A new website called Trip Rebel—currently in beta—is aiming to be the next Tingo. The concept is simple: You book your hotel stay through the Germany- and Austria-based site, which currently lists more than 200,000 properties around the world. It then tracks your reservation for price reductions every day until you check in. If the price drops, you’ll be automatically re-booked at the new rate, and the difference is refunded to your credit card.
There’s no limit to how much you can receive, and you can adjust your “money back level”—or the amount at which you would want to get a refund (it defaults at 1 euro). When booking, you can filter by type, room features, TripAdvisor rating, and amenities (including the puzzling “accessible path of travel” and “accessible bathroom”).
Of course, there are a few downsides: it doesn’t work with nonrefundable rates, and most reservations are paid at the time of booking, instead of when you check out. And unlike Tingo, Trip Rebel does not offer room upgrades (yet). So far, the company calculates that the average rate reduction after booking is about $27—ranging from $17 in Rome to $66 in Cancun.
Brooke Porter Katz is an Associate Editor at Travel + Leisure. Follow her on Twitter at @brookeporter1.