The new hotel monitoring mechanism allows Arbitrip to automatically rebook accommodation at a lower rate if a price drop occurs.
“If booking.com and hotels would marry, you would have Arbitrip. On average 23% of bookings get a price drop, which can add up to £1000s in savings each year,” Arbitrip’s VP Business Development Assaf Haski told The Business Travel Magazine.
“The booking window is shorter with corporate travel, at 7 days on average compared to a month for leisure, but if you book in advance you are more likely to get a price drop,” he added.
The service is free to travel managers and each client has a dedicated account manager with a support team available 24/7 and livechat available online.
Machine learning algorithms study user preferences and booking requirements so they can individually match each hotel booking. Travel managers can then choose hotels based on previous business traveller reviews, and then pay and track all bookings throughout the company through one centralized dashboard.
Arbitrip says the platform can be tailored to the client, and it can even consult the developers to add new bespoke functions should they be required.
The online booking provider headquartered in Israel has just opened another office in London.