CFI advised Fastbooking on its sale to Accor

Paris –  A French company founded in 2000, Fastbooking provides daily support to nearly 4,000 hotels worldwide. Its key areas of expertise are hotel website development, distribution channel management solutions, digital marketing campaign management, revenue management optimization tools and competitive intelligence. Its two main markets are Europe and Asia. Fastbooking registered a 2014 turnover of € 21M.

Accor S.A. is a French multinational hotel group, part of the Paris stock exchange listed CAC 40 index [ISIN: FR0000120404, ticker symbol AC.PA], which operates in 95 countries. Headquartered in Paris, France, the group owns, operates and franchises 3,700 hotels (spanning all inhabited continents) representing several brands, from budget and economy lodgings to five-star hotels.

Fastbooking will continue to deliver solutions designed to improve the performance and visibility of its clients, while operating independently within Accor. The confidentiality of data relating to Fastbooking’s client hotels will be preserved. At the same time, the expertise of Fastbooking teams will broaden the range of services that Accor can offer to its hotels.