A global energy company knew that there was an opportunity to identify significant savings on fluctuating airfares. But, it couldn't find the right technology to monitor the fast-changing fares.
Corporate Travel Operations Manager for the energy company
Enter Price Optimization. Working with CWT and its central fulfilment team, the company was quickly able to implement a post-ticketing solution. Price Optimization started by looking at airfares purchased in the US - including non-penalty tickets and tickets still in the void window. It then tracked hotel rates in the US, before expanding to key markets including the Netherlands, Germany, Australia, Singapore, Canada and the United Kingdom.
Since inception, the client has realized savings of 1.05% of US air spend and 1.77% of US hotel spend. Their average saving is $231 per air rebooking and $114 per hotel rebooking – resulting in a possible per trip average saving of $345. CWT's solutions have also helped to reinforce advanced booking behavior endorsed by our customer.
Corporate Travel Manager
With the success of the initiative, the client has started rolling out our solutions to multiple other countries as they become available, enabling even more company-wide money saving opportunities.
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