Hotwire as an upper limit for Priceline bidding
#1
Original Poster
Join Date: Nov 2004
Location: Oakland
Programs: AA Explat, UA former 1K + PremExec, DL
Posts: 1,151
Hotwire as an upper limit for Priceline bidding
I use the general strategy outlined on sites like Bidding for Travel and Better Bidding; i.e. zone by zone incremental bid increases over time. I only look for 4+ star properties and have generally been satisfied with the results.
You see, on some of these sites, people saying that you should never bid more than the Hotwire price for the similar properties, which of course makes a lot of sense. One of course needs to account for the uncertainties in comparing the hotel pool, using the hotel lists for the two different sites, but how much price differential, if any should one shoot for? If it's small enough, why bother with Priceline at all?
I am looking at Barcelona and Madrid and have been working my way up- right now I am at about $75-78 for 4 stars going for about $99-108 on Hotwire and $115 for 5 stars going for $149-151.
Any sense from the board what the successful differential will be? Is there a sweet spot in terms of timing? I'm about 25 days out right now.
You see, on some of these sites, people saying that you should never bid more than the Hotwire price for the similar properties, which of course makes a lot of sense. One of course needs to account for the uncertainties in comparing the hotel pool, using the hotel lists for the two different sites, but how much price differential, if any should one shoot for? If it's small enough, why bother with Priceline at all?
I am looking at Barcelona and Madrid and have been working my way up- right now I am at about $75-78 for 4 stars going for about $99-108 on Hotwire and $115 for 5 stars going for $149-151.
Any sense from the board what the successful differential will be? Is there a sweet spot in terms of timing? I'm about 25 days out right now.
#2
In memoriam
Join Date: Sep 1999
Location: Dallas, TX
Posts: 1,697
Have you read the BiddingForTravel Hotel FAQ? Why haven't you posted this on BiddingForTravel? As to why use Priceline at all if you're satisfied with Hotwire's price, because some people don't like spending $1 more than they have to. Of course that's not everyone but it is for some people.
#3
Join Date: Nov 2002
Location: New York City
Posts: 3,999
For Madrid, Priceline and Hotwire are not always the best options.
For example, take a look at this current NH Hotels sale:
http://www.flyertalk.com/forum/hotel...y-islands.html
If you sign up at the Sol Melia website, they often have amazing sales.
Failing that, take a look at kayak.com and hotelscombined.com .
Thus far, I've yet to find that Priceline or Hotwire offers the best deal in Madrid, particularly if you care about the location of your hotel. (I'm sure there are times when Priceline works out well for Madrid, just not when I've visited.)
For example, take a look at this current NH Hotels sale:
http://www.flyertalk.com/forum/hotel...y-islands.html
If you sign up at the Sol Melia website, they often have amazing sales.
Failing that, take a look at kayak.com and hotelscombined.com .
Thus far, I've yet to find that Priceline or Hotwire offers the best deal in Madrid, particularly if you care about the location of your hotel. (I'm sure there are times when Priceline works out well for Madrid, just not when I've visited.)
#5
Join Date: Jun 2004
Location: Santa Monica, CA
Programs: AA EXP 1MM, UA Silver, HHDmd, MBvLTPLT, PCAmb/Dmd, HYT Dis
Posts: 1,578
When looking at International cities you should also compare prices on Wotif as well.
I often use Priceline domestically - it usually is the basement price for a night in a given city. Especially for a single night. And usually you can get the same property for a few bucks less on priceline than hotwire (from the few times I went through the trouble to compare, was certain I deciphered the property on HW from the icons, and then got the same property via PL bid). Plus getting the absolute lowest price is part of the game. But Internationally have found things very different and like WillTravel said often you can find just as good a deal other places.
I often use Priceline domestically - it usually is the basement price for a night in a given city. Especially for a single night. And usually you can get the same property for a few bucks less on priceline than hotwire (from the few times I went through the trouble to compare, was certain I deciphered the property on HW from the icons, and then got the same property via PL bid). Plus getting the absolute lowest price is part of the game. But Internationally have found things very different and like WillTravel said often you can find just as good a deal other places.
#6
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Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
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One other thing to consider, for those who want to save every last dollar: the fees are not identical. On a 1-night test booking I just ran, Hotwire offered a $71 room, with taxes and fees, the total was $87.68. Same date/city/zone/star level on Priceline, a $71 bid totaled out to $89.60.
#7
In memoriam
Join Date: Sep 1999
Location: Dallas, TX
Posts: 1,697
swag, Hotwire's taxes and fees are less because part of their base rate does not go to the hotel. It's Hotwire's profit. That is a good illustration of Hotwire charging more than Priceline would for the same hotel since Priceline will accept a bid at their cost so you're not comparing apples to apples. Hotwire may appear to be less but they really aren't.
