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Patents Pending for tripBAM Hotel Booking Technology

October 17, 2013 Tech No Comments Email Email

 tripBAM™ provides a unique and different way for travelers to find great deals on hotels, so unique that now they have filed formal patents for their hotel cluster feature and their ability for preferred hotels to bid privately on hotel stays and create a new market for offering rates.

“We have a solution unlike anything that is on the market today or that has been on the market before,” said Steve Reynolds, president of tripBAM.  “Our features provide real savings for business travelers, companies, and leisure travelers that puts us well ahead of the rest of the travel market.”

tripBAM provides a cloud-based, fully automated service where travelers can create personal hotel clusters for ongoing daily rate monitoring.  As prices drop across this cluster, reservations can be automatically canceled and re-booked after traveler approval.  In addition, tripBAM has access to discounts providing rates that are better than the major online agencies and enables hotels to privately bid on individual hotel stays.  tripBAM provides travelers and corporations hotel rate assurance as well as the opportunity to save money while booking fully flexible rates.

For agencies and corporations, tripBAM can bias clusters toward preferred hotels and chains that provide negotiated discounts in order to improve supplier usage. For hotels, tripBAM allows preferred hotels to anonymously view travelers that have included their hotel in a cluster but staying at a competing hotel nearby.  Hotels can then offer rates through tripBAM on a one to one basis in order to improve occupancy, maintain profit margins, and avoid higher cost channels.

By using these patent pending processes, tripBAM is able to find savings on over 80% of the hotels searched and the average savings is over $50 per night.

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