Monday, 3 December 2012
Tofino Resorts - Advanced Bidding Strategies For Priceline's Name Your Own Price
You can get pretty good deals most of the time and amazing deals some of the time. That's part of the reason I love Priceline. But I don't enjoy paying $200 or more per night, i love staying at luxury hotels when I travel.
Etc), 4-star, 5-star, . You do know the general area of the hotel and the hotel classification (e.g. The catch - you don't know the hotel brand and exact location until after you name a price and your 'bid' is accepted. Priceline has a unique feature called 'Name Your Own Price' where you actually name the price you're willing to pay for a hotel. Here is a basic overview, if you are not familiar with how Priceline works.
It is best to use Priceline when you are flexible on hotel location and your travel dates won't change. You may get a hotel brand you don't like or a hotel lacking a particular amenity you wanted, and second, reservations are almost never refundable, the drawbacks - first. The major benefit of using Priceline is that you can save a lot of money!
Or change your dates/destination, use a different credit card, you have to wait 24 hours, if your offer is rejected. You basically only get one kick at the can in a 24 hour period for any given travel date and destination. Nice try. And so on until it's finally accepted, then $3, then rebid at $2, and if your bid is not accepted, you might think of starting at $1. The hardest part about 'bidding' on a hotel with Priceline is determining how much to offer.
A website dedicated to helping people identify Priceline hotels and prices, a great way to identify what hotel you might win is to use the Priceline Hotel Inventory from HotelDealsRevealed.com. Suppose you wanted a 5* hotel in Las Vegas on the Strip, for example. The first thing you should do is try to find out what hotel you might win if your bid was successful. It is best to first do some research, so before you book a hotel on Priceline.
You can also check out HotelDealsRevealed.com forum where people share their winning Priceline bids. Then subtract 10% to 30% as your bid, check out some of the other travel websites. So you want your bid to be high enough to win but low enough to save money, you don't have an unlimited number of chances to rebid, remember. The next step is to determine how much you should bid, if you're happy with the hotels you might win.
Here's an advanced strategy: but for deeper discounts, the above techniques will save most people money most of the time,
But here's how you get around that, you can't ordinarily rebid for 24 hours, remember. You put in a bid on Priceline for $100 for a 5-Star hotel in Las Vegas Strip South and it is rejected, with this information. Etc, travelocity, you do your research and going rates for 5 star hotels are around $150 for your travel dates on Orbitz. Suppose you want to stay at a 5 star hotel on the southern part of the Las Vegas Strip on a particular date.
So you can choose which part(s) of the city you want to stay, las Vegas is broken into 12 different areas, for instance. Priceline breaks cities up into many smaller areas.
. . I'll explain. Add an area that doesn't have a 5 star hotel. There is a better way. You could get stuck with a hotel in a location you don't want. But what if you don't want to stay on the north part of the Strip? Add Las Vegas Strip North and rebid without having to wait 24 hours, for example, you could. Priceline will let your rebid immediately as long as you add another area to your bid.
I'm going to start my first bid at $100 for a 5-star hotel room in Las Vegas Strip South. There are 9 areas in Las Vegas that don't have 5 star hotels, sticking with my Vegas example. Check Priceline to find all the areas in your city that don't have 5 star hotels, before you make your very first bid.
I would get 9 chance to bid using this technique, in fact. And so on, i'll add another area that doesn't have a 5 star hotel and bid at $110, if my second bid gets rejected. I won't get a hotel in that area but I might get a hotel in Las Vegas Strip South at $105. I know I'm safe, ) Since I know Las Vegas Strip East doesn't have a 5 star hotel. Priceline allows this, (Yes. Las Vegas Strip East) and rebid at $105, . I'm going to an area that doesn't have a 5 star hotel (e.g. No problem, if my bid gets rejected.
Enjoy your travels! Just be careful not to add an area that DOES have a 5-star hotel or you might end up with a hotel in an area you don't want.
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