Published on : Thursday, October 26, 2017
A leading travel app named ‘Hopper’ that has been enabling people to seek the ideal time to fly with an aim to helping save money is currently planning to expand its price estimation service to hotels.
The company claims that its price prediction technology is capable of saving users $34 per night, on average, while booking a hotel room via its service, or up to $90 per night in the best circumstances.
This application is already one of the better flights search tools on the market as of now.
It is because of its ability to make determinations about the ideal times to fly which it does by analyzing historical ticket prices. The app itself is quite popular with more than 17 million installs and a #13 rating in the travel category on the U.S. App Store.
During September 2017 the company mentioned that it monitors 10 to 15 billion flight prices per day and is selling $1.5 million in flights per day to its app users.
But then this is the first time the brand has offered the ability to search for travel deals beyond flights in the two years since its debut. As it does with fli9ghts the brand new version of Hopper would be able to predict future hotel pricing and suggest clients when to buy or wait to obtain the best deal on a room rate. Hopper claims that its technology is 95% appropriate up to six months in advance and therefore it can be utilized for planning trips fat in the future.
Hopper clams that its technology collects 10 million hotel price quotes daily for more than 500 hotels in New York that it its very first market and has been able to assimilate more than a year’s worth of data.
Frederic Lalonde who is the CEO of Hopper mentioned that the main difference is that travellers observe air travel as a commodity and are used to make their purchase decision strictly based on price and therefore they would be able to provide an overall price prediction for their trip.
Lalonde has added that for hotels they have added a more granular approach to price predictions because every hotel has a different pricing strategy and travellers do not generally solely base their decision on price.
The unique service is likely to give competition to numerous hotel deal-finding apps that are already existent on the market, for instance the ones that help people to book last minute hotels.
The hotel rates are also demonstrated on a color-coded calendar, like flights and would be functional only for hotels in New York City for the time being.
The company has mentioned that it would soon be rolling out its services to 10 other major markets including San Francisco, Los Angeles, Miami and others.