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Smarter Travel Media general manager David Krauter on the launch of a travel booking site that refunds users if a room rate drops.
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If you are tired of hunting online for the lowest hotel rates my next guest website offers not only.
Booked a room but the site will refund and difference at the rate drops after you -- joining me now -- this is.
It's on the road is David crowd or general manager of Smart travel media the company that owns the site.
Team -- dot com and you just launched a week ago why didn't anybody think of this sooner.
That's a good question I mean we.
We year I've been looking at travelers travel for a long time and one of the things that we come across a lot is that travelers often get to a point where they want to book but they're just hesitant.
Have they're just waiting to see if the price is gonna drop and what we found is -- Why can't we solve this for them and that's where are really alert to -- -- came from so we -- -- thing eloquent traveler books from the time that they book until -- time that they stay.
We wash their -- And if that rate drops for any reason we automatically rebook him at a lower rate we -- -- difference to the credit card.
But isn't the rate based on flexible rates I mean most savvy travelers know.
That you can get a refundable ticket on an airline nonrefundable ticket for example in the same thing goes with the type a rate that you book on -- also.
And I actually booking the lowest rate on the hotel.
Through to -- dot com and the first place.
Well you're definitely going in the Lois refundable rate that you can -- and that's really the key with tango is that.
We're looking at the refundable rates and that's allows us to rebook you at the lower rate reform -- difference the credit card.
What people don't know or may not know is that the nonrefundable rates may be the -- at that time you book your reservation.
But prices do actually fluctuate and we see about a third of the time actually have from the time you book -- the time each day.
The prices will drop and you'll get a refund and we see about an average of 35 dollars though it can go up to as high as 500 dollars example we -- at the Wynn and Las Vegas couple weeks ago.
Why don't let me ask -- -- You're basing your your bookings and the rates on Expedia correct.
We've chart we've partner within Expedia network in there that's not the hotels -- we have on our side are the same you'll see on Expedia.
Okay no one have broaden that out in the is -- -- this is partnership just with Expedia.
There are currently partnered with a Expedia.
For -- OK alright well you know it's very interesting and again.
You know many people I think and what admit I think of the center for a website of the -- -- very interesting David thank you David crowd are pointing a dot com Smart.
President.
