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Exclusive: Which website has the cheapest hotel rates? A new study compared prices to find out – TalkOfNews.com

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Which website has the cheapest hotel rates? A new study compared prices to find out

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Many travelers try to save money by searching the internet for cheaper hotel rates.

But a new study suggests it may not be worth the time — at least in some places.

The travel insurance comparison site InsureMyTrip compared rates for 950 hotels in 19 global cities on three popular booking websites as well as each hotel’s site.

According to the results published last week, Hotels.com had the best overall rates — but just barely.

Hotels.com had the best rates in 620 instances, which was slightly higher than Expedia, which had the cheapest rates in 579 instances.

Booking directly with a hotel was more expensive, but by only about $6 more on average, according to the study.

“There have been conflicting views on hotel rates, and people … believe that booking through online travel platforms ensured a better rate than the hotel website,” said Shalabh Arora, director of marketing at India’s Four Seasons Hotel Bengaluru. “However, it’s not so at Four Seasons where rate parity is taken very seriously.”

He said the hotels’ website has a pop-up function which compares rates offered by the hotel with those on other booking platforms.

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Finally, the website Booking.com had the cheapest rates in 72 instances — or about 7% of the time — according to the study.  

“Not only was [Booking.com] rarely the most affordable, but it was also the most expensive option the majority of the time,” according to the published results.

The company’s Managing Director for Asia Pacific Laura Houldsworth responded to the study by email, stating that the company aims “to always be transparent with our customers” and that “our property partners are free to set their own prices on Booking.com.”

She added that “our promise to price match also means that if a customer should ever find a lower price on another website, Booking.com will refund the difference.”

Different booking brands, same parent company

Hotel rates by city

The study also found:  

  • Hotels.com had the cheapest rates in New York City 62% of the time.
  • Expedia had the cheapest rates in Honolulu 62% of the time and Boston 66% of the time.
  • Direct hotel bookings were cheapest in Los Angeles, San Francisco and Washington D.C.

But rate fluctuations were less pronounced outside of the United States.

Posted rates varied less than $10 per night on average in Hong Kong, Bangkok, Macau, Kuala Lumpur and Istanbul, according to the research.

InsureMyTrip’s study represents a snapshot in time, with the research analyzing rates for a double room for two people booked for the night of Aug. 27, 2022, the firm said.

All searches were conducted on the same day to avoid price fluctuations, since “prices can change quickly and without warning,” said Webber.

Not all hotels or booking sites include the same extras in the final price.

Sarah Webber

InsureMyTrip director

However, the study did not consider whether rates were refundable or included taxes, said Webber.

“To keep the study as simple as possible, we took the price seen on the sites as the final cost,” she said. “So, it’s definitely something to consider as not all hotels or booking sites include the same extras in the final price.”

Other factors, such as prepayment requirements and breakfast inclusions, can affect rates too, which further complicates the hotel price comparison process — for researchers and travelers alike.  

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Exclusive: Case Closed: A New Study Says This Is What Happens When You Switch to a 4-Day Work Week – TalkOfNews.com

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Case Closed: A New Study Says This Is What Happens When You Switch to a 4-Day Work Week

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Thinking about doing this for your employees? Here’s what happens.

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Exclusive: Jim Cramer says these 3 apparel stocks benefit from return to office – TalkOfNews.com

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Jim Cramer says these 3 apparel stocks benefit from return to office

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CNBC’s Jim Cramer on Friday offered investors a list of clothing stocks that he believes will see upside as workers continue returning to the office.

“After the huge run in the apparel stocks, I recommend ringing the register on the lower quality ones, so that you can swap into something better,” he said.

Shares of PVH, the parent of Calvin Klein and Tommy Hilfiger, surged on Thursday after the company reported better-than-expected results for its latest quarter and strong quarterly guidance. 

Other apparel companies including Abercrombie & Fitch and American Eagle also delivered upside surprises this week, sending their stock higher.

Here are Cramer’s favorite apparel stock picks:

PVH

Ralph Lauren

Lululemon Athletica

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.

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Exclusive: What is Click Fraud? Here's What You Can Do to Prevent It – TalkOfNews.com

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What is Click Fraud? Here's What You Can Do to Prevent It

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Ever since the mechanics behind ad tech (and digital marketing in general) became effective enough to be considered a reliable source of revenue, there was an issue of shady people getting into it with malicious intent and trying to make use of it the other way around. 

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