Watch the full recording of Chief Tease Charlie Osmond in conversation with Product Manager Grace Santos-Murphy where they discuss why hotels find it so hard to deal with wholesale rates, explaining the Booking.basic rate, how to identify high-risk moments, and using lead time analysis to spot potential issues.

Why it matters: Booking.com are not doing this because it's going to be fun to have a war with hotels. They're doing this as a last-ditch attempt because they just know that they have to have better parity, and they can't afford to be undercut.