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American Express Rolls Out Electronic ToolJanuary 17, 2006 By: Susan Young Travel Agent
American Express Business Travel unveiled what it terms "the first electronic solution for negotiating corporate meeting venues." This new e-auction solution brings corporations and hoteliers together in a transparent Internet arena. The new technology was developed exclusively for AEBT by StarCite, the provider of On Demand Global Meeting Solutions. American Express Business Travel says the technology will assist corporate buyers gain more control and better value from the funds spent on their meetings. Meeting buyers and procurement professionals can quickly identify and secure hotel partners for their meetings needs and review competitive package offers. The e-auction tool will be available this month for use by American Express' U.S.-based clients, with a global release later in the year.