Online bidding for travel packages
Published: 12 Dec 2007
According to the site, the reserve price for the bids are as low as US$12.5 or so to destinations like Manali, Goa, Shimla, Jaipur, Jodhpur, Kodaikanal and Tirupathi. To start bidding, participants have to register themselves on the website - www.oktatabyebye.com. The highest bidder of a package, on the closing day (bidding closes at 6pm) wins the package. Winners then have a choice to pay, online through a secure payment gateway, or offline, through cash.
On the initiative, Parthasarathi Mandal, Business Head, OKTTBB said, "Oktatabyebye.com is a platform committed to providing the most relevant (user-generated) travel information possible to both travel enthusiasts and travel shoppers. From discussions on our website, we identified a huge need for year-end vacation packages – at this juncture, travellers are unable to find packages offering destinations and amenities of their choice. This is why we decided to create some of the season's most-wanted packages, and offer them to bidders at our website, at minimal reserve prices. We are confident that Indian travelers will keenly participate in the country's first travel-package bid."
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