Carlson Wagonlit Travel (CWT) has introduced a Price Tracking tool that enables automatic scanning of flight and hotel prices on existing bookings, and rebooking if savings is found.

The tool automates what was previously a manual process. 

"Currently, CWT counselors manually rebook approximately 1 in 20 itineraries with the same flight or hotel at a lower rate," CWT said. "Fully automating the process will further improve that rate."

In testing, Price Tracking delivered savings equivalent of up to 2% of total travel spending, according to CWT. Patrice Simon, chief technology officer of strategy and new product development, called that "a huge sum of money" for companies with large travel programs.

CWT partnered with airfare/hotel price-tracker Yapta to create Price Tracking. The travel management company said Yapta performed better than other competing technology providers.

 

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