#8
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Join Date: Feb 2000
Location: Easton, CT, USA
Programs: ua prem exec, Former hilton diamond
Posts: 31,801
Maybe priceline would have taken a lower bid and maybe they would not, but this is an example of Hotwire costing less money.
#9
In memoriam
Join Date: Sep 1999
Location: Dallas, TX
Posts: 1,697
Your response is flawed, cordelli. Maybe that snow is freezing your brain.
#10
Ambassador, New England
Join Date: Aug 2001
Location: Maineiac, USA
Programs: Amtrak, WN RR, Choice
Posts: 2,655
Sheryl, am I remembering correctly that hotels can load multiple different rates into either the PL reservation system or the HW reservation system? I also seem to vaguely remember that it's somewhat of a "bucket" system, that if PL sells all of a specific hotel's rooms at the lowest bucket then it would then sell them at a higher one?
#11
In memoriam
Join Date: Sep 1999
Location: Dallas, TX
Posts: 1,697
Sheryl, am I remembering correctly that hotels can load multiple different rates into either the PL reservation system or the HW reservation system? I also seem to vaguely remember that it's somewhat of a "bucket" system, that if PL sells all of a specific hotel's rooms at the lowest bucket then it would then sell them at a higher one?
#12
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Join Date: Feb 2000
Location: Easton, CT, USA
Programs: ua prem exec, Former hilton diamond
Posts: 31,801
My mistake, I believed $87 was less than $89.
Not sure why you felt the need to add the snow insult, but if you can't back it up with facts, may as well insult the poster. Typical, can't argue on the facts, so insult the poster.
If you believe that $89 and change is less than $87 and change, so be it, me I'm going with Hotwire and saving a few bucks. You somehow believe that proves that Priceline is a better deal than Hotwire. Not sure what it has to do with where people live and what taxes they pay, $87 will always be less money than $89. Period.
Really, find a seven year old and ask what is the better deal.
Not sure why you felt the need to add the snow insult, but if you can't back it up with facts, may as well insult the poster. Typical, can't argue on the facts, so insult the poster.
If you believe that $89 and change is less than $87 and change, so be it, me I'm going with Hotwire and saving a few bucks. You somehow believe that proves that Priceline is a better deal than Hotwire. Not sure what it has to do with where people live and what taxes they pay, $87 will always be less money than $89. Period.
Really, find a seven year old and ask what is the better deal.
#13
Join Date: Oct 2006
Location: USA
Programs: DL PM, Hyatt Globalist
Posts: 2,367
I use the general strategy outlined on sites like Bidding for Travel and Better Bidding; i.e. zone by zone incremental bid increases over time. I only look for 4+ star properties and have generally been satisfied with the results.
You see, on some of these sites, people saying that you should never bid more than the Hotwire price for the similar properties, which of course makes a lot of sense. One of course needs to account for the uncertainties in comparing the hotel pool, using the hotel lists for the two different sites, but how much price differential, if any should one shoot for? If it's small enough, why bother with Priceline at all?
I am looking at Barcelona and Madrid and have been working my way up- right now I am at about $75-78 for 4 stars going for about $99-108 on Hotwire and $115 for 5 stars going for $149-151.
Any sense from the board what the successful differential will be? Is there a sweet spot in terms of timing? I'm about 25 days out right now.
You see, on some of these sites, people saying that you should never bid more than the Hotwire price for the similar properties, which of course makes a lot of sense. One of course needs to account for the uncertainties in comparing the hotel pool, using the hotel lists for the two different sites, but how much price differential, if any should one shoot for? If it's small enough, why bother with Priceline at all?
I am looking at Barcelona and Madrid and have been working my way up- right now I am at about $75-78 for 4 stars going for about $99-108 on Hotwire and $115 for 5 stars going for $149-151.
Any sense from the board what the successful differential will be? Is there a sweet spot in terms of timing? I'm about 25 days out right now.
I think a better strategy is to see what results have been posted on betterbidding.com since you can directly compare HW to PL on that site as it offers support for both.
#14
Ambassador, New England
Join Date: Aug 2001
Location: Maineiac, USA
Programs: Amtrak, WN RR, Choice
Posts: 2,655
Okay, then perhaps you could see where I'm going with this... if PL sells all of its available rooms at a particular hotel at the lowest bucket, but HW has not yet sold all of its lowest bucket rooms for that hotel, wouldn't HW end up being the cheaper option for that hotel? Or do PL and HW pull from the same bucket/inventory of rooms?