TRAVEL MARKET ANALYSIS TOOLS
First Claim
1. A computer-implemented method for selecting an optimum travel arrangement, comprising:
- using a computing system, comprising a user interface for said method;
providing a travel selection, comprising an origination location and a destination location;
aggregating historical data, comprising a plurality of travel prices for a plurality of respective dates within a past time period for said travel selection;
aggregating day-of-the-week data, comprising a plurality of travel prices for each respective seven days of a week as a departure date and for each respective seven days of a week as a return date for said past time period;
aggregating advance purchase time data, comprising a plurality of travel prices for a plurality of respective number of days prior to said departure date for said past time period; and
determining said optimum travel arrangement based upon combined results of said historical data, said day-of-the-week data, and said advance purchase time data for said past time period.
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Accused Products
Abstract
A method, system, and medium are provided for market intelligence tools for travel arrangements. A travel arrangement can be optimized by collecting and analyzing past event data for a desired travel selection. A data analysis engine aggregates, analyzes, and stores historical data of average travel ticket prices, as a function of the day of the year, for a travel selection. Another database analysis includes aggregating day-of-the-week data by the data analysis engine, wherein average travel ticket prices are given as a function of the day of the week, for both the departure day and the return day. Another database analysis includes aggregating advance purchase time data by the data analysis engine, wherein average travel ticket prices are given as a function of the number of days prior to a departure date. These database analyses are combined to form probabilities for the best and worst times to purchase travel tickets.
17 Citations
20 Claims
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1. A computer-implemented method for selecting an optimum travel arrangement, comprising:
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using a computing system, comprising a user interface for said method; providing a travel selection, comprising an origination location and a destination location; aggregating historical data, comprising a plurality of travel prices for a plurality of respective dates within a past time period for said travel selection; aggregating day-of-the-week data, comprising a plurality of travel prices for each respective seven days of a week as a departure date and for each respective seven days of a week as a return date for said past time period; aggregating advance purchase time data, comprising a plurality of travel prices for a plurality of respective number of days prior to said departure date for said past time period; and determining said optimum travel arrangement based upon combined results of said historical data, said day-of-the-week data, and said advance purchase time data for said past time period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A travel arrangement system, comprising:
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a computing system, comprising a user interface; a data analysis engine; an historical database, comprising a plurality of travel prices for a plurality of respective dates within a past time period for a travel selection, said travel selection comprising an origination location and a destination location; a day-of-the-week database, comprising a plurality of travel prices for each respective seven days of a week as a departure date and for each respective seven days of a week as a return date for said past time period; an advance purchase time database, comprising a plurality of travel prices for a plurality of respective number of days prior to said departure date for said past time period; and a results database for combined results of said historical database, said day-of-the-week database, and said advance purchase time database for said past time period, via said data analysis engine. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A computer readable medium for performing the steps of a method for selecting an optimum travel arrangement, comprising:
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using a computing system, comprising said computer readable medium for performing said steps; providing a travel selection, comprising an origination location and a destination location; aggregating historical data, comprising a plurality of travel prices for a plurality of respective dates within a past time period for said travel selection; aggregating day-of-the-week data, comprising a plurality of travel prices for each respective seven days of a week as a departure date and for each respective seven days of a week as a return date for said past time period; aggregating advance purchase time data, comprising a plurality of travel prices for a plurality of respective number of days prior to said departure date for said past time period; and determining said optimum travel arrangement based upon combined results of said historical data, said day-of-the-week data, and said advance purchase time data for said past time period. - View Dependent Claims (17, 18, 19, 20)
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Specification