I'm interested in this option for my Sept trip. We are adding two extra nights on at WDW and I need to book two rooms each night. I see that hotels.com has WDW hotels. So, if I buy the hotels.com GC's off ebay, I can use those to book a Disney onsite hotel? Any problems with cancelling if that came up?
Thank you for mentioning hotels.com. I had pretty much ignored the chatter about that b/c I didn't think I would need that option but I think now I might.
No problem.
Now as I hate hotels.com/expedia with a passion as I deal with them daily (reservations agent here from a big resort in Las Vegas), it's not that bad if you know what you're getting into and know what to do. With this being an end-game with me due to it being cheap/next to free... I will take it.
Here are my tips with dealing with them if you choose this route:
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It'll greatly help if you have no plans to cancel or change your plans. If you need to change
absolutely anything on your reservation, the hotel itself can never do it. You'll have to go through the horrible Expedia customer service (similar to Paypal/Ebay since you all are familiar with how bad they are

). Also, check the cancel by date just in case it's different from the hotel policy. Since you signed a contract with the third party instead of the hotel, you will abide by the third party websites policies and not the hotel. Although most times it's the same as the hotel, sometimes it's different (non-refundable).
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Check your reservation before you come in. A lot of the times, the reservations don't get to us and your reservation won't be in our system. Sometimes our computer system and the third party's system don't "talk" to each other and your reservation can get lost in the computer. Sometimes the third party doesn't even send it over if they do it that way. It's very very very common for guests to show up and nothing is in the system because something didn't go right with the reservation transfer etc. Call the hotel directly and ask for them to pull up the reservation for confirmation.
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Triple check the fine text. Any resort fees that the hotel has will never be covered by the third party website and will be charged at the front desk when you arrive. Gift cards will not cover it as it goes to directly to the hotel. Most times I've seen resort fees hidden down way below the booking process on the website in font that's barely legible to read. At the resort I work at, it's a whopping $31.36 per night... It can definitely add up.
That's all I can think of for now. If anyone has questions, I'll answer them as I'm back from my vacation and available. I don't know too much about paying with gift cards, but these are the best tips I can think of to avoid getting shafted by them as I've seen it constantly happen. Even worse is that most people blame the hotel when it's not even out fault.