Earny Announces Expansion to Travel Price Protection with 'Earny Hotels'
This new offering is Earny's first foray into travel and offers users access to exclusive hotel rates when prices drop on existing reservations
SANTA MONICA, Calif., Jan. 30, 2019 /PRNewswire/ -- Earny, the consumer advocate service with a mission to make sure that every payment is price protected, today announced the launch of its new hotel price protection offering, Earny Hotels, in partnership with Priceline Partner Network (PPN).
Earny Hotels marks the company's official expansion into the travel vertical and works by notifying users when their existing hotel reservations drop in price, then offers the option to rebook at a lower rate exclusive to Earny users. Earny Hotels protects all reservations users make across a variety of hotel booking platforms.
Based on the company's insights on the current hotel landscape, the average lead time between guests booking a hotel reservation and checking in is about 42 days, during which Earny has identified major price drops. With 70% of hotel reservations being refundable, Earny Hotels' unique price tracking ability is expected to save users an average of $75 per stay, and predicts more than $1 million in potential savings for its users on day one.
"At Earny, we're committed to making sure that consumers never overpay for their purchases, regardless of the type of transaction," said Oded Vakrat, co-founder and CEO of Earny. "We've been leading the e-commerce space with retail and credit card price protection, and we're really excited to provide our users the confidence to book hotel rooms at any given time. We're working on adding more services like Earny Hotels to our network. It's going to be a year of expansion and personalization for Earny."
In addition to Earny Hotels, Earny also automates the credit card and retailer price protection process by issuing refunds to users when prices drop on products they've already purchased. Earny works with most credit card companies that offer the benefit, and with more than 30 major retailers including Walmart, BestBuy, Costco, Amazon, the Gap Group, Macy's, Nike, Nordstrom, Overstock, Target and more. Earny currently has more than three million active users and has claimed tens of millions of dollars in refunds since the company launched in May 2016.
Priceline Partner Network (PPN) is the partnership brand of Priceline.com. Turnkey technology will enable Earny to be their own deal maker with exclusive savings in hotel bookings. The proprietary booking engine is customized to specifications and optimized to serve customers seamlessly from any device.
To learn more about Earny Hotels, visit www.earny.com or download the Earny app on iOS or Android. Media assets can be found here.
About Earny
Earny is a consumer advocate service with a mission to help consumers shop with confidence and to make sure that every purchase is price protected. Earny ensures that people are never overpaying and are getting unclaimed dollars back in their wallet. Earny automates price protection for credit card and retail purchases by getting users refunds whenever prices drop on their purchases, as well as money back on refundable hotel reservations. Earny is based in Santa Monica, California.
About Priceline
At Priceline.com, part of Booking Holdings, we believe that every trip matters. We provide travelers smart and easy ways to save on hotel rooms, airline tickets, rental cars, vacation packages and cruises. With access to over 600, 000 properties of all types, consumers can find accommodations with a Best Price Guarantee as well as free cancellations and pay-at-arrival. Priceline.com's Express Deals offers exclusive savings without bidding and our famous Name Your Own Price service delivers the lowest prices available.
SOURCE Earny
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