Booking Business has recently launched a new Business Hotel Room Prices Benchmarking Tool.
“The most damaging phrase in the language is ‘we’ve always done it this way!’” This famous quote, from legendary Admiral and computer expert Grace Hopper, nicely sums up how a lot of travel managers still view the best way of finding those all-important corporate discounts. For as long as can be remembered, it’s been a case of negotiated rates. Travel managers try to wrangle a deal, months in advance, in the hope of shaving a few bucks, with the same old hotel companies. But with prices constantly changing, why chain yourself that far in advance? What if there was a way to get the best deals, in one place, at the touch of a button – for pretty much any city on your company’s travel itinerary? That’s where our trailblazing new benchmarking tool comes in. Designed and developed by Booking.com’s business intelligence team, and built on an internal dashboard called tableau, you can type a city into the tool and see the average price throughout the year. “The City Benchmarking Tool can help a travel manager setup travel budgets for their travellers, for any city in the world, based on particular criteria they might have”, says Oli Thuong, Team Lead & Data Scientist at Booking.com.