Hi PattiPB -
There are three downsides to early Priceline bidding:
1. If your plans change for any reason (illness, job needs, etc.), you will not be able to cancel or get a refund for your tickets or hotel rooms. Because some things are unforeseeable, it is sometimes safer to only bid 1-3 months ahead of time and not be locked in.
2. Priceline may not yet have the inventory to meet your bid requirements, resulting in failed bids and wasted time. It can be frustrating to bid and bid to only have Priceline respond
"We're sorry, but we couldn't find a major hotel/airline willing to accept your offer price." Hotel chains release rooms and airlines release seats to Priceline, based on their own projections of occupancy. Sometimes that's several months in advance, sometimes just a few weeks.
3. Fares, room rates, providers for Priceline winning bids will vary throughout the year. Again, this is based on the inventory that has been released to Priceline at the bulk rate Priceline was able to negotiate. So what you bid and win today for a August trip may be quite different than someone who bids in June for the same August week may receive.
A good example of this is that recently, the Swan and Dolphin were availble through Priceline for $45 + $5 bonus money bidding. This was for stays around the Christmas weeks and first came into inventory near the end of November. However, if you tried this same bid at the beginning of November, before that inventory was released, you might have had your bid upgraded to the Resort level Wyndham Palace. Although the Wyndham is a great resort, it isn't as close to MGM and Epcot as S/D is.
So....with all that information, what do you do? I don't think bidding now for a March trip is unreasonable. In fact, in spite of what I wrote above, I have bid as much as 10 months in advance. (I set a limit for my bids and I'm willing to accept the consequences if changes occur to my travel plans.)
Here is a list of things a Priceline rookie should do:
- Make cancellable reservations at a hotel that your comfortable with, using normal discounts available to you.
- Keep reading the winning bids that are posted in Sheryl's BiddingForTravel.com as points of reference for your own bids.
- Set a dollar limit for your bids (so that you don't get carried away "bidding fever".)
- Use the Bonus Money link to bid, where Priceline will add extra dollars to your bid.
And feel free to ask Sheryl for help in a bidding strategy. The only thing she asks is that you check out the going rates at travel web sites, let her know the maximum you want to pay, and bid her suggestions, to the letter, as soon as possible.
This has gotten a little long but I want to add one more thing. I have saved a lot of money and stayed at some very nice hotels based on the information on Both these boards. Read as much as possible and don't be afraid to ask questions.
Good luck! Steve
