhotels’ model modernizes the relationship between hotels, travel agents and bed banks by replacing static, out-of-date rates with dynamic rates and availability.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), and contribute to forty percent of reservations made through travel agents.
Dai Williams, managing director – EMEA at SiteMinder, says, “The dynamics within the travel market have changed, and the hotel distribution and wholesale model is evolving. Fastpayhotels is an exciting channel with low costs that mean listed hotels can improve their online revenue and profitability. SiteMinder is pleased to offer Fastpayhotels as a direct connect for its hotel customers.”
the channel manager,
the booking button
As the leading cloud platform for hotels, SiteMinder allows hotels to attract, reach and convert guests across the globe. We serve hotels of all sizes with award-winning solutions for independents and groups alike, wherever they are in the world.
SiteMinder’s products include The Channel Manager, the industry’s leading online distribution platform; TheBookingButton, a wholly-branded booking engine for direct bookings via the web, mobile or social; Canvas, the intelligent website creator for independent hoteliers; and GDS by SiteMinder, a single-point of entry to a six-figure network of travel agents and the world’s major GDSs. With more than 20,000 hotel customers and 400 of the industry's top connectivity providers as our partners, today we have presence in more than 160 countries on six continents.
For more information, visit www.siteminder.com.
Contact: Maria Franco
+61 410 233 735
Fastpayhotels is a new B2B distribution platform launched in Spain in 2016. The company’s mission is to evolve the current relationship between hotels and travel agencies by offering a simple distribution platform that makes it easier for hotels to give the best rates and availability to agents, by paying the hotels on the day of booking, at a lower cost, without the threat of cancelation or modification. Over 4,000 hotels are currently signed up to the platform in over 21 countries and more than 280 operators are already using the software.
For more information, visit www.fastpayhotels.com.
Why Not List Your Hotel on Airbnb?
Bookings Rise for Peru's Most Influential Hotel Chain Following SiteMinder Deal
SiteMinder Lands Its 30,000th Customer in River Palace Hotel
New Study Finds Hoteliers Fear Robot-Run Future Yet Believe AI is Key to Guest Personalization
Airbnb Launches Global Hotel Technology Partnership to Support Boutique Hotels, Bed and Breakfasts
SiteMinder Unveils the Top 15 Revenue-Generating Booking Channels of 2017 for Hotels in the USA & Canada
Bin Majid Hotels & Resorts Enters Distribution Agreement With SiteMinder
Tourism Boom: How Spain's Hotels Are Capitalizing by Owning Their Supply
SiteMinder Named Among The Silicon Review's 50 Best Companies to Watch
SiteMinder Secures Atahotels as Group Remains in Prime Position to Capitalize on Italy's Tourism Boom
BridgeStreet Global Hospitality and SiteMinder Connect in Pivotal Strategic Relationship for Business Travel
SiteMinder Partners With PriceTravel Holding and Despegar, Says It Is Committed to Latin America's Hotels
Best Day Travel Group Signs with SiteMinder, Strengthens Offering to Hotels
Red Planet Hotels Begins Building Its Empire with SiteMinder
SiteMinder Brings GDS Representation In-House as Hotel Customers More Than Triple in One Year
VacayHome-SiteMinder Partnership Opens New Doors for Vacation Rental Property Managers
Why Hotel Distribution Is No Longer a Job, but a Button
MSI Solutions and SiteMinder Partner to Automate Distribution for CloudPM Hotel Users
Optimizing Your Online Channels: 9 Proven Ways to Make OTAs Work for You
SiteMinder Penetrates Latin America, Signs RQ Grupo Hotelero as 26,000th Hotel
Please login or register to post a comment.