Tingo, New Travel Site, Promises To Rebook Rooms When Rates Drop

Tingo, a travel website that says it automatically rebooks hotel rooms when the rate drops and refunds customers, joins the online world today.
It’s owned by Smarter Travel Media of Boston, which offers these potential savings based on rates from February:

Number of Hotels with Price Drops in Popular U.S. Markets February 2012:
• New York: 218 hotels. Prices dropped an average of $46
• Los Angeles: 105 hotels. Prices dropped an average of $35
• Las Vegas: 135 hotels. Prices dropped an average of $26
• Chicago: 87 hotels. Prices dropped an average of $37
• Orlando: 189 hotels. Prices dropped an average of $25
Recent examples of Money Back refunds:
• 2 nights Wynn, Las Vegas
Booked Jan 27th 2012 at $1,243
Check-in Feb 23rd at $724
Money Back: $519
• 1 night Casablanca, New York City
Booked Jan 26th 2012 at $499
Check-in Feb 14th at $365
Money Back: $134
• 1 night Chesterfield, London
Booked Jan 27th 2012 at $90
Check-in Feb 24th at $63
Money Back: $27