HotelSlash automatically searches for precise room matches at reduced rates while looking for room upgrade opportunities and other amenities. Credit: Customdesigner on Shutterstock.

Founders of car rental booking platform AutoSlash have launched HotelSlash, a hotel booking website designed to help travellers obtain the best deals on accommodations.

HotelSlash is a membership-based platform that services both prepaid and pay-at-property bookings.

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It offers customers access to exclusive deals and discounts at more than one million hotel properties globally.

The platform tracks reservations for a reduced price and notifies customers about the price drop.

Using a proprietary algorithm, HotelSlash automatically searches for precise room matches at reduced rates while looking for room upgrade opportunities and other amenities.

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Early customers of the service can save up to 30% on hotel rates on average when booking about a month before their arrival date, the company claims.

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HotelSlash offers travellers two modes to save money with this service: customers can book directly through HotelSlash and can book a refundable hotel reservation through any website and HotelSlash will observe it on behalf of the customer.

HotelSlash co-founder and CEO Jonathan Weinberg said: “We’re excited to take the wraps off HotelSlash and officially introduce it publicly.

“HotelSlash provides exclusive, members-only access to exceptionally discounted rates, which are currently unavailable to the general public, for over one million properties worldwide. It’s like price protection for your hotel reservation.”

The annual subscription for the service is $29.95 and features a 100% no-questions-asked money-back guarantee.