Do Last Minute Hotel Deals (Still) Exist?

There used to be good deals on last minute bookings, but these seem to have evaporated. I remember snaring such deals a few years ago at such web sites as lastminute.com. Mind you, I wasn't as savvy then as I am now, and so maybe it was just a mirage. I would be interested to hear if such deals exist. It actually seems to me that you are punished with higher prices if you book late. I would also be interested in any last minute hotel web site recommendations. Thanks!

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