Name-your-price hotel rooms

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Hotels are often left with unfilled rooms, which is why we have seen websites offering to cancel and rebook rooms for customers, and make the most of fluctuating room prices. Polish startup Findbed reverses the booking process by enabling customers to name their ideal price, leaving the hoteliers to decide whether or not to accept their offers. We have already seen taxi and private jet services use the ‘name-your-price’ business model. Now, FindBed enables customers to book a room at a rate of their choice. To begin, customers declare their desired price and the platform sends out the offer to…

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