Egencia launches new AI-powered hotel rate cap tool
Egencia, business travel management firm backed by Expedia Group, announced the launch of a new hotel policy configuration feature.
It uses AI-powered algorithms to automatically and dynamically adjust hotel price caps according to the local market data.
It is also the first feature of its kind that is personalised to a company’s travel policy groups and its corporate booking behaviour.
Unveiled at the Business Travel Show, Egencia’s new tool uses machine learning to automate the aggregating of real-time hotel prices in a specific location to identify a market median.
It uses it to configure a price-per-night cap for any traveller booking a room in that town or city.
It results in freeing up valuable bandwidth for travel managers, and constantly adjusts for market fluctuations.
John Sturino, Vice President of Product, Egencia said: "The dynamic hotel rate cap feature leverages technologies to help companies and travellers manage uncertainty and respond to fluctuations in a volatile market."
Most companies set hotel rate caps manually by city or destination, a time-consuming process that involves analysing previous booking behaviour and investigating local market rates.
As a result, corporates typically prioritise setting price caps for the biggest or most frequently visited destinations but potentially lose out on savings in smaller towns or cities.
The new feature also enables travel managers to personalise hotel rate caps for the different travel policy groups that exist within an organisation.
The feature also integrates with Egencia Analytics Studio allowing travel managers to benefit from detailed reporting and visual dashboards that clearly demonstrate the median rate, booked rate and the savings.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026