Yapta’s Innovative Price Tracking Technology Spotlighted for Helping Travel Management Reduce Costs
SEATTLE and LONDON – January 24, 2017 – Yapta, the leading provider of airfare and hotel price tracking services, today announced that it has been recognized as the “Best Specialist Business Travel Service” at the 2017 Business Travel Awards held at the Grosvenor House in London on Monday night.
Orchestrated in conjunction with Buying Business Travel Magazine, the Business Travel Awards recognize and celebrate the achievements of the travel industry’s leading businesses, teams and individuals, who have performed outstandingly over the last year. The “Best Specialist Business Travel Service” category recognizes the travel services that enhance the travel management process or traveler experience, whether by increasing service or by reducing cost.
As the only company that provides total trip price assurance, Yapta has delivered more than $50 million in airfare and hotel savings to its corporate users. Companies average a combined savings of $369 per trip by using Yapta to track both airfare and hotel prices in tandem. In addition, travel managers have access to Yapta’s savings dashboard, providing clear visibility into exactly how much has been saved by using Yapta’s IQ Technology. The savings dashboard provides consolidated access to data across all markets for both hotel and airfare programs.
“We’re extremely honored to have our technology recognized by the industry,” said James Filsinger, President and CEO of Yapta. “As a company that operates primarily in the background, watching prices and alerting our clients when the price drops, it’s not often that we get a chance to step into the spotlight. While we usually let our results speak for themselves, today this award speaks volumes about how far we’ve come.”
Companies adopting FareIQ – Yapta’s airfare price tracking solution – see an opportunity to save on more than 11 percent of all air travel itineraries, with an average identified savings of $260 per ticket. Any savings identified by FareIQ on behalf of its customers are over and above any airline imposed change fees and agency re-booking fees, ensuring customers see true value to their bottom line.
RoomIQ – Yapta’s hotel rate tracking solution – dynamically monitors U.S. domestic and international hotel bookings, looking for rate reductions at the same hotel. Once a savings opportunity has been identified, RoomIQ then issues an alert in the local currency. Companies utilizing RoomIQ are seeing an opportunity to save on approximately 12 percent of all hotel bookings tracked – with an average savings of $109 per booking. Overall, RoomIQ has helped these companies lower their ADR by 4.7 percent.
For more information on how companies are leveraging Yapta’s price tracking technology to deliver real savings to managed travel programs, visit Yapta.com.
Prices drop. We alert. You save. Yapta’s corporate travel solutions, FareIQ and RoomIQ, enable companies to extend their T&E budgets, boost traveler compliance and attain essential program-specific data. Constantly tracking booked airfares and hotel rooms, Yapta sends instant alerts when prices drop. Launched in 2007, we pioneered the category of travel price assurance, and have delivered more than $650 million in savings alerts to businesses and consumers. Yapta guarantees bottom-line savings. www.yapta.com