Many business and leisure travellers are frustrated when they book a hotel on an online site, only to find out a few days later that the price has gone down. It's a frustration that can also be found in air and rail ticketing, especially as today's technologies can refine and monitor the price of a service. But few online sites will then pass on any price reductions to a service that has already been paid for. Arbitrip, from Arigato Advanced Travel Technology, based in Tel Avivis seeking to fill this gap. The company has just launched its "price monitoring" function, which makes it possible to "re-booking automatically hotel rooms for businesses if the price has fallenor if a better room becomes available. An exception in the hotel market, Arbitrip is one of the few hotels in Europe to offer this service as a "stand-alone" package. free built-in functionality.
The platform generally uses algorithms that automatically determine the needs and preferences of Arbitrip's customers in order to suggest the most suitable hotels. Customers then base their choice on their own criteria, but also on the opinions of previous business travellers. Arbitrip's credo is to ensure that " companies book the right hotels at the best price ". According to the OTA, it will enable travellers and business travellers to save around 23,5% on average compared to the major online booking engines. Arbitrip then provides its customers with a centralised dashboard displaying all the company's bookings.
Hotel prices are as volatile as shares on the stock market
The new Price Watch feature offers a service that promises to use the latest technology to automatically book a new hotel room if the price drops. " Hotel prices are as volatile as shares on the stock market. We often see hotel room prices fall due to changes in supply and demand for specific reasons. We use this phenomenon to ensure that our customers always get the best price. "says Benny Yonovich, CEO and co-founder of Arbitrip.
The "price monitoring" function does not entail any additional costs for customers. Once a booking has been made, Arbitrip constantly monitors the price and automatically re-books if necessary, even in the case of a booking where it is not possible to cancel. What's more, if a more luxurious room or a better hotel becomes available for the same price, Arbitrip can upgrade the booking at no extra charge. According to Benny Yonovich, such a system restores companies' confidence in booking their hotels with an OTA. " Many travellers are sceptical about booking a hotel because the process is not transparent, particularly with hidden costs, and because they don't trust online reviews. "he adds.
