Priceline and San Francisco/Union Square question
Jul 9th, 2005 | 11:51 AM
#22
Joined: Feb 2004
Posts: 23,073
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marg - Using your own SF USE example, this is what you should have done:
1. Go to Priceline and find out exactly what class of hotels in each zone. You should find that Cathedral Hill, Civic Center, Fishermans' Wharf and S. San Fran has no 4* properties. These are your free rebid zones. Make sure you go to Priceline.com to find out, and not just look at the list on biddingfortravel.com.
- Check biddingfortravel to see what winning bids people are getting for Union Square East. On the first page alone, you'll find that multiple winning bids for the 4* USE, people have been winning the Grand Hyatt for $70-75 and the Palomar for $80, in July alone.
- Now, since you think $100 is still a fair price, that should be the last bid if you have to use all your 4 free rebids. And since it's unlikely you'll get anything cheaper than $70, that's where you should start. [BTW, minimum winning bid for 4* on Priceline is $40. So, no point of bidding lower than $40.]
This is what you should have done:
- Bid USE for $70.
- If rejected, add one of the free-rebid zones, like Cathedral Hill and bid $75.
- If still rejected, add another for ~$80.
- If still rejected, add another for ~$90.
- If still rejected, add the last zone for $100.
Chances are you'll get yours for $70 or $75. Even if not, I'm sure $80 will do it. Save you at least $40, most likely $50, and if you're lucky and get the $70 bid accepted, save you $60.
That's how you do it.
This will not work as well, or at all, for smaller cities with fewer zones, or if there are no free-bid zones. But San Fran is easy to save money.
1. Go to Priceline and find out exactly what class of hotels in each zone. You should find that Cathedral Hill, Civic Center, Fishermans' Wharf and S. San Fran has no 4* properties. These are your free rebid zones. Make sure you go to Priceline.com to find out, and not just look at the list on biddingfortravel.com.
- Check biddingfortravel to see what winning bids people are getting for Union Square East. On the first page alone, you'll find that multiple winning bids for the 4* USE, people have been winning the Grand Hyatt for $70-75 and the Palomar for $80, in July alone.
- Now, since you think $100 is still a fair price, that should be the last bid if you have to use all your 4 free rebids. And since it's unlikely you'll get anything cheaper than $70, that's where you should start. [BTW, minimum winning bid for 4* on Priceline is $40. So, no point of bidding lower than $40.]
This is what you should have done:
- Bid USE for $70.
- If rejected, add one of the free-rebid zones, like Cathedral Hill and bid $75.
- If still rejected, add another for ~$80.
- If still rejected, add another for ~$90.
- If still rejected, add the last zone for $100.
Chances are you'll get yours for $70 or $75. Even if not, I'm sure $80 will do it. Save you at least $40, most likely $50, and if you're lucky and get the $70 bid accepted, save you $60.
That's how you do it.
This will not work as well, or at all, for smaller cities with fewer zones, or if there are no free-bid zones. But San Fran is easy to save money.
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thebestpuppeteer
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Jan 6th, 2012 01:15 PM
