Netherlands-based Lean Travel Management has partnered with technology firm Trappit to give its clients access to a reshopping tool to take advantage of lower post-booking airfares.
Lean Travel Management, which specialises in contracting airlines, hotels, rail and car rental companies, works with SMEs and European-based corporates by offering them access to joint contracts through “volume bundling” across 40 travel suppliers.
The new deal with Madrid-based Trappit allows Lean’s clients to benefit from fare price drops after making their initial flight booking by using Trappit’s inhouse ARPO (Airline Revenue Price Optimisation) software to monitor prices.
ARPO “continuously scans for a lower fare everywhere air tickets are available”; if a lower price is found, the client’s TMC receives a notification so the flight can be rebooked.
Ton Stuurman, co-owner of Lean Travel Management, said: “Reshop technology is a proven technology that perfectly fits with our current proposition. This technology is mainly used by very large corporates with a travel spend of tens of millions. Via Trappit, this technology is available for SMEs and corporates with annual travel spend from €800,000.”
Lean estimates that by using both reshopping and joint contracts, travel costs can be reduced by between five and eight per cent for clients.
Angel Maroto, who is Trappit’s CEO and general manager (US), added: “Large corporates have been using our innovative reshop solution for years and are realising major savings. We are excited about the opportunities and we expect this collaboration with Lean Travel Management will boost the roll out of our reshop solution ARPO in Europe.”