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Anatomy of a Recent Bidding Adventure on Priceline

June 27, 2009 at 2:30 PM | by Victor Ozols | 3 Comments

I don't know about you, but I've always done well by bidding for hotel rooms on Priceline. Sure, not knowing where you might end up is unnerving, but you can limit your downside by focusing on four- and five-star properties and doing a little bit of research. The discounts more than make up for any imperfections. In the past I've gotten great rates at hotels like the Strand Ocean Drive in Miami Beach, the Renaissance M Street in Washington, D.C., and the Crowne Plaza Key West La Concha, and now when I book a trip it's almost second nature to cobble together a bidding strategy and then click over to Priceline.

My latest Priceline victory was for a room in Dublin this upcoming August. We'll be there for five nights, so even though it's high season, I liked my chances for a good deal, especially since the global recession has hit Ireland especially hard. In the end I did get a good deal, but it took longer than I had hoped, and I had to adjust my expectations in the process.

I started out by visiting betterbidding.com, which is a helpful in planning a bidding strategy. You can view its calendar of recent wins (people report successful bids) as well as maps of Priceline hotels in certain areas. You can also post questions to the forum, which can help you identify properties or bulls-eye your bids for certain neighborhoods. In the case of Dublin, it didn't have too much helpful information, so I figured that time was on my side and I'd just start with a really low bid and inch my way up.

With Priceline, you can only bid once every 24 hours unless you change some parameter of your search, like the dates you'll be staying, the star level of the hotel, or the neighborhood. If you're intent on one specific scenario like I was, you need to keep coming back. I was under the impression that I could get a five-star hotel in the Dublin City Center South area for less than $175 a night, so I started at $100 and kept a record of my bid amounts and the time of my bid on scratch paper. Each day I upped the amount by a little bit, from $110, $120, $130, all the way up to $180 a night, at which point I was rejected and gave up.

I had concurrently been entering even lower bids for a four-star hotel in the same neighborhood, and that's where I eventually hit, with a $170 bid. The Maldron Hotel Cardiff Lane accepted, so that's where we'll be staying for our big Dublin holiday this August. The whole process took 14 days, and the total cost, including all taxes and fees, was $987.09, making it about $197.42 a night. Of course I wish it was cheaper, but it still seems like a good deal, and the hotel looks nice. I'll give you my full video review when we get back.

As for the Priceline experience, it's actually kind of fun. You enter your bid and hold your breath to see what happens. You're either rejected, in which case you're charged for nothing, or you're accepted, and your credit card is immediately charged for the whole stay. Those few moments while the engine is humming can be nerve-wracking.

So, who here has gotten a killer deal through Priceline on hotels, flights, or rental cars, and who has gotten the shaft? Please share your highs and lows in the comments.

[Photo: Priceline.com]

Related Stories:
· Priceline.com [Official Site]
· Priceline Coverage [Jaunted]

3 Comments

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  1. marliny

    Jaunted Member

    Priceline

    I almost always use Priceline for hotel stays, I have never had a bad experience as far as the hotel we received. I typically end up paying $30 to $50 for 3 to 4 star hotels, with a few exceptions being at times when I was bidding in an area that full due to an event etc.
    June 28, 2009 at 12:03 PM
  1. jafrogg

    Jaunted Member

    Terrific Bargains, Occasional Drawbacks

    I use Priceline almost every time I stay in a hotel these days. My strategy is pretty much what you suggest, I rarely bid for properties rated below 3 stars. It's not that I'm a big spender, but I've found that below that level the quality is quite variable and the savings are not impressive. Occasionally there are minor disappointments -- the pool is closed or there's construction on the property -- but that's much more palatable at Priceline rates than at rack rates. I have never used Priceline for Las Vegas, btw, because I find that there are usually plenty of specials on the hotels' Web sites, and I don't have to take a chance on where I'll end up.
    June 28, 2009 at 11:31 PM
  1. juliana

    Jaunted Contributing Editor

    lately, hotwire

    ive been using hotwire lately. i just feel like i have a bit more control over the area and the amenities, especially when it comes to vegas. on priceline, the 5-star at the North end of the strip is usually Trump Las Vegas bc its not doing very well. but it has no gaming inside. except on priceline you would never know that bc it doesnt list their amenities. on hotwire, you can clearly see tell which hotels have gaming and not.

    priceline is great if you are in a big city for a short time and don't care what big box hotel chain (marriott, hilton, hyatt, starwood) you end up in. otherwise, i feel like i have a little more control over what im getting on hotwire.

    June 29, 2009 at 2:25 PM

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