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 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 40.000 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. Now, the company strategy is 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. Their 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 maximize margins.
In this interview while at the PhocusWright Confererence Europe, Alex Gisbert explains to Dr. Javier Gonzalez-Soria the evolution of the company, the future plans and how he envisions the future of TravelTech in the B2B space. This interview is included in the serie of «Entrepreneurs» at TravelThink
