What if you found out that the hotel room you booked was $50 cheaper when you checked in? How about $100 less -- or maybe even $500?
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Hotels lower their rates more often than you might suspect, and a new Web site is helping travelers cash in on those price drops. Launched today by Smarter Travel Media (a TripAdvisor company), Tingo automatically rebooks your room at the lower rate if the hotel drops its price. Then you'll get a refund for the difference.
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Americans could have saved nearly $314 million in 2011 if they had taken advantage of these price drops, according to data collected by Tingo. The average price drop is $35, but it can be much more. For example, the price on a two-night stay at the Wynn Las Vegas booked January 27 had dropped $519 by February 23.
To take advantage of Tingo's price-drop refunds, you have to book at a hotel designated as "Money Back." But that doesn't mean you're limited to just a few hotels. Tingo's worldwide hotel inventory is powered by Expedia, and more than 95% of the hotels offer the opportunity for refunds.
After you book a room, Tingo will track your rate and send you an e-mail if the hotel lowers the price for any component of your stay. You'll get a new confirmation number, and your refund will appear on your credit card after you check out. Tingo does not charge any fees for rebooking your room.
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