TripBAM, the hotel rate shopping and analytics service provider, announced the release of its new tool, TripBAM Benchmarking.  The company said that, among other benefits, the solution allows travel managers in real time to accurately grade hotel, brand and chain performance regarding discounts received and last-room availability. The tool, according to TripBAM, has the potential to reduce overall hotel spend by as much as 10 percent. Steve Reynolds, CEO, said the company has been working on the product for over a year and that by using it “travel managers can take a more proactive, efficient and dynamic approach in managing their hotel program.” TripBAM Benchmarking is available to all of the company’s clients for free in 2018 and at an upgraded subscription cost starting in 2019.