Thayer Ventures backs TripBAM vision to transform hotel shopping with $1 million round
Still a fair amount of investment money kicking about for newbies in the hotel sector as TripBAM picks up a $1 million round from Thayer Ventures.
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.