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Old Oct 2, 2009 | 7:17 pm
  #19  
B1
 
Join Date: Apr 2000
Location: Toronto, Ontario, Canada
Posts: 3,665
Originally Posted by lewisc
...Certainly some of the money from over bidders goes to PL but a lot of the $$ from overbidders goes to hotels.
What is the point here? Priceline derives income from collecting more than they give the hotel. They try to induce higher bids at every turn - not to help the hotels. Their agreement is to match the bid to the nearest set price below the bid that meets the star and location request. Then they keep the difference. If someone infiltrates the system to make it so that they don't get this difference, they lose their major revenue stream. This does not affect the hotels.
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