Singapore hotel experiments with letting customers set their own price for rooms. Neat. (link)
"The new Ibis Singapore on Bencoolen hotel just last week launched a promotion that lets guests choose the rate they want to pay.
Rooms at the 538-room economy hotel, which opens this week in the
heart of Singapore, are typically priced starting at SGD138 per room
including free wifi. Through March 15, however, the pay-what-you-want
competition runs during a designated portion of each day, as announced
on the hotel's site. Interested consumers need only sign up as members
and make a bid for the price they'd like to pay during one of the
announced promotion times. If they're one of the first to bid, they can
win a night at the hotel at exactly the price they offered. Bids have
gone as high as SGD100, and the first promotional rooms sold out within
minutes of the contest's launch last Wednesday, according to a report
in the Sydney Morning Herald."
Hat tip: Judi