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Hotel Comparison
Shopping
Date of Report: May 22, 2002
One of the most frequently asked
questions about Las Vegas is how to go about procuring the best price
for your hotel room. Most seasoned veterans will tell
you to forego the package deals and try to strike out on your own or
with a knowledgeable travel agent. It shouldn't be too hard to beat most
package tour prices.
If you are going to go about this
on your own, where do you start?
Well, if you are looking at the
room component, it is a very difficult question to answer. Most seasoned
veterans at AVLV tell you to go to the hotel's website and get their
price. It will make it easier to comparison shop between similar
properties.
Others bemoan the loss of
travelscape, a travel site that was well known as an aggressive hotel
broker. It was the search engine behind the LVRS website and many
others. 90% of the time, you could get the absolute cheapest deal at
travelscape.
There are other hotel brokers as
well, most notably Travelworm,
Hotel Discounts, Quikbook and
finally Expedia.
Expedia was the site that bought
out travelscape and folded its operations into the massive Expedia
travel site. Las Vegas observers had hoped that travelscape's philosophy
would translate to the historically sluggish Expedia and not vice-versa.
To solve the riddle of how to book
your room component of your trip once and for all, we decided to do some
comparison shopping on an upcoming HWTH trip and report the results back
here.
The results are summarized in the
above table
(click on the link and a new window will open for
reference).
Bolded red is worst, bolded black
is best. The hotel prices are for comparable rooms and are all quoted without
Nevada tax which is currently 9%.
The first observation is that the
people who tell you to run with the hotel's website price are completely
wrong. The hotel's quoted rate on a comparable room was cheapest only
48% of the time, and most maddingly it was the most expensive option 33%
of the time.
The loss of travelscape
(AKA LVRS) has really
hurt. Expedia basically bought them out to rub them out. They learned
nothing from travelscape's policies what so ever. As we will see when we
price airfares and report back here, Expedia routinely comes in second
or third when it comes to pricing. This does not bode well for Expedia
in the internet savvy marketplace. Pricing laggards will be swept aside,
and Expedia is in danger of this, if they don't right the ship.
One thing Expedia does well is give
you prices. Of the 22 different hotel rooms we asked for, it replied 21
times. So if you are looking for a comparison price on a particular
property, Expedia at least would be the place to start.
Hotel Discounts was our
intermediate laggard. It responded 19 out of 22 times, which isn't bad,
but it was the cheapest option only 26% of the time which ranked it 3rd
out of 5 searches. It did however produce some of our largest savings on
the Aladdin (271 dollar savings) and at the Rio (190 dollars).
Travelworm replied just 15 our of
22 times, less than 75% of the time. It returned only 1 most expensive
price however.
Quikbook like all of the other
hotel brokers offers hotel rooms in cities all across the country.
However, the number of hotels served in Las Vegas is pitifully small.
They returned only 6 of 22 requests. However, of those six, 2 were the
cheapest and none of their replies were the most expensive option.
Researching prices on the internet
with a broadband connection can be a time consuming task. Some people
may feel that it's not worth the time and the effort and would rather
just book a package or pay a travel agent to do this kind of
comparison.
Our best advice is to narrow your
choice down to two or three properties. If price is your number one
consideration, start searching with Expedia first. Ferret out the hotels
you would like to stay at. With these two or three choices in hand, go
to the other sites mentioned and start your cost comparison. Then, go to
the hotel's website and see what they have to offer in terms of pricing
or specials.
Our average cost savings for a
three night stay was 120 dollars, about 40 dollars per night. Well worth
the extra aggravation of comparison shopping.
When you have found the cheapest
price for your property, then call the hotel directly and see what kind
of discounts they are offering over the phone. You would be surprised
what might be available.
Good Luck!
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