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System and method for predictive booking of reservations based on historical aggregation and events

  • US 7,765,119 B2
  • Filed: 10/16/2006
  • Issued: 07/27/2010
  • Est. Priority Date: 10/16/2006
  • Status: Active Grant
First Claim
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1. A method comprising:

  • performing a post-travel analysis for each of a plurality of travelers after each traveler returns from a trip;

    storing results from the post-travel analysis in a data repository or database;

    surveying prices paid for travel purchases or reservations to identify price increases for travel purchases or reservations, wherein the price increases include an increase in a price of a travel purchase during an identified period of time, and wherein the travel purchases or reservations surveyed are purchases or reservations repeated more often than a threshold frequency;

    identifying, by a computer system, a correlation between identified price increases for travel purchases or reservations and identified events;

    predicting, by the computer system, of future price increases in select travel bookings based on the identified correlation between the identified price increases for travel purchases or reservations and the identified events;

    purchasing or reserving, using the an electronic services computer system, a set of travel bookings for a first event of the identified events based on the following;

    the predicting of the future price increases, the post-travel analysis, purchases or reservations already executed for an event, and a relationship of current purchases or reservations to total purchase or reservation expectations for the event based on stored historical aggregate data from prior travelers;

    subsequent to purchasing or reserving the set of travel bookings, receiving a request from a customer for information regarding available travel resources for the first event; and

    selling one or more of the set of travel bookings to the customer.

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