Priceline Hotel: 5* Las Vegas (Strip North) Palazzo Resort Hotel Casino

[vegasbabyyeah]

Hi,

First time on the board and 1st post so please excuse any mistakes in the posting and bear with me.

I was trying to bid on priceline for area 7 and area 9 on their las vegas map and for dates between 5/31 and 6/3 at 120 per night and got rejected and immedeatly got a one time counter offer for 180.

What does that mean? Is it a good thing? Should I have taken it?

I did a 5 star hotel search on the strip in hotwire for north ans south and got 170 per night for north and 211 for south.

I want to stay on the strip and am willing to pay anything under 250 a night.

[Sota327]

What it means is that if you increase your offer to $180, PRICELINE guarantees you a room in one of the zones you are bidding and at the star rating you bid without having to change anything else about your bid (normally, to bid again you have to change either your dates, zones or hotel star level and cannot just change the price, with a counteroffer, PRICELINE is giving you a chance to change your price, but it has to be the price they counteroffer, without chaning any other details). If you max is $250/ni, I would say $180 is a good deal. But, what a counteroffer also means is that you are getting close in terms of your bid price to securing a win. But, in my expierence, I can ususally get the room for less than the PRICELINE counteroffer price if I continue to increase my price using the free rebid zones. If you are unfamiliar with rebidding, you should do more research on this website. there is a section on rebidding. And, when I get counteroffers from Priceline, I ususally figure that I can secure a win if I split the difference between my bid and the Priceline counteroffer. In your case, you bid $120, PRICELINE countered at $180 (a $60 difference/2 = $30), so I would bet you could get the room for about $150. That is just my guess, though. If you haven't used any free rebid zones, I would start adding zones and working your way up. I hope this helps and doesn't confuse.

[vegasbabyyeah]

Thanks for the response.

I was able to get the palazzo for 160 a night.

Is this a good deal?

[thereuare]

Congratulations on your success!

This is almost half off current rates for these dates so this would appear to be a great deal and at a very nice hotel.

Thank you for sharing your win with the board.

Please use the PRICELINE and HOTWIRE links on the board to begin your travel purchases.

Enjoy your stay.

[Sota327]

I'll add my two cents . . .

I think you got a good deal. You are well under your $250/ni max and it looks like you were able to use the free rebids to secure a price below the Priceline counteroffer. If you are using free rebid zones to gradually increase your price, you have to assume you didn't overpay (at least as of the date on which you make your purchase).