Online travel agency Agoda is releasing a new feature called "Price Freeze", which allows customers to lock the best rates and pay a small deposit from at least one day up to 14 days, as a new option for individuals who are planning a holiday but still unsure of the exact period.
Price Freeze definitely makes bargain hunters happy since even if accommodation costs may rise or fall during the "amount freeze" period, consumers won't pay more than the agreed-upon price and, in fact, will save more money if the price falls. If guests opt not to book a reservation during the authorised price freeze period, just the initial deposit is forfeited.
