Expedia Group's travel management company Egencia will release a pilot product called Savings Finders for Hotel to a limited number of customers before the end of year.
Savings Finder for Hotel will be similar to Savings Finder for Air, which was released this year. Savings Finder for Air uses artificial intelligence to automatically track price variations and rebook when there is a lower price on the same flight within seven days of booking. The rebookings are made in the same ticket class and with the same amenities.
Likewise, Savings Finder for Hotel will automatically rebook a reserved hotel with the same amenities if a price drop is discovered, Egencia said.
Savings Finder for Air has saved customers millions of dollars, Egencia says.
"Building innovations like Egencia Savings Finder lets us help our customers maximize the value of their travel program," Egencia COO Mark Hollyhead said. "Every dollar saved when an air or hotel booking is reshopped at a lower rate adds up, allowing our clients to book more trips and spend more time engaging suppliers, engaging clients and engaging employees."
Egencia is targeting the first quarter of 2020 for general release of Savings Finder for Hotel.
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