Seattle—Sept. 27, 2015—Yapta, a provider of airfare price assurance services for corporate travelers, announced the launch of RoomIQ, a dynamic hotel price tracking solution designed exclusively for corporate travel organizations. RoomIQ, developed in cooperation with Yapta’s Customer Advisory Board members and early beta partners, automatically tracks corporate hotel reservations and sends price drop alerts when room rate savings are available.
“RoomIQ is a natural complement for customers currently using our airfare price tracking service, FareIQ, to significantly reduce their travel spend,” said James Filsinger, president and CEO of Yapta. “Since launching FareIQ two years ago, we saved corporate customers millions on airfare—and our early data shows the potential savings that can be captured as a result of RoomIQ can be just as great. Hotel prices can be as volatile as airfares and there are typically no penalties for making savings adjustments to reservations when room prices drop.”
Yapta launched the RoomIQ beta with early adopter customers and several large travel management companies (TMCs), including Travizon and Ultramar, due in part to their previous success with FareIQ Intelligent Price Tracking and the ease of implementing RoomIQ. Using the technology, the TMCs can gain real-time visibility into hotel savings opportunities for their customers by receiving price drop alerts on identical and comparable rooms. When a hotel savings opportunity is available, RoomIQ immediately issues a series of alerts that enables those savings to be acted upon by an agent or a travel manager.
RoomIQ allows clients to tailor the solution to identify a variety of specific cost-cutting scenarios. For example, in addition to automatically monitoring the same property for a lower rate, RoomIQ can also observe prices on comparable room types, non-preferred properties to preferred properties and like-to-like amenities, such as parking, Internet access and breakfast. The unique rate-level amenity comparison functionality allows travel managers to assign values to amenities for additional and more accurate identification of savings opportunities, instead of limiting comparisons strictly at the property level.
RoomIQ integrates seamlessly with FareIQ, requiring no additional setup to use one or both services. And the seamless integration means travel managers and users gain single sign-on access to Yapta’s extensive, real-time reporting via its dynamic, web-enabled dashboard.
