The utopia of the b´s
Fastpayhotels
by Fastpayhotels
3y ago
Wake up, it´s 2021! Are you sure that segmenting your distribution strategy between B2B and B2C is still valid? The same person you are talking to for your distribution knows how to apply your strategy to different levels? In a world where every OTA is looking at redistributing inventory to gain market share, diversify benefits or simply cannibalize itself, where some TO are now fully digitalized, where Prime memberships will make opaque, more opaque, are you sure you know were your rates are going? Have a look… The Utopia of the BsDownload ..read more
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Fastpayhotels absorbs North America Destinations´ Hotel Distribution Business
Fastpayhotels
by Fastpayhotels
3y ago
Through this new association, Fastpayhotels will distribute its hotels to more than 300 new clients on the American continent. North America Destinations remains market leader of attraction ticket sales and ground services. Palma and Orlando- February 8 2021 – Fastpayhotels, the B2B accommodation distribution platform, announced today its agreement to absorb all distribution contracts, hotels and technology connections from North America Destinations. Through this agreement, more than 300 clients in the USA, Canada, Brazil, Argentina, Chile, Paraguay, Uruguay and Colombia will begin to benefit ..read more
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Mapping with Cyrene
Fastpayhotels
by Fastpayhotels
3y ago
Cyrene is a property mapping code that was invented by Fastpayhotels in order to avoid mapping errors using the latest Google Maps Plus Code. We are happy to share this methodology with all our customers that need to map properties in order to get a universal and free way for inserting properties in their system, whatever they are, wherever they are. Already some customers have reached to us happily to use this free system. mapping-with-cyreneDownload ..read more
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The 5% EXTRA cost theory
Fastpayhotels
by Fastpayhotels
3y ago
Did you know that allowing an extra commission, a marketing contribution or simply any type of exclusivity, would generate an extra 5% cost on average to your distribution? Do you know that exlusive deals break 2 major economic laws: competitiveness and monopoly? Are you ready to decrease distribution costs by making b2b competing between them? Have a look! 5percent-extra-cost-theoryDownload ..read more
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The extra cost conspiracy
Fastpayhotels
by Fastpayhotels
3y ago
How efficient is your b2b distributor? Do you know? This extra cost that has to be paid because an intermediary is more expensive to operate than others, is most of the time paid by the hotelier himself but not always… Most properties nowadays going for a Net Parity Rate avoid giving differentials to specific intermediaries. This cost is therefore transformed into less competitive prices for the agencies. Download our infographic to know more… FPH The Extra Cost ConspiracyDownload ..read more
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Non-Refundable Rates: to be or not to be…
Fastpayhotels
by Fastpayhotels
3y ago
In 2015, when we launched Fastpayhotels we had a clear view that nonrefundable were what we wanted to focus on. In fact, that is what we launched our brand on: prepay nonrefundable rates: Fastpay. Like so many startups we focused on a fixed idea only to find that there were spin offs our plan that we never considered such as the fact that so much connectivity with hotels would actually give us so much availability for late bookings, more room types, package rates, mobile rates and eventually so many new rate plans and hotels. What we underestimated in our first few months is just how much more ..read more
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Happy Birthday Fastpayhotels or the legacy of 5 years of vision…
Fastpayhotels
by Fastpayhotels
3y ago
Well it´s this time of the year. Obviously, lots of things to think about and really, I just don´t want to talk about Coronavirus again. Not now. Now it´s time to think about the “Why” of all and see if we are keeping up with our vision and ambitions. B2B evolves is our why. We created Fastpayhotels because we have this vision that B2B can be different. Yes. Different. Different in facts, different in believes, different with people and different in experiencing the business. We defend ethical values; we defend the truth and reality above all, as hard as it is. So where are we today? Facts are ..read more
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Can customer service really be automated?
Fastpayhotels
by Fastpayhotels
3y ago
Every time we add costs to the process of how we deliver accommodation to travel agents around the world it means we need to increase our prices. It’s an unfortunate reality. Our role is to consistently sign up and connect relevant accommodation, keep it competitive and functioning and provide excellent customer service at the lowest possible costs. Only then can we aspire to pass on the best rates to our distribution partners. It’s a huge advantage for Fastpayhotels to know that all its bookings for its hotels are fed directly into a PMS, CRS or some kind of reservation system when the system ..read more
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Selling Package rates
Fastpayhotels
by Fastpayhotels
3y ago
One of the most important control to get on rates are the packages rates. Traditionally those rates were created to build up dynamic packages online, mostly with a flight to compete with the traditional tour operators. What seem a good idea at the time, resulted in a very tricky situation for most distributors. Packages rates are the cheapest by nature, they offer an additional discount so that when you add them to a flight, you can create an opaque package price, resulting more attractive to the customers and dissuading them to buy separately. Low cost carriers building up on that theory in ..read more
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Fastpayhotels signs a global deal with Mastercard
Fastpayhotels
by Fastpayhotels
3y ago
PALMA, SPAIN – Fastpayhotels, the B2B accommodation distribution platform, announced an alternative payment offering for hotels in partnership with Mastercard. This digital payment solution offers card payment guarantees and efficiencies, and reduces the costs that hotels have had to bear to process legacy forms of payments. The Mastercard Wholesale Program has multiple tiers from 1% up to 2%, and hotels can choose which product suits them best and have total flexibility to agree terms. Fastpayhotels has adopted the lowest tiers, offering substantial savings in the market, and has pa ..read more
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