Hotel Price Assurance Technology® from BCD Travel drives savings by monitoring room reservations and rebooking if the price drops before the room-cancellation deadline. When used in alignment with a company’s business goals and corporate culture, Hotel Price Assurance balances savings with traveler experience. Here’s a closer look at the benefits:
Cut hotel costs without traveler disruption
Want travelers to be booked only in a room at the same or better level than the original booking? No problem. You set the rules based on your policies and corporate culture.
Over the course of one month, a professional networking website that books nearly 23,000 room nights a year used Hotel Price Assurance Technology to generate significant savings. The company, which operates globally and prioritizes traveler experience, benefited from wide traveler acceptance. Lower-priced Hotel Price Assurance offers for the same or comparable room levels averaged US$139 savings per stay.
Allow minor changes that yield major hotel savings
Willing to be flexible on certain creature comforts (i.e., allowing a change from a king bed to a queen)? Let Hotel Price Assurance look for those opportunities, and you’ll save even more.
That’s how a U.S. health care service provider that books more than 145,000 room nights a year leveraged Hotel Price Assurance. Seventy-five percent of offers for rooms were rebooked at the same level or one rung lower. The company saved an average of US$42 on each accepted room rebooking and saved over US$308,000 overall in 2019.
Shift hotels to save big
And if you really want to maximize savings, opt for strategic share shifting, which lets Hotel Price Assurance search for comparable rooms at same-starred preferred hotels nearby.
A Virginia-based food and wellness company that books over 200,000 room nights a year used Hotel Price Assurance to cast a wide net for potential savings, shopping for better deals at comparable preferred-supplier hotels near the hotels originally booked. Only 10% of travelers—many of whom are road warriors—accepted the lower-priced rebooking offers at different hotels. But when they did, the savings added up, averaging US$29.49 per night.
Bonus benefits: Saving is simple, and travelers stop shopping around
Travel buyers see benefits beyond dollars and cents when they use Hotel Price Assurance, which is an offering in BCD’s SolutionSource® marketplace. For one thing, the solution automatically yields savings without requiring travel buyers to lift a finger. For another, it strengthens program performance by encouraging travelers to stop shopping around for hotels. As one corporate travel program leader said, “BCD Travel’s Price Assurance Technology gives our travelers confidence that our company is getting the best rates all the time.”