Yapta Study Shows Hotel Prices and Airfares Lower Than Negotiated Rates
A new report from Yapta, which tracks airfare and hotel prices, found that public hotel rates were frequently lower than negotiated rates; and that negotiated airfares were frequently higher than publicly available fares. “The results of this study revealed a number of interesting data points, but the insight on the performance of negotiated rates and fares, when compared to public rates and fares, is certainly intriguing,” said James Filsinger, president and CEO of Yapta. “The findings bring into question why corporate travel managers endure the lengthy, time-consuming, and cumbersome RFP process when dynamic, publicly available pricing undermines those efforts.” The study was based on the observation of over 5 million travel itineraries, equating to approximately $3.7 billion in spend by large and mid-sized corporations. It was conducted using FareIQ, Yapta’s airfare price tracking solution, and RoomIQ, Yapta’s hotel price tracking solution, over a 12-month period ending April 30, 2017.