Recent analysis by TRIPBAM™ and BCD Travel finds companies can take advantage of current market conditions, including a slower third quarter for hotel chains and rate volatility, to gain pricing leverage. The opportunity is emerging as travel buyers undergo hotel rate negotiations and corporate financial leaders increasingly focus on controlling lodging costs.
The analysis highlights three key opportunities for hotel savings:
- Providing access to robust hotel content through corporate booking options
- Managing hotel spend dynamically throughout the year—not just during negotiations
- Rebooking hotel rooms when rates fall
Hotel Price Assurance, provided by BCD Travel and powered by TRIPBAM™, paves the way for savings through rebooking. It uses automation to shop for lower hotel rates at a traveler’s booked hotel after the original booking has been made.
“The current hotel pricing environment provides great opportunity for savings for corporations that creatively seek them out,” said April Bridgeman, senior vice president of strategic marketing at BCD Travel. “Rebooking hotel rooms when rates fall is a critical component. We’re seeing a growing number of success stories among clients using our Hotel Price Assurance offering, powered by TRIPBAM™.”
Want to know more about how Hotel Price Assurance can help your corporate travel program cut accommodation costs? Download a brochure about the service, and ask your BCD Travel account manager for details.
