Farecast, the web site which lets you see if airfares are headed lower or higher, has introduced a new, useful feature: A way to lock into a low price.
VentureBeat reported on the company’s test of this feature two months ago. Tomorrow (Monday) it is being rolled out publicly.
To repeat our example: 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 $3 through Feb. 1, but later will be priced around $9.95, Farecast tells VentureBeat.
Update: The New York Times has also just published a story on this.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more