What is Priceline?
Every night there are hundreds of hotel rooms across the country that sit unused. Going on the premise that any money is better than no money, Priceline brokers these rooms at discounted rates to travelers. There are several other services that also cash in on these empty rooms, but Priceline is unique in that it essential provides an auctioning service. You decide how much you are willing to pay for a hotel and place a bid for a particular class of hotel in a particular general location (Priceline uses six class designations ranging from moderate to luxury). If that bid is accepted by any hotel within that location and class, you are immediately charged the agreed on fee, taxes, and a small processing fee. No negotiations, no choice. What You Do and Do Not Know About the Hotels Before Buying Because Priceline works on a bid system you know less about the hotels than even other hotel brokers that also sell these leftover rooms. You know: * How Priceline classifies hotels * Which classi
