Kayak now offers buy or wait advice

Discussion in 'Travel Technology' started by sobore, Jan 16, 2013.  |  Print Topic

  1. sobore
    Original Member

    sobore Gold Member

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    http://www.firstcoastnews.com/onyourside/article/292283/9/Kayak-now-offers-buy-or-wait-advice

    Kayak is now offering travelers advice on when to buy their airline tickets by predicting whether the price for a flight will rise or fall during the next week.

    The fare comparison site's new feature provides a recommendation to "book now" if the ticket price is expected to rise in the next week -- or to "wait" if the price could drop.

    The new recommendations for travelers are based on calculations about the pricing history from more than a billion queries a year that the online service says it conducts.

    "We want (travelers) to get to the best decision for their needs as easily as possible," says Robert Birge, Kayak's chief marketing officer.

    Kayak says it developed the forecasts with algorithms and mathematical models that are based on past pricing history from two reservation services, online travel agents, wholesalers and low-cost carriers.


    Read More: http://www.firstcoastnews.com/onyourside/article/292283/9/Kayak-now-offers-buy-or-wait-advice
     
    uggboy likes this.
  2. dagoