Fastpayhotels was founded in November 2015, in Mallorca, Spain, by Alex and Elodie, 2 ex-Expedia employees that realized that hotel distribution could be transformed into a more automated world. They established the company mojo around 3 essential principles: Control, Transparency and Efficiencies.
The business started a journey to convince and onboard hotels into a new way of distribution, starting by focusing on the non-refundable rates efficiencies to quickly move to a full rate distribution model. The company spent 3 years being "product" centric, investing in relationship with the chains, and developing along the way a more ethical distribution. Today Fastpayhotels counts over 300 hotel chains onboarded and manages direct inventory of more than 38.000 properties in over 138 countries.
In 2019, the PE house Magenta Partners invested into Fastpayhotels to create the second part of the project: a powerful IT system that could support more automation and transform Fastpayhotels into a fully digital first company.
After a 2 years of development, the company is now fully digitalised and processes are automated for the benefits of both properties and travel agencies. Thanks to this investment the company can manage all its inventory and partnerships with only 40 employees and minimise costs to create the most competitive rates on the market.
2021 company strategy is now to focus on connecting travel agencies all over the world in order to close the distribution cycle while onboard new products for distribution like vacation rentals. Our partners have now access to a full set of solutions around 3 axis: connectivity, customer service and Big data to generate the right solution for their business and maximise margins.
We manage our team in line with what we think is the future and the next evolution of human resources policies, bringing to the table different initiatives like flexible working schedule, unlimited teleworking, birthday day off and free training.
Our people is our strenght and motivation and the company policy is to support them in their profesional growth by delivering constant training and empowered them to take their own decisions.
Fastpayhotels is a team composed of extremely motivated and knowledgable talented people from the travel industry. Today, the company is situated in 4 different locations around the globe: Mallorca and Madrid in Spain, Cebu in the Philippines and Santiago in Chile.
At Fastpayhotels, we like to work hard but play hard, we thrive for the best in class in an entrepreneur world.