July 3, 2008
FastBooking Announces a Worldwide Distribution Partnership Agreement With Kayak
FastBooking, the global provider of advanced internet booking systems and e-marketing solutions for the hospitality industry announced today the signature of a distribution agreement with Kayak.com for the integration of FastBooking's portfolio of 3700 hotels on all global versions of Kayak.com (American, British, French, Indian, Italian, Spanish, German).
With this new agreement FastBooking is pursuing its active distribution partnership strategy with major travel experts and portals in order to provide its hotel partners with extended on-line visibility and additional selected distribution channels.Since beginning of 2008, Kayak.com displays real-time room availability and rates of the FastBooking hotels to the visitors using Kayak.com to search for accommodations. Users choosing to book one of these hotels are redirected to FastBooking.com to proceed to the on-line reservation in 27 languages, with no pre-payment or service fees. FastBooking.com features much additional information about the hotels such as reviews and marks from previous hotel guests, up to 35 photos and professional videos allowing visitors to make their choice in total transparency and confidence.
Alain Hirschfeld, Deputy Director Business Development of FastBooking comments: "We are delighted about this new agreement as part of our distribution program dedicated to increase brand awareness and revenue of our hotel clients. With more than 35 Million visitors per month Kayak.com is one of the most popular travel search engines in the world. It represents a huge booking opportunity for the FastBooking hotel partners capturing an international clientele whose average basket is known to be high".
With ever increasing sales volume generated by its B-to-C distribution programs (+46% in 2007 as compared to 2006), FastBooking continues to develop this activity for the benefit of its hotel partners. Strategic alliances with key community websites, travel search engines and price comparators remains one of its priorities to extend its market presence worldwide.
FastBooking is a leading provider of advanced Internet booking systems and E-marketing services for the hospitality industry. FastBooking's solutions help independent and chain hotels worldwide increase their revenue on the Internet and maximize their distribution strategy while simplifying the management of rates and availabilities across multiple channels. A whole global program is available to hoteliers including a multilingual Internet Booking Engine with advanced property merchandising facilities, GDS/IDS representation, e-marketing tools and a network of exclusive hotel distribution websites (fastbooking.com, hotels-paris.fr, only-recommended-hotels.com) and partners. Headquartered in Paris with subsidiaries in Italy, USA, Canada, Asia and India, the company has 3i Group plc and E. de Rothschild as anchor investors. It employs 130 persons worldwide and has gained the trust of 3 700 customers.
More information on www.fastbooking.org
Kayak.com, the largest Travel 2.0 site in the world, is a global Internet media company operating Kayak.com, Sidestep.com, TravelPost.com and TravelSearch.com. Kayak.com and SideStep.com display results from more than 400 travel sites, providing prices and itineraries for hundreds of airlines, more than 90,000 hotels, all leading rental car companies and 18 cruise lines. Kayak.com has won more awards since launch than any other travel site including "100 Best Products of 2007" by PC World; "25 Sites We Can't Live Without" by TIME Magazine; "Best Search Engine" by the Associated Press; and "Best of the Web" by BusinessWeek, Forbes.com and US News & World Report. Launched in 2005 by co-founders of Orbitz, Travelocity and Expedia, Kayak.com's investors include General Catalyst Partners, Sequoia Capital, Accel Partners, Norwest Venture Partners, Trident Capital, Oak Investment Partners, Lehman Brothers Venture Partners and America Online, Inc. Kayak.com has sites in the UK, France, Germany, Spain, Italy and India.
More information on www.Kayak.com