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Jeff Laguna

How to figure out opening bid

2 posts in this topic

Hello everyone!

I am just wondering how everyone determines what their first bid is going to be. Does anyone refer to HOTWIRE's current rates? I read that some take the average of hotels in the area and then divide that by 2 (or some formula). You input is much obliged!

-Jeff

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Welcome to BetterBidding!

There is no easy answer of take x% of the average rate, the lowest hotel direct rate, or of HOTWIRE's rate. In some areas bidding 50% of the best rate you're able to find wouldn't be anywhere close to getting an accepted bid, while in other areas using the formula would usually result in an overbid.

If you continue this thread with the area(s) you're looking to stay, the dates of your stay, minimum star rating, and maximum bid, we'll move this thread to the correct section of the board and suggest a bidding strategy for you to follow.

Please use these PRICELINE and HOTWIRE links to begin your travel purchases.

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First I search to find out the going rate for my stay dates.

Second I decide what price would make me happy using PL. For me saving one or two dollars is not worth giving up choice of hotel and hotel points. (This is now my maximum bid).

Third I research (using this site) what others have won. (don

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