In travel technology news today, Concur, an integrated travel and expense management company, announced a $5 million dollar investment in the Yapta airfare and hotel rate tracking service. Accordingly, Cloncur will now use Yapta exclusively for their TripIt Pro user accounts.
According to the news, both parties intend to align strategically to take advantage of opportunities for integrating too. Yapta technology conducts price checks to the tune of hundreds of millions saved by travelers so far. Rajeev Singh, President and COO at Concur, had this to add about the investment and the strategic alliance:
“In today’s economic environment, travelers are looking to get the best value from their travel spending. Many travelers aren’t even aware that that they could be eligible for a refund on their flight if the fare drops. Concur has a great opportunity with Yapta to help travelers using TripIt Pro to capture the airfare savings that they deserve. We’re excited that two leading companies in the Seattle-area are coming together to help travelers save money.”
One of Yapta’s biggest plusses is their price protection aspect, which ensures clients they will realize actual savings. Domestic airlines have begun initiatives that refund dollars when airfares drop dramatically, and Yapta helps customers take advantatge of cost savings programs. As for TripIt Pro, this cutting edge, yet simplified organizational tool has been adopted almost wholesale by the business traveler community. And for those TripIt customers, they will now be notified if a possible refund is available.
For more information about this news, the reader should consult the original press release, visit TripIt, or the Yapta official website. Alternatively, they can also visit the Concur site , or their Facebook aspect as well. You might also want to read Richard MacManus’ coverage on ReadWriteWeb of the Concur-TripIt business potential.