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- Opaque_travel_inventory abstract "An opaque inventory is the market of selling unsold travel inventory at a discounted price. The inventory is called \"opaque\" because the specific suppliers (i.e. hotel, airline, etc.) remain hidden until after the purchase has been completed. This is done to prevent sales of unsold inventory from cannibalizing full-price retail sales. According to TravelClick, the opaque channel accounted for 6% of all hotel reservations for major brands in 2012, up 2% from 2010.The primary consumers of opaque inventories are price-conscious people whose primary aim is the cheapest travel possible and are less concerned with the specifics of their travel plans. Hotel discounts of 30-60% are typical, and bargains are stronger at a higher star hotel. While one has control over the dates and times of a travel itinerary, the downside is these purchases are absolutely non-refundable and non-changeable and, as noted above, the specific hotel or airline is not revealed until after purchase.The main sources of opaque inventories are Hotwire.com and Priceline.com, but Travelocity.com and Expedia.com also offer opaque booking options. Hotwire has a fixed pricing model, where it sells a room at a fixed price with a limited description of a given venue, whereas Priceline offers both a similar fixed pricing model and a bidding model where travelers bid for a hotel room from among a group of hotels of a given star rating and location. Typically hotel deals are greater than airline discounts on opaque travel sites, namely because airlines have limited seating and also take monetary cuts when publishing discounted fares, whereas a hotel sells to opaque sites to fill empty rooms.A newer website, GetGoing.com, is offering a twist to the opaque booking model - it asks consumers to pick two destinations, set travel dates and times to each destination, and it randomly picks one of the two destinations, offering a sizable discount. The service doesn't reveal the airline until after the consumer has found out which destination they are flying to.In response to these opaque travel sites, there are also 'decoder' sites that use feedback from recent purchasers to help construct a profile of the opaque travel property.".
- Opaque_travel_inventory wikiPageID "17539184".
- Opaque_travel_inventory wikiPageLength "2790".
- Opaque_travel_inventory wikiPageOutDegree "7".
- Opaque_travel_inventory wikiPageRevisionID "627969778".
- Opaque_travel_inventory wikiPageWikiLink Category:Tourism.
- Opaque_travel_inventory wikiPageWikiLink Expedia_(website).
- Opaque_travel_inventory wikiPageWikiLink GetGoing.
- Opaque_travel_inventory wikiPageWikiLink Hotwire.com.
- Opaque_travel_inventory wikiPageWikiLink Priceline.com.
- Opaque_travel_inventory wikiPageWikiLink Travel_inventory.
- Opaque_travel_inventory wikiPageWikiLink Travelocity.
- Opaque_travel_inventory wikiPageWikiLinkText "Opaque travel inventory".
- Opaque_travel_inventory wikiPageWikiLinkText "opaque negotiated airfare".
- Opaque_travel_inventory wikiPageWikiLinkText "opaque".
- Opaque_travel_inventory wikiPageUsesTemplate Template:Refimprove.
- Opaque_travel_inventory wikiPageUsesTemplate Template:Reflist.
- Opaque_travel_inventory subject Category:Tourism.
- Opaque_travel_inventory hypernym Market.
- Opaque_travel_inventory type Place.
- Opaque_travel_inventory comment "An opaque inventory is the market of selling unsold travel inventory at a discounted price. The inventory is called \"opaque\" because the specific suppliers (i.e. hotel, airline, etc.) remain hidden until after the purchase has been completed. This is done to prevent sales of unsold inventory from cannibalizing full-price retail sales.".
- Opaque_travel_inventory label "Opaque travel inventory".
- Opaque_travel_inventory sameAs Q7095591.
- Opaque_travel_inventory sameAs m.0462x_0.
- Opaque_travel_inventory sameAs Q7095591.
- Opaque_travel_inventory wasDerivedFrom Opaque_travel_inventory?oldid=627969778.
- Opaque_travel_inventory isPrimaryTopicOf Opaque_travel_inventory.