Printversion 

MICE-Contact News Archive

CWT rolls out Price Tracking, delivering up to 2% savings on travel spend

Jul 15, 2018

Carlson Wagonlit Travel, the global travel management company, is rolling out Price Tracking worldwide, following a successful trial that delivered savings of up to 2% of total travel spend.

The Price Tracking technology continually monitors prices for flights and hotel rooms, checking them against existing bookings. Whenever it identifies savings, CWT cancels and re-books for less, providing clients with the best possible deals – and delivering significant savings.

“This technology can save our clients up to 2% – that’s a huge sum of money for any company with a sizable travel program,” said Patrice Simon, CWT’s CTO, Strategy and New Product Development. “Best of all, it’s largely automated, running in the background 24/7, delivering savings every single day.”

The service is the result of a partnership between CWT and Yapta, a provider of airfare and hotel price-tracking services. CWT tested offerings from a variety of competing technology providers, and found Yapta consistently out-performed all others, in some cases by a wide margin.

CWT’s initial trials in the US were very successful, and the scope for savings across the rest of the world is even greater, given the fragmentation of offerings across Latam, Europe and APAC.

Currently, CWT counselors manually rebook approximately 1 in 20 itineraries with the same flight or hotel at a lower rate. Fully automating the process will further improve that rate. CWT is committed to an ambitious global expansion of Price Tracking, targeting thousands of clients around the world over the next 18 months.

 

 

About MICE-Contact:

MICE-Contact is one of the most popular international leading Media and PR Magazine dedicated to the global meeting industry. The weekly "MICE-Business Travel News" is subscribed by more than 96,300 MICE executives, key buyers and journalists around the globe.

MICE-Contact cooperates closely with a number of organisations and we are represented at all major trade fairs around the globe and exclusively cover the newest trend and events. Our readership works and represents the business travel industry and appreciates our first-hand reporting which is editing by professional journalists.
Our press distribution reaches thousands of travel professionals and hundreds of journalists from all over the world.

Submit your press release here

All marketing and PR solutions at a glance

Calendar of Events 2018

 

 

 

 

By: MC Media Group International Global Office Berlin | Editor-in-Chief Werner Kreis

Contact email: info@mice-contact.com