Method for the exchange, analysis, and reporting of performance data in businesses with time-dependent inventory

• US 6,434,533 B1
• Filed: 10/27/1999
• Issued: 08/13/2002
• Est. Priority Date: 10/27/1999
• Status: Expired due to Fees

• Current Assignee: Market Data Systems Incorporated
• Original Assignee: Market Data Systems Incorporated
• Inventors: Fitzgerald, Stephen R.
• Primary Examiner(s): Cosimano, Edward R.
• Application Number:
  US09/428,163
• Time in Patent Office: 1,021 Days
• Field of Search: 705/1, 705/7, 705/10, 705/11, 705/30
• US Class Current: 705/7.35
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A method is taught for processing performance data in a data reporting system having a plurality of business entities and a report center in communication with the plurality of business entities.

The method includes transmitting by the plurality of business entities to the report center customer performance data indicative of the operation of the business entities during a first day and processing of the customer performance data by the report center to provide processed performance data. Availability of the processed performance data is provided to a selected business entity during a second day wherein the time difference between the first day and the second day is less than eleven days.

The processed performance data includes processed occupancy data, processed average daily rate data and processed RevPAR data. The method further includes determining price information in accordance with the processed performance data, pricing a product by the selected business entity in accordance with the determined price information, and selling the product according to the pricing.

The processed performance data can be requested by the selected business entity prior to providing availability of the processed performance data. Data can be transmitted by way of a network data connection and an internet connection.

Claims

1. A method for processing performing data in a data reporting system having a plurality of business entities and a report center in communication with the plurality of business entities, comprising the steps of:

(a) transmitting by each business entity of the plurality of business entities to the report center customer performance data indicative of its own operation during the first day;

(b) processing the customer performance data by the report center to provide processed performance data in accordance with the customer performance data of each of the business entities of the plurality of business entities; and

(c) providing availability of the process performance data to a selected business entity during a second day wherein the time difference between the first day and the second day is less than eleven days.

2. The method for processing performance data of claim 1, wherein the availability of the processed performance data is provided by way of electronic mail.

3. The method for processing performance data of claim 1, wherein the selected business entity receiving availability of the processed performance data is one of the plurality of business entities.

4. The method for processing performance data of claim 1, comprising the step of transmitting by way of a network data connection.

5. The method for processing performance data of claim 4, wherein the network data connection comprises an internet connection.

6. The method for processing performance data of claim 1, comprising the further step of requesting the processed performance data by the selected business entity prior to performing step (c).

7. The method for processing performance data of claim 6, wherein the data reporting system includes a user interface and a report generator coupled to the user interface, comprising the further step of receiving the request for the processed performance data by way of the user interface and applying request information to the report generator by the user interface.

8. The method for processing performance data of claim 7, comprising the further step of applying the request information to the report generator in accordance with a security system in order to provide selective access to the data reporting system.

9. The method for processing performance data of claim 8, wherein the security system comprises a cryptographic system.

10. The method for processing performance data of claim 7, wherein the data reporting system includes a data storage database coupled to the report generator comprising the step of storing performance data corresponding to the business entities of the plurality of business entities in a data storage database.

11. The method for processing performance data of claim 10, wherein the data storage database further comprises a statistical database for storing data corresponding to the business entities of the plurality of business entities.

12. The method for processing performance data of claim 1, wherein the processed performance data comprises processed occupancy data.

13. The method for processing performance data of claim 12, wherein the processed performance data comprises processed average daily rate data.

14. The method for processing performance data of claim 13, wherein the processed performance data comprises processed RevPAR data.

15. The method for processing performance data of claim 14, comprising the further step of determining price information in accordance with the processed performance data.

16. The method for processing performance data of claim 15, wherein the customer performance data transmitted to the report center comprises rental car operations information for determining price information.

17. The method for processing performance data of claim 15, wherein the customer performance data transmitted to the report center comprises airline seating information for determining price information.

18. The method for processing performance data of claim 15, wherein the time difference between the first day and the second day is less than six days.

19. The method for processing performance data of claim 15, wherein the time difference between the first day and the second day is less than three days.

20. The method for processing performance data of claim 15, wherein the time difference between the first day and the second day is less than two days.

21. The method for processing performance data of claim 15, wherein the time difference between the first day and the second day is less than one day.

22. The method for processing performance data of claim 15, wherein the customer performance data transmitted to the report center comprises average daily rate information or determining price information.

23. The method for processing performance data of claim 22, wherein the customer performance data transmitted to the report center comprises occupancy data.

24. The method for processing performance data of claim 15, comprising the further steps of:

(a) pricing a product by the selected business entity in accordance with the determined price information; and

;

(b) selling the product according to the pricing.

25. The method for processing performance data of claim 24, wherein the product is a hotel room.

26. The method for processing performance data of claim 24, wherein the report center determines that the performance data transmitted by a business entity is incomplete and requests further performance data from the business entity.