Flywire Expands to 90 Driftwood Hotels, Slashing Processing Costs by 30%
Flywire expands partnership with Driftwood Hospitality Management to deploy its digital payment, signature, and authorization solutions across nearly 90 U.S. hotels representing over 15,000 rooms. Initial rollout across ten properties has cut payment processing costs by nearly 30% and accelerated guest transaction turnaround by 90% through ACH and e-authorization workflows.
1. Partnership Expansion with Driftwood Hospitality
Flywire Corporation has expanded its hospitality solutions partnership with Driftwood Hospitality Management to deploy digital payments, electronic signatures and authorization tools across nearly 90 U.S. hotel properties, encompassing over 15,000 guest rooms under major brands such as Marriott, Hyatt, Hilton and IHG.
2. Early Results: Cost Savings and Faster Turnaround
Within the first five months, deployment across ten Driftwood properties achieved a 30% reduction in payment processing costs and a 90% faster transaction turnaround by leveraging ACH payment options and integrated e-authorization workflows.
3. Advanced Payment Features Deployed
The upgraded platform enables Driftwood sites to guarantee payments alongside e-signatures, implement lower-risk card processing methods, accept lower-cost ACH transactions, and utilize features such as secure online portals, fraud prevention, multi-currency support, and automated payment reminders.
4. Strategic Impact for Flywire
This expansion reinforces Flywire’s position in the hospitality sector by showcasing measurable efficiency gains and cost savings, potentially driving sales growth in its travel segment and strengthening its value proposition to large hotel management partners.