Corporations saving $109 on hotel bookings without switching hotels
Seattle – February 3, 2015 – Yapta, an innovator of corporate travel price tracking solutions, today revealed that early customers of RoomIQ, Yapta’s corporate hotel price tracking solution, have saved an average of $109 per booking (2.4 room nights on average) since initiating use of the technology in September of 2014. Overall, companies that have utilized RoomIQ are seeing an opportunity to save on approximately 12% of all hotel bookings tracked.
“Much like their airfare counterparts, hotel room rates have shown empirically to fluctuate significantly,” said James Filsinger, President and CEO of Yapta. “With RoomIQ, Yapta is delivering real savings for our enterprise customers, enabling them to reduce their overall hotel spend by up to 4.7%. Combined with FareIQ, RoomIQ gives customers two amazing tools, one easy setup, and maximum savings.”
RoomIQ dynamically monitors hotel bookings directly from the source, looking for price reductions and amenity gains on comparable rooms at the same hotel. When a hotel savings opportunity becomes available, RoomIQ will immediately issue a series of alerts that enables those savings to be acted upon by an agent or a travel manager. With RoomIQ, when the room rate drops, the company can secure the lower price without impacting the traveler’s plans. Companies currently using the technology have saved upwards of 58% on their hotel stays.
RoomIQ is highly flexible, allowing clients to tailor the solution to identify a variety of specific cost-cutting scenarios. In addition to dynamically monitoring rooms at the same property for a lower rate, companies can also use RoomIQ to track like-to-like rate level amenities such as parking, internet access and breakfast, as well as provide comparable room type details. Price tracking is specific to the corporate market, including negotiated / preferred rates, and public / rack rates – and all rates are bookable in the GDS, ensuring availability. The unique rate-level amenity comparison functionality allows travel managers to assign values to amenities for additional and more accurate identification of savings opportunities and to highlight the clear financial impact of decisions.
RoomIQ integrates seamlessly with FareIQ, Yapta’s corporate airfare price tracking solution, requiring no additional effort to use both services. This means travel managers have integrated 24×7 access to Yapta’s extensive, real-time reporting via its online savings portal. With FareIQ’s average identified savings of $260 per airline ticket, and RoomIQ identifying an average of $109 in savings per trip, companies that use both RoomIQ and FareIQ can realize a combined average savings of $369 per trip.
For more information about RoomIQ email RoomIQ@yapta.com or contact Yapta’s Professional Services team at 206.625.2301.
Yapta is a pioneer in airfare and hotel price assurance services for travelers. Launched in 2007 as the travel industry’s first airfare price tracking and refund alert service, Yapta has delivered more than $550 million in airfare savings alerts to consumers. Today, Yapta’s Intelligent Price Tracking™ technologies, FareIQ and RoomIQ, are helping companies reduce spend and extend their T&E budget by constantly tracking booked airfares and hotels and flagging lower rates when they become available. For more information about Yapta, visit www.yapta.com.