http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/ News About Tech, Money and Innovation Mon, 23 Nov 2009 23:48:20 +0000 http://wordpress.org/?v=2.8.5 hourly 1 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/comment-page-1/#comment-364031 startupulse.com » Blog Archive » Farecast Wed, 04 Jul 2007 05:11:54 +0000 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/#comment-364031 [...] Technorati - Techcrunch - Mashable - Webware - Venturebeat - Technology Review - Ajaxian - PC World - [...] [...] Technorati – Techcrunch – Mashable – Webware – Venturebeat – Technology Review – Ajaxian – PC World – [...]

]]> http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/comment-page-1/#comment-6750 A low price lock-in for airfares | The Travel PR Blog Fri, 17 Nov 2006 08:43:26 +0000 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/#comment-6750 [...] It’s not enough to show the lowest airfare. To succeed in the online travel business, a supplier needs to persuade you that you really don’t need to go anywhere else to check the competition. People don’t just want bargains; they also don’t want to waste time comparison shopping. Farecast has just introduced a new feature called FareGuard. According to VentureBeat, once you spot a low price which Farecast thinks will drop lower, it lets you lock into any subsequent price drops. Once you buy the Fare Guard, you have seven days to buy the actual ticket. If the price does drop, you get your savings (Farecast sends you the difference). If it goes up, unexpectedly, Farecast lets you buy at the original price — so you win either way. [...] [...] It’s not enough to show the lowest airfare. To succeed in the online travel business, a supplier needs to persuade you that you really don’t need to go anywhere else to check the competition. People don’t just want bargains; they also don’t want to waste time comparison shopping. Farecast has just introduced a new feature called FareGuard. According to VentureBeat, once you spot a low price which Farecast thinks will drop lower, it lets you lock into any subsequent price drops. Once you buy the Fare Guard, you have seven days to buy the actual ticket. If the price does drop, you get your savings (Farecast sends you the difference). If it goes up, unexpectedly, Farecast lets you buy at the original price — so you win either way. [...]

]]> http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/comment-page-1/#comment-6686 TP Wed, 15 Nov 2006 01:26:13 +0000 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/#comment-6686 This seems like a very good idea, especially for tickets during high season. This seems like a very good idea, especially for tickets during high season.

]]> http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/comment-page-1/#comment-6669 Upgrade: Travel Better » Blog Archive » Fare guarantee? Farecast lets you insure its fare predictions Tue, 14 Nov 2006 04:04:47 +0000 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/#comment-6669 [...] So how does the new insurance/guarantee work? Much like buying a stock and purchasing a put option to protect you in case of a drop in the price, Farecast will sell you a “policy” when they predict the price will drop or hold steady. (If they predict the price will rise, then presumably you’ll be buying the ticket anyway. VentureBeat explains: Let’s say you’re planning a trip, say to Kansas on Dec 5, and Farecast shows a low price of $210 and further, predicts prices are going to drop over the next few days. Now, rather than waiting, you can buy something called a “Fare Guard,” which lets you lock into any subsequent price drop automatically. Initially, the product will come at a promotional price of $1, but later might be priced around $10. Once you buy the Fare Guard, you have seven days to buy the actual ticket. If the price does drop, you get your savings. If it goes up, unexpectedly, you can buy the ticket, and Farecast will refund you the difference — so you win either way. [...] [...] So how does the new insurance/guarantee work? Much like buying a stock and purchasing a put option to protect you in case of a drop in the price, Farecast will sell you a “policy” when they predict the price will drop or hold steady. (If they predict the price will rise, then presumably you’ll be buying the ticket anyway. VentureBeat explains: Let’s say you’re planning a trip, say to Kansas on Dec 5, and Farecast shows a low price of $210 and further, predicts prices are going to drop over the next few days. Now, rather than waiting, you can buy something called a “Fare Guard,” which lets you lock into any subsequent price drop automatically. Initially, the product will come at a promotional price of $1, but later might be priced around $10. Once you buy the Fare Guard, you have seven days to buy the actual ticket. If the price does drop, you get your savings. If it goes up, unexpectedly, you can buy the ticket, and Farecast will refund you the difference — so you win either way. [...]

]]> http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/comment-page-1/#comment-6662 Farecast « Technically Speaking Mon, 13 Nov 2006 17:09:14 +0000 http://venturebeat.com/2006/11/13/farecast-introduces-way-to-lock-into-a-low-fare/#comment-6662 [...] Techically Speaking, a decent site that will probably go under; it seems all the useful ones do unless they get big money! What it comes down too? You have sites like diggnation on top. [...] [...] Techically Speaking, a decent site that will probably go under; it seems all the useful ones do unless they get big money! What it comes down too? You have sites like diggnation on top. [...]

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