May 06

What Are Travel Auctions?

by in Travel Tips

If you are someone who loves to travel and you have never ever heard of online travel auction then you are going to also love the concept of the travel auction. The travel auction fun way to grab an exotic and inexpensive last minute vacation.

 

A travel auction works like any other auction. You browse the open auctions online, select one you like and then bid. You then monitor the bid and rebid on the vacation package. If you win you are obligated to pay for what you have one.

 

How do so many resort packages, cruises, five star destinations and exotic adventures end up on a virtual auction block?  Travel companies use auctions to sell holidays that, for a variety of reasons, may be difficult to sell using the traditional methods. They often choose to get rid of so-called ‘distressed stock’ in this way. The reason it is preferable to do put up these vacation packages on travel auctions is because offering discounts through travel agents can diminish the travel outfit’s ability to sell anything at full price.

 

However not all packages are put up on virtual auctions because they need to be offloaded. Sometimes this is a way for a company to promote or introduce a new type of vacation package and encourage people to take advantage of it and then tell their friends what a good time they had. Putting up a vacation for auction is a way of generating good word of mouth about your hotel, cruise or travel agency.

 

There are not that many sites on the Internet that run travel auctions. The three big companies that dominate the travel auction scene are eBay, Skyauction and LuxuryLink.  There is also Priceline, which also offers vacation packages, but it is not a true auction. Instead you offer the price you want to pay for a trip or vacation and see if it can be offered. There are some priceline coupons at CouponKid.com

 

On eBay travel is just one more category on its massive roster of products and services up for auction. As the name implies LuxuryLink is intended for high rollers when it comes to bidding. Skyauction offers the cheapest deals.

 

Although eBay is one of the pioneer sites when it comes to offering vacation package deals up for auction it is not necessarily the most specialized ones. Unlike the travel auctions offered on eBay, the vacation packages and destinations on Skyauction and LuxuryLink are exclusive to the travel industry.

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