sylvaine Posted January 28, 2005 Report Posted January 28, 2005 Did anybody ever established some kind of correlation between PL "suggested retail price" and what a property actually sold for? What would be a "sensible" discount range be? Of course, we all want to pay as little as possible... But when time is short and free rebid options limited, it's probably a good idea not to force your luck too much while still trying to get a good deal.So, should an opening bid start around 70% off the suggested retail price? Would that be too low? What is your opening bid startegy, especially when bidding in areas where the board doesn't have a lot of history?
thereuare Posted January 29, 2005 Report Posted January 29, 2005 Ignore Priceline suggested opening bid.There is not set percent, best bet is to post in the appropriate category and ask for a bidding strategy for your specific dates. Please use this HOTWIRE and these PRICELINE LINKS: HOTELS, CAR RENTALS, and AIRFARE to begin your travel purchases
sylvaine Posted January 29, 2005 Author Report Posted January 29, 2005 Understood. I just wanted to make sure I had not missed a post indicating some kind of general "formula".
bbbb Posted January 29, 2005 Report Posted January 29, 2005 Its best to research your city months in advance to see what hotels are being won at what rate. If its a last min bid don't be afraid to ask as theres always someone in here that watchs the city your looking to bid.
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