TripAdvisor’s Tingo Gives Money Back for Hotel Bookings
by Jimmy Im
If you didn’t think hotel discounts could get any more attractive, think again. Launched few weeks ago by TripAdvisor, Tingo is a new booking site that promises users an instant refund of the price difference if the rate at which they reserve a room drops. Sound too good to be true? It’s not.
Here’s how it works: Tingo allows users to book virtually any hotel available on Expedia and then automatically tracks the rates of the property. This means that users don’t have to watch prices on their own to get a better deal, so you’re guaranteed to get the lowest possible rate on the hotel booking. Tingo is the first site to automatically rebook a hotel reservation if the price drops, and consumers save on the difference with a refund (Orbitz has a price assurance policy with a similar plan, but unlike Orbitz, you qualify for a refund at Tingo regardless of whether another traveler has also booked the lower rate).
The company says about a third of rooms drop in price between booking and check-in, and because you’re so busy, you’re not monitoring this. In comes Tingo to watch the prices for you and give you the difference provided there is a price drop (if the price never drops, obviously nothing happens).