Fastbooking Agrees To Distribute Rate Shopping And Channel Management Products Worldwide 'Powered By Electrobug'

LONDON/PARIS-- In a deal that will dramatically increase the number of hotels who get access to Electrobug's cutting edge rate management technology, Fastbooking SA, one of Europe's fastest growing online booking solutions providers, will be offering Fastbooking Checker and Fastbooking Updater solutions "powered by Electrobug" to its 2800 clients.

These two solutions will be distributed online via password access, but be fully intgerated into the Fastbooking online suite. Fastbooking Checker will be based on Electrobug's Rate Check service (http://ratecheck.electrobug.com/demo) , while Fastbooking Updater will be based on the Electrobug Rate Change service (http://ratechange.electrobug.com/demo), and will be supported by Fastbooking.

As a result of this integration, hotels using the service will be able to check online and GDS rates in realtime without leaving their usual CRS system, and have one point of contact for support. The hotels will also be able to take advantage of some of the unique features offered by Electrobug system, including realtime on screen rate shopping, one-click rate parity, and verifying rates by looking at the actual "cached page" the rate was retrieved from.

Long seen as a technology innovator, Paris-based Fastbooking SA were keen on finding a way for their hotels to get more control over their rates. Soraya Kefs, Executive Director Technical Services, says: "We have reviewed the offerings on the market, and this solution gives us and hotels exactly the service that is required. This is a great opportunity for our hotels to understand their market in more detail, and save a great deal of time in updating rates and allocations online in one screen."

Electrobug has successfully implemented services "powered by Electrobug" in the past, including EZRMS EZ Compete and Pegasus RateChecker, and is delighted to be working with Fastbooking to service their clients. Mark Heynen, Managing Director of Electrobug, says: "We see this as a very important partnership. Not only do we reach a whole new set of savvy hoteliers, but we also get to work closely with one of Europe's premier hospitality technology companies."

About Electrobug Technologies Limited: Electrobug Technologies (), founded in 2000 in London, England, was initially conceived on the notion that the "Internet is the database." The company has developed a suite of online data retrieval tools for price tracking and management, currently in use at a number of retailers, airlines, hotels, and online travel agencies. These tools automatically retrieve prices from various web sites, normalize the data sets, and report the results to a set of customized Excel and HTML reports that are utilized for channel management and competitor price intelligence. Electrobug’s clients include Pegasus, Sol Melia Hotels, Expedia, Lastminute.com, and Cendant.

About Fastbooking SA: Fastbooking (), founded in 2000 in Paris, France, is a service provider whose aim is to help independent hotels with their Internet development. To do this, the first essential step is to install the “Fastbooking Engine” on the hotel’s Internet site. Using this real time, multi-function reservation engine, the Internet surfer can reserve and immediately get an automatic answer. Fastbooking has set up a technical infrastructure dedicated to hotel keepers, developing tools which are perfectly adapted to their needs and guarantee the regular transfer of skills by expert IT and hotel management teams.

Among the solutions proposed, the reservation engine, which offers a Yield management solution on the Internet, is the main key to the system. Added to that is a high-performance Internet development program featuring multi-hotel CRS, GDS/IDS representation, a Call Center interface, distribution portals and E-Mailing for customer loyalty development.