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Business Wars Daily

HotelTonight Pushes Daily Travel Bargains with FOMO Campaign

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 2 August 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Friday, August 2, and we’re looking at HotelTonight vs. TravelZoo.

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Transcript

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0:00.0

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0:49.3

One, three.

1:08.2

The From Wondry. I'm David Brown, and this is Business Wars Daily on this Friday, August 2nd.

1:12.3

Would you reserve a hotel room in just 15 minutes if it meant you could get a great deal? I struggle to make these decisions fast, but probably some of you would. That's what Airbnb's

1:18.4

discount booking company Hotel Tonight is betting on. Last week, Hotel Tonight launched a big ad campaign

1:24.7

pushing a feature called Daily Drops. That's a new deal on a last-minute

1:29.0

hotel room every day intended to cost about 30% less than Hotel Tonight's average prices. The catch?

1:36.3

To get the displayed price, you have to complete your purchase within 15 minutes. Indecisive? Like me?

1:43.9

Well, the ad campaign acknowledges that you may be slow on

1:46.8

the uptake and it's pushing the idea that other buyers are faster and smarter than you are. Wow.

1:52.3

Talk about creating anxiety. We all suffer from FOMO these days, you know, fear of missing out.

1:58.0

And a majority of millennials admit that FOMO actually influences their purchases.

...

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