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Decenber, 6th<br />
History<br /><ul><li>Reverse auctions appears in the 90’s in the USA.
Freemarket.com is the 1st to make online reverses auctions.
Pricelines start a new arera of bids with « nametheirownprice » for travel ORA.
1998 Pricelines is a the top</li></li></ul><li>How  does it work<br /><ul><li>Reverses Auction are auction where the selle...
The buyer post a product request, and the sellers bids to have the client.</li></ul>S<br />S<br />S<br />S<br />B<br />B<b...
How  does it work<br /><ul><li>On Priceline you enter the amount that you want to pay for a designated type of hotel in a ...
Priceline ask you for your credit card number
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ORA

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Transcript of "ORA"

  1. 1. Decenber, 6th<br />
  2. 2. History<br /><ul><li>Reverse auctions appears in the 90’s in the USA.
  3. 3. Freemarket.com is the 1st to make online reverses auctions.
  4. 4. Pricelines start a new arera of bids with « nametheirownprice » for travel ORA.
  5. 5. 1998 Pricelines is a the top</li></li></ul><li>How does it work<br /><ul><li>Reverses Auction are auction where the seller is the bidder and not the buyer.
  6. 6. The buyer post a product request, and the sellers bids to have the client.</li></ul>S<br />S<br />S<br />S<br />B<br />B<br />Buyer: <br />posting a productrequest<br />Buyer: <br />Compares the offers<br />S<br />S<br />S<br />S<br />B<br />S<br />S<br />S<br />S<br />Buyer: <br />Buysat the lowestprice<br />Sellers: <br />Lower profit but fast sale<br />Sellers: <br />Bidding, and putting the price down<br />
  7. 7. How does it work<br /><ul><li>On Priceline you enter the amount that you want to pay for a designated type of hotel in a designated place of the city.
  8. 8. Priceline ask you for your credit card number
  9. 9. Priceline will see if it can say yes or no to your offer.
  10. 10. The hotel has a minimum rakrate, if the customer make a superior offer, Priceline will accept it and will earn the surplus. </li></li></ul><li>Hotwire.com<br /><ul><li> We can find all type of hotels in hotwire</li></ul>The client just say when he want to book a room, in witch city and in witch district<br />There is only the star rank, the amenities, the price, the location, Tripadvisor ranking, the brand that are included in hotwire<br />
  11. 11. Advices<br />Websites giving some advices in order to better use the reverses auctions<br /><ul><li>ehow.com
  12. 12. managingchange.com/dynamic/auctions.htm
  13. 13. artoftravel.com/04cheapflights.htm
  14. 14. articledashboard.com/Article/Reverse-Auctions---Tips-for-Successful-Bidding/954338
  15. 15. biddingfortravel.yuku.com/
  16. 16. betterbidding.com/index.php?showtopic=23792&</li></li></ul><li>The key points<br /><ul><li>Be aware of what you are doing
  17. 17. The buyer saver money
  18. 18. The buyer is not the bidder but the sellers bids on the buyer product wanted
  19. 19. The seller have sale what he have in his stock at a minimum price to not lose money with unsales inventory</li></li></ul><li>Participation of an hotel<br /><ul><li>Good way to sold unsold room night: but not only !!</li></ul> with the room night you have all the F&B expenses, the treatments at the spa, … <br /><ul><li>Have good price politic
  20. 20. Be attentive towards the competition
  21. 21. Nothing to loose, just earn money</li>
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