If you haven’t heard, Autoslash was a website that let you book car rentals and then re-booked you whenever they could find a better price via price drops or discount codes. It worked well for me in the past. Then the major car rental companies (which are really 3 huge companies with 10 different names) stopped allowing them to provide quotes. Things do not look good for them.
Tingo.com is a new site that wants to do basically the same thing but with hotel rooms. You book a room, and if there are future price drops, they’ll rebook the same room at the new lower price. It appears that you have to pay for the room upfront, and then future price drops are refunded to your credit card.
I like the idea, and I don’t see why you wouldn’t try them out if they give the same upfront rate as other big sites like Expedia, Travelocity, Orbitz, etc. (I tried a few dates and places and Tingo did offer the same prices.) It would seem you have nothing to lose? But given what happened to AutoSlash, don’t be surprised if they receive a corporate smackdown as well. I do see that Tingo is a subsidiary of TripAdvisor, so maybe they have cleared this with the major hotel chains.