“Wealth is the ability to fully experience life,” according to Henry David Thoreau, an American essayist, poet and philosopher. It’s a sentiment many people can relate to, for all the money in the world is next to useless if you don’t have time to enjoy the opportunities that wealth can provide.

Next to airline tickets, hotel stays can be the biggest ticket item on the travel budget. Just a few nights can add up to hundreds of dollars. Getting the best rate, however, is all about timing. The price of a room can change daily, according to demand.

TRIPBAM uses this principle to find significant savings on quality hotels for their customers and clients. Steve Reynolds, the company’s founder and CEO recently talked to RewardExpert and shared the company’s secret for catching hotel rooms at their lowest possible price.