The computerized bidding method matches hospitality facility data and
meeting requirement data, permits the posting of offers and responsive
bidding by both hospitality facility vendors and meeting planners, and
facilitates the exchange of data and enables an auction between multiple
parties. The hospitality facility data represents vendors for hotel
facilities, meeting room facilities or other hospitality facilities.
Meeting requirement data represents the necessities of a plurality of
meeting planners for a corresponding plurality of meetings or events. The
system and the method stores data in a database. Meeting planner offers
(meeting requirement data) are posted to the database. The system matches
the meeting requirement data with previously stored hospitality facility
data Meeting requirement data (offers) is typically truncated or blinded
to all parties except the posting party. The blinded offer is sent to
hospitality vendors which match the meeting requirements. The hospitality
vendors then submit specific hospitality facility data or bids. The
system and method permits the meeting planner offeror to select a
predetermined number (typically 3) of vendor bids. Thereafter, the system
and the method exchanges contact data and a full details of the offer and
the selected bids to the offeror and the selected bidders. The meeting
planner offeror can reject all bids and request new bids. The system and
the method also enables the hospitality vendor to offer hospitality
facilities. Blinded facilities offer data is presented to one or more
inquiring meeting planners. Meeting planners can bid by submitting
specific facilities requirement data (bid data). The meeting planner bids
are typically, initially blinded (to remove bidder name, etc.). The
hospitality vendor offeror is permitted to select a predetermined number
(3) of the blinded meeting planner bids (specific requirement data) and,
upon selection, the system enables direct communication.