Can I cancel a hotel booking and rebook at a lower price?
Yes if your booking has free cancellation - rebook first, then cancel the original. Non-refundable rates rarely benefit from this strategy.
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How to do it safely
Step 1: Verify the new price holds
Confirm the lower rate is for the same room, dates, and refund policy. Sometimes "cheaper" rates are actually a smaller room or non-refundable terms.
Step 2: Book the new rate
Complete the new booking and get the confirmation in writing. On trip1 you'll receive an email with the new booking reference.
Step 3: Cancel the original
Once the new booking is confirmed, cancel the old one. trip1 sends the refund back to your wallet via CoinGate within 24-48 hours.
Why this rarely helps with non-refundable bookings
Non-refundable bookings forfeit the full amount on cancellation. The new rate would have to be cheaper by more than the entire original booking - which essentially never happens. Hold on to the original.
Cancel and rebook at a lower price - FAQ
It means booking a free cancellation rate and rebooking if the price drops. Because you can cancel before the deadline without penalty, you keep checking the same room and dates. If a cheaper rate appears, book it first, then cancel the original. On trip1 the refund for the cancelled booking goes back to your wallet through CoinGate within 24 to 48 hours.
Sometimes, but not reliably. Hotel prices move with demand, so a quiet date can get cheaper as it approaches while a busy one usually gets more expensive. That uncertainty is why a free cancellation rate helps: you secure a room now and can still rebook if a lower price appears before your cancellation deadline.
Yes. Book the cheaper rate first and wait for the trip1 confirmation email with the new booking reference, then cancel the original. If you cancel first, the lower rate could sell out and leave you with neither booking. Before booking, check that the new rate is for the same room, dates and refund policy, since some cheaper rates are smaller rooms or non-refundable.
No. Cancelling a non-refundable booking forfeits the full amount you paid, so the new rate would have to be cheaper than the entire original booking for you to come out ahead, which essentially never happens. Keep the original. Rebooking at a lower price only makes sense while your current booking still has free cancellation.