Finding an affordable hotel room has led to a number of inventive solutions, from Airbnb accommodations to name-your-price platforms. Based in Poland, startup FindBed allows customers to pick their own price, which hoteliers can accept or decline.
The self-price model has been used in a number of other industries, including transparent clothing promotions from Everlane and sport season tickets. Now FindBed in the hospitality industry allows people to stay within their budget more easily.
Users choose a price, which Findbed then submits to all relevant venues. The hotel manager has three hours to accept the offer, and also fill more rooms this way. Customers receive a list of potential places in a timely manner, enabling them to pick their favorite affordable hotel room.