Bogus $5 hotel bidding bonus

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Bogus $5 hotel bidding bonus

Glencie
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Glencie
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Joined: August 1st, 2000, 4:11 am

November 30th, 2011, 2:46 am #1

Got a "Cyber Monday" promotion from PL saying they will add $5 per night to any hotel bid.  The bonus was good for only 24 hours.

I happened to be bidding for a hotel room.  I bid $50 and the webpage clearly showed it was adding $5 to make the total bid $55.  When I put the bid through, I got a counter-offer for $69 which I declined.  With one free re-bid (retaining the same zone and quality level), I bid $56 and again it showed the added bonus to make it $61.  Rejected.

A day later, this time without the bonus as it had expired, I bid on the same zone and quality level again, starting at $56, got the same $69 counter-offer, then i re-bid for $59 and got it.  What?

If the property was renting for $59, why wasn't my bid for $56+$5 accepted?
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KeenWink
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KeenWink
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Joined: June 5th, 2004, 3:48 am

November 30th, 2011, 5:23 am #2

If the property was renting for $59, why wasn't my bid for $56+$5 accepted?

Hi Glencie. You don't know that it was the same property. But it might have been.

Hotels are free to add (and remove) inventory from Priceline at any time, at any price level. AND THEY DO. This is mentioned in BFT's FAQ, which you may want to review before you bid again in the future.

Furthermore, it is my understanding that hotels can receive daily reports from Priceline of how much people are bidding for their particular quality level in their particular zone. So it is easily conceivable that a hotel saw a number of bids in the range of $55 to $61, and felt that their price was a tad bit too high, and lowered the price they'd accept to $58 (for example), in the time before you bid the next day. Or an entirely different hotel might have decided to add inventory to Priceline at a rate that your $59 offer was sufficient to win.

Did you check the retail rates for candidate hotels in your target zone each day, before bidding, which is very important to do? If you had done so, you might have seen a drop in rack rates from one day to the next.
Please place all of your Priceline bids through our Priceline link.

Please check rates at Hotwire and make your bookings through our Hotwire link.

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Sheryl
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Sheryl
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Joined: January 16th, 2000, 4:19 pm

November 30th, 2011, 9:14 am #3

I agree with KeenWink. There have been many discussions (there is one on the first page of Member Announcements) about the validity of bonus money. Please post your bid on the proper forum.
Please place all of your Priceline bids through our Priceline link.
Please check rates at Hotwire and make your bookings through our Hotwire link.
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KeenWink
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KeenWink
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Joined: June 5th, 2004, 3:48 am

November 30th, 2011, 3:31 pm #4

Glencie, one thing I will congratulate you on, is not bidding too high just because there was bonus money available. We very often see people essentially wasting the bonus money by bidding too high or too soon, when historical or other evidence would suggest that rates might decline before the stay. Of course the Priceline rate might still be a bargain, and some people might be glad to have their booking far in advance, but from the perspective of saving the maximum money, the availability of "bonus money" can be a powerful incentive to bid recklessly. You resisted!

And as Sheryl asked, please do post the results of your winning bid that you're referring to, to the appropriate board. Thanks!
Please place all of your Priceline bids through our Priceline link.

Please check rates at Hotwire and make your bookings through our Hotwire link.

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Glencie
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Glencie
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Joined: August 1st, 2000, 4:11 am

November 30th, 2011, 4:42 pm #5

KeenWink wrote:
Did you check the retail rates for candidate hotels in your target zone each day, before bidding, which is very important to do? If you had done so, you might have seen a drop in rack rates from one day to the next.
Yes, Generally the limited options were about $100-$110 for this and similar properties.  There didn't seem to be any change in published rates from day to day.

I think I got a good deal, but this situation raised my eyebrow.
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Sheryl
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Sheryl
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Joined: January 16th, 2000, 4:19 pm

November 30th, 2011, 5:23 pm #6

Please place all of your Priceline bids through our Priceline link.
Please check rates at Hotwire and make your bookings through our Hotwire link.
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