Interview with Szilard Nathan Vegas, Founder of Low-Tels.

com on his business

success

(for weheartentrepreneurs.com)

1. How has Wholesale Hotels Group changed since the last time we had an
interview with you?

Thank you for allowing me the opportunity to get featured on your website again.
It has been about 2-3 years since we last had a conversation about my business. A
lot has changed for sure and I believe for the better.

Our business model used to be strictly B2B, where we have created a custom-
developed site and served purely as a bed bank for travel agencies. We had
contracts with wholesale hotel room suppliers worldwide, integrated, and
merged their inventories on our platform and resold them to travel agencies
while providing them a deposit-free contract, a simple “one search shows you all
inventories” interface, and the convenience to pay with a credit card (in the B2B
wholesale world that aspect is still rather unheard of believe it or not).

Our approach has changed substantially since then. We have decided to focus our
attention on the B2C market and completely rebrand. While our company name
(Wholesale Hotels Group) is still the same, we have created the website: Low-
Tels.com which is our new consumer-facing brand.

We completely gutted out our highly complex and very expensive custom-made
platform and replaced it with a website that has a cutting-edge design and now
affiliated with a company that is based in the USA and the owners of it were the
original creators of Hotels.com, so we are certain that the pricing we can provide
through this supplier will surely win over many clients. For example, I have seen
rates as low as 75% OFF compared to any of the big booking sites.

The other major change is our creation, which I am very proud of; our Hotel
cashback program. Cashbacks, in general, are not news, some big companies
have cornered this market (or at least they think they did). Not only do we beat
them in terms of the amount of cashback we provide to our customers (we pay
UP TO 6%) but we also pay out on all big hotel chains, including but not limited to:
Marriott/Bonvoy brands, Hilton brands, IHG brands, Best Western brands, Accor
Hotel brands, Wyndham brands, Hyatt brands, Radisson brands, Choice Hotels,
MGM Resorts, Caesars, virtually all high-end chains such as Four Seasons, Aman,
Taj, Mandarin Oriental, Langham, Six Senses, Shangri-La, Peninsula, and
Rosewood (just to name a lot) and over 15,000 independent hotels even small
Bed & Breakfast ones included.

We have also created an internet browser extension that is downloadable that

automates the entire cashback process for the consumer and runs in the
background seamlessly. Low-Tels.com doesn’t stop here and in continuous
outreach with the hotels to expand our offerings and provide our customers with
a valuable source of cashback. In case you have a hotel credit card and you get –
let’s say – 5% cashback when you spend with the hotel, that means that you can
double-stack and get as much as UP TO 11% cashback by using our system.

2. Why did you change your business model and what do you expect from your
current one?

There were a lot of reasons behind it. We wanted to change our business model
to cause less of a headache and more pleasure while doing something unique that
stands out from the rest. The wholesale hotel room business is typically a high-
volume transaction with razor-thin margins, extremely labor-intensive, high-risk
with a lot of moving parts. Switching to a model that has better margins, less
labor-intensive, low-risk, and gives us the ability to not only make money but to
make a difference too for nonprofit organizations globally. Naturally, saving
money for all of our users has always been one of my main goals and always will
be!

3. How will Low-Tels.com make a difference for consumers?

The price! We can’t provide wholesale rates on our site on all hotels (I wish we
could) for our customers, but on many properties, you can still achieve an almost
too good to be a true discount.
Through our alternative nonprofit fundraising we have developed, we can provide
an extremely simple, FREE, no-obligation program to them where we don’t
require them to spend any money and we provide these nonprofits the ability to
get recurring revenue FOR LIFE!

4. What is the reason you are heavily targeting non-profit organizations?

As a Vice President of a nonprofit organization myself, I know first-hand just how

important it is (especially during these COVID-19 times) to bring in money, which
is, unfortunately, more difficult than ever. Low-Tels.com’s alternative way of
fundraising is already creating a lot of buzzes and we are definitely up for the
challenge to show the difference it will bring to all nonprofits. I believe that the
best business model is when you make money and help others and make the
world a better place at the same time. Our program stands for exactly that!
Knowing that our company has made an impact; helped a nonprofit that helped
others achieve a better quality of life and made the world a better place truly
adds depth to what we do daily.

5. Where do you see Low-Tels.com's future?

One word: Expansion! I want to reach as many nonprofits as possible and as soon
as possible. Educate them about the options they have when it comes to
fundraising opportunities. I am in the travel industry by trade but I constantly look
for ways to make a positive impact in this world, while doing what I love so much
already.