Automatic multi-agency competition
Every search is sent simultaneously to approved agencies and 150+ sources. No booking leaves without a contest — and no supplier becomes a black box.
Continuous BID for corporate travel
What is a BID — and why every search should be one
A BID is the contest between suppliers for your booking. In the traditional model, it happens once a year in a slow RFP. At Loupit, every flight, hotel or car search is already a new BID: multiple approved agencies quote at the same time and the best offer wins.
- 150+
- sources and agencies competing on every marketplace search
- 100%
- of bookings with quotes compared side by side
- 365
- days a year of competition — not just RFP week
What a BID is in corporate travel buying
Continuous BID for corporate travel
A BID is the competitive process in which suppliers submit proposals for the same demand — and the buyer picks the best combination of price, service and terms. In corporate travel, a BID makes agencies and fare sources compete for the same trip, under the same policy and parameters.
In the traditional model this process is rare and expensive: the company runs an RFP once a year, picks one agency and spends the other 364 days buying without competition. The negotiated contract price goes stale, inventory changes daily and nobody can say whether each booking was made at the best possible value.
Loupit was built to end that contradiction: instead of a yearly BID, the marketplace turns every search into a new BID — continuous, auditable and comparable.
How a BID forms, search by search
From the traveler's search to the winning booking, every BID step happens inside the platform — no spreadsheets, no parallel emails, no pricing black box.
1. The search opens the BID
The traveler or manager searches for a flight, hotel or car with the trip parameters. At that moment, demand is distributed to the approved agencies and sources connected to the marketplace.
2. Suppliers quote the same demand
Each agency answers with its best options for the same itinerary, within the company's travel policy. Quotes arrive in a standardized, comparable format.
3. Offers are compared side by side
Total price, fare rules, baggage, refundability and service SLA appear on the same screen. Live comparison removes guesswork and shows the real savings of each alternative.
4. The best offer wins the BID
The booking goes through the winning offer, with approval flow and cost center recorded. The BID result stays auditable — and feeds the benchmark for the next search.
How Loupit optimizes every search up to the final BID
The continuous BID doesn't end at booking: AI agents, enforced policy and price history make every new search start better than the last.
AI that re-shops fares after booking
SkyAlert keeps monitoring the issued ticket: if the fare drops, the booking is re-shopped at the lower price and the difference goes back to the company. The BID continues even after purchase.
Travel policy enforced in the cart
Fare caps, minimum advance purchase and preferred suppliers are part of the search itself. Only approvable options appear — out-of-policy spend is blocked before it happens.
Fare calendar and cheaper dates
Before opening the BID, the platform shows which dates carry the lowest fares. Moving a trip by one day can be worth more than any negotiated discount.
Benchmark and history for every route
Every BID produces data: price paid, savings captured, winning agency and response time. History becomes negotiation leverage and proof of savings for procurement and finance.
Continuous agency curation
Agencies with low performance or that fail quality requirements leave the marketplace. The BID gets stronger because only suppliers that deliver keep competing.
Continuous BID vs annual RFP: what's the difference?
The traditional RFP negotiates rates and fees once a year with a single agency. It's slow, relies on samples and leaves day-to-day buying without competition. Loupit's continuous BID keeps the contract and vetting, but moves the contest to where price is actually formed: every search.
The two models don't exclude each other — vetting and SLAs still apply. What changes is that the best offer stops being a contract promise and becomes proven booking by booking.
- Annual RFP: one contest a year, table-negotiated pricing, no day-to-day comparison
- Continuous BID: one contest per search, real market pricing, live comparison on every booking
- Proven savings: each booking shows the savings captured against the BID's own alternatives
- Monitored contract: agency SLAs and performance measured per booking, not by sampling
Frequently asked questions about the BID
Continuous BID for corporate travel
Put agencies to compete for your company
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- Real-time multi-agency comparison
- Travel policy and approvals included
- Integrated expense from day one
- 24/7 support
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Corporate travel marketplace
