Get alerts at RateDrop. However, earlier today i expanded upon this in reply to another post which have searched for and you can read here: Priceline Bidding Close to Arrival Date. Hotels and airlines use highly sophisticated software for revenue management. This software is capable of forecasting or more days into the future, with relatively high accuracy, how many rooms of a particular room type standard, suite, etc. These forecasts are based on highly statistical models that take into account years of booking history for each property.
The number of bookings allowed under such a deal is likely to be only enough to make up for the shortfall between actual and expected bookings. Once the bookings match the forecast, the deals will be retracted unless actual bookings continue to dip. Because you don't know the date ranges that apply to these various periods, it makes it very difficult to guess or intuit when a property will put its rooms "on sale". Further conflicting the matter is that the software can also calculate a "cost to serve" a particular reservation at a particular time.
Logically, consumers assume that the costs for a room are rather fixed and that any offer "above cost" should be money in the bank for the hotel. So why shouldn't they offer the rooms? So, you can expect these bid-revealing sites to increase alongside Priceline. Use them wisely. Start by checking the going rate through the sites of major airlines, hotels, car rental firms, etc.
Expedia and Travelocity are helpful for this research. For hotels, survey a few four-star properties, then move down to some three-stars or even two-stars nice rooms, no gift shop in the lobby. Next, go to the bulletin boards to look at successful and unsuccessful bids, then act accordingly.
Economic conditions change with holidays, travel seasons , world events, and other variables. Be patient. If you have several months with which to work, don't be too quick to bid a high amount or lower the quality rating. It's possible to pay half-price for a Manhattan hotel room using Priceline , but remember your results will vary.
Sometimes, you'll beat that standard. Other times, you might scramble to earn a small discount. Exercise patience and savvy. Happy hunting! Actively scan device characteristics for identification.
Use precise geolocation data. The problem, however, is that this can backfire on you. In some cases, selection dries up and prices increase. Therefore, I recommend only booking last minute if you are prepared to take the risk of not getting a hotel or having to pay extra. Find out how much other travelers have paid for their hotel room on Priceline.
It is worthwhile to find out how busy your destination will be during your travel dates. Are you traveling during peak season or events that will cause an influx of visitors? Peak travel season, spring break, conferences, and other major events and holidays can have significant implications on the availability and price of hotels on Priceline. If your destination will experience high occupancy rates due to an influx of travelers, I recommend booking at least 2 months in advance, and ideally 3 to 4 months in advance.
If you are traveling during low season or shoulder season, bidding on Priceline 4 to 6 weeks in advance is ideal. Book at least 3 to 4 months in advance if your destination will experience high occupancy rates. Your destination also plays an important part in how far you should book in advance. Hotels in popular destinations such as New York and London always have a high occupancy rate and may be sold out if you book too later.
During peak periods, it may be necessary to book even earlier than 4 months in advance. On the other hand, there are so many hotels in Las Vegas that you can always get a room on Priceline no matter what the occasion. Am I a hotel snob!? Do you know how close to your desired hotel date you can book? Within 24 hours? Can you see it before you book? Thanks for your ideas! Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
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