Monday, 29 July 2013

How to Find a Last Minute Travel Deal

By Keely Capel

The travel industry is a worldwide and continues to grow at a phenomenal rate. Whilst it took at hit with the crisis of 2008 it has already began to bounce back. So whilst the large majority of holiday availability it sold, each week there is unsold holidays, plane seats and accommodation that sits empty.

If you are a savvy traveller who wants to find a last minute travel deal, then it is this unsold availability that you should be focusing on. But how do I find a last minute travel deal I hear you ask?

Firstly you need to be prepared. Be available to travel at short notice and perhaps even have you bags packed ready so you can leave within a matter of hours. Secondly you need to keep you eyes open!

Whilst the really exceptional travel deals come at the very last minutes, you may have to look harder to actually find them. The best place to start if you decide on what type of travel deal you are actually looking for.

There are so many sectors within the travel industry from cruises to ski and spa breaks that having some idea of what you would like to experience will allow you to eliminate the chatter and focus in on the theme that is most appealing to you.

Next establish your budget. If you don't know how much you have or want to spend, you may get caught up in the excitement of it all and end up lost and confused. Or worse; spending more than if you had booked a conventional holiday several months out.

Start with checking local travel agents and tour operators to see if they have received any cancellations. Often they will wish to resell these as quickly as possible and this will present you with the opportunity to make a saving on the price and perhaps even waiver any fees.

Get online and search out communities and travel companies who focus on and offer last minute travel deals and cancellations holidays.  It may be the trip is schedule to take place within 72 hours but if you are on standby and ready, there is no reason for you to miss out.

Be flexible with you what you expect and open to accepting the unexpected. This will really open up huge opportunities to you in the last minute travel sector and you may find you try something new that you would never have considered previously.

Track changes, if you are a few weeks to play with it, begin watching what is being offered in advance. Look at the prices that the flights, accommodation or holiday package are being booked at ahead of when you plan to travel. This will give you a good indication of what price to expect with you come to book your own.

Check back daily, hourly or more often if you can. Things can change in the blink of an eye and if your not watching you could miss out. Many last minute travel companies, will allow you to set up notifications for any changes so you get them directly into you inbox. If they do make sure you sign up.

If you want to try packaging your trip yourself you may find you can also cut on costs, use a flight monitoring service like Kayak.com which will allow you to monitor flights to a variety of destinations and will keep you informed on the prices increasing or decreasing. They even provide you with a percentage rate on how like it is the price will change. Then use a service likes ours, Bidabooking.com which will allow you find the accommodation in the same location and place a bid on it. You can then predetermine the price and calculate if the two elements combined will come within your budget. If you use services like this you don't have to be limited to one flight or property, you can watch monitor and participate in several different locations or a handful of holiday properties in the same location to ensure you don't miss out and get the best last minute travel deal.

Wednesday, 24 July 2013

Holiday Auctions: A Glossary of Commonly Used Terms

By Keely Capel

Holiday auctions are relatively straight-forward and not largely dissimilar to other auctions such as those found on eBay. However whether you are an old pro at buying and selling in auction or not, there are some terms used in holiday auctions that may differ from other auctions. Therefore we thought today it would be a good idea to give you an insight into some of the terms used in holiday auctions so that you can get a good feel and understanding before you place you next bid.

Auction - Method of selling holiday availability to the general public through open and competitive bidding.

Auctioneer - The person or company whom the seller engages to direct, conduct and over see the responsibility of the sale by auction.

Availability/Travel Start Date - The dates and duration in which the holiday property can be used that is currently being offered within the holiday auction.

Bid - A prospective buyers indication or offer of a price that they are prepared to pay to purchase the holiday availability in auction. Bids are normally made in set increments that have been pre-established by the auction house or auctioneer.

Bid Increments - The amount by which a bid increases each time the current bid is outdone

BuyNow -  The opportunity to purchase the holiday property availability immediately without waiting for the auction to finish by paying a pre-determined and fixed price set on the listing.

Country - The country in which the holiday property currently being offered within a holiday auction is located

Lote/Listing - Individual holiday property and selected dates available that has been entered into auction and is open to bidding. Each lote or listing will provide details of the property available, its location, amenities and features along with the date offered.

Highest Bid - The highest value entered as a bid on the current listing, this is often displayed whilst the auction is still running and indicates that a new bid higher than this value must be entered to take priority. This indicates the current price this holiday auction will be sold at if no other bid is placed before the end of the holiday auction

Minimum Bid - This is the lowest bid that must be entered at the start of an auction for you to participate within the holiday auction.

No Sale Fee - The fee charged to the seller in the event their holiday availability remains unsold at the end of the holiday auction. In the case of Bidabooking.com we do not charge sellers if they are unsuccessful at selling their holiday availability.

Offer Range - Indicates if the seller will accept offers on the holiday availability within a set range. An offer must be made within this range for the holiday auction to be closed and the holiday availability to be secured at that price.

Opening Bid - The first bid to be placed on a holiday auction for it to begin.

Onsite Auction - Meaning an auction that takes place online using a website where the auction format is automated and no auctioneer is present

Property Type - Specifies the type of holiday accommodation that is being offered for sale in the holiday auction. This could be an apartment, villa, farmhouse, cottage etc.

Region - The region within the country that the holiday property that is offered within the holiday auction is located

Rental Feature - A list of all the items featured within the holiday property that is being offered within a holiday auction. Rental features could include a heated pool, extras like daily maid service or access to use a golf course, Ipod docking stations etc

Reserve Price - This is a price fixed by the seller which will not allow the holiday availability to be sold unless bidding is above the set price. It allows sellers to being auctions lower than their minimum accepted price but offers the security that bidding must get above this price in order for the holiday availability to be sold 

Resort - The name of the resort, city, town or village in which the holiday property being offered in a holiday auction is located.

Start/End Time - The time that the holiday auction will begin to run or is due to end. All bids must b placed on the holiday auction within these times. If a bid is placed after the end time of a holiday auction it will not be accepted and the winner will be the highest bid last received before the end time of the auction

Start Price - Indicates the price in which the holiday auction will or did start at.

Winning Bid - The last and highest bid received on the holiday auction before it ended that was high enough to reach the reserve price and won the auction. The winning bid will secure the holiday availability that was offered in the holiday auction

We hope this helps explain some of the terminology that is used within holiday auctions, but if you come across any others you are unfamiliar with then please leave a comment below and we will be happy to explain it.

If you would like to see how a holiday auction works and watch or participate within a live holiday auction please visit our website now.