FastBooking
Offers e-marketing and internet-based solutions for the hospitality industry to increase direct bookings and brand visibility.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 8 % | 20 % | (3 %) | 105 % | (27 %) | 8 % | 95 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (64 %) | (39 %) | (23 %) | 2 % | (10 %) | (17 %) | (7 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
FastBooking, established in Paris in 2000 by co-founders Richard Kefs, Thierry Lamblin, and Soraya Kefs, carved a niche for itself as a provider of digital services tailored for the hotel industry. The company's core business centered on empowering hoteliers to enhance their direct online sales and operational efficiency. Its business-to-business model offered a suite of products including a booking engine for hotel websites, website development, channel management solutions, and digital marketing services. FastBooking primarily served independent hotels and hotel groups, with a significant client base in Europe and Asia, supporting nearly 4,000 hotels worldwide by 2015.
The company's trajectory was marked by significant investment and strategic acquisitions. In 2007, FastBooking secured a €35 million investment from 3i and Edmond de Rothschild Investment Partners (EdRIP), which valued the business at €45 million and provided an exit for early shareholders. A pivotal moment in its history occurred in April 2015 when Accor (now Accor S.A.), the French multinational hospitality giant, acquired FastBooking. This acquisition was a key part of Accor's broader digital strategy to bolster its capabilities against online travel agencies. Under Accor's ownership, FastBooking was intended to operate independently, maintaining the confidentiality of its hotel clients' data while leveraging Accor's global resources to innovate and expand its client base.
The final chapter for the FastBooking brand came in 2019 when Accor merged it with Availpro, another hotel technology company acquired in 2017, to form a new entity named D-EDGE Hospitality Solutions. This merger combined FastBooking's digital marketing expertise with Availpro's technological solutions to offer a comprehensive, end-to-end suite of services for hoteliers under a single brand. D-EDGE now operates as a subsidiary of Accor, providing a holistic hospitality technology infrastructure that covers central reservation systems, data intelligence, website creation, and digital media for over 17,000 hotels globally.
Keywords: FastBooking, D-EDGE Hospitality Solutions, hotel technology, B2B hospitality services, booking engine, channel manager, hotel digital marketing, revenue management, Accor, Availpro, hospitality e-commerce, hotel distribution, online hotel booking, CRS, hotel website development, direct booking, hospitality SaaS, hotel tech provider, hotel competitive intelligence, hotel digital services