The company hopes the investment will further its vision to transform the way travelers book hotels in the $10 trillion global travel and hospitality industry.
TripBAM allows travelers to book hotels at the best rate possible by monitoring the changing price of a particular room. When a lower price is available, the service informs the traveler, who can then cancel and re-book at that lower rate.
The service will also continually monitor a selection of hotels and e-mail the traveler daily with updates as the service searches all of the booking sites automatically.
Read full story at: http://www.tnooz.com/article/thayer-ventures-backs-tripbam-vision-transform-hotel-shopping-1-million-round/#sthash.zxJZlSSq.dpuf
