Priceline Hotel: 4* Chicago (Millenium Park - The Loop)

[206jfb]

I have been bidding for a 4* in the Millenium Park - Loop area for 21 -24 May 2013. I started at $85 and am now at $110. Am I trying to early? Or should I try bid higher?

Thanks

[thereuare]

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[AaronJB]

The National Restaurant Association show ends on the 21st and that is one of the biggest conventions of the year - there may be people staying a day extra. The Spring period is always generally busy with nicer weather, the start of baseball and other things, as well.

What would be your desired budget per night?

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[206jfb]

Thanks for the response. Well, I was hoping on $110 max but can go higher if need be. Do you think it would be worth going higher or perhaps waiting a while (a month or two maybe) and trying again?

Thanks for the help

[AaronJB]

Given the rates I'm seeing, I'm guessing a 4* will likely require more in the $125-140 neighborhood, which - for late May - would not be that unusual. Still, you have a lot of time. You could use a ceiling - $125 - and bid up to that level every 5-7 days for 2-3 months. If nothing accepts by that point, you could consider boosting your bids or lowering the star rating.

Additionally, would the River North-NMA area also be acceptable?

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[206jfb]

Cool, will try that. Thanks for the help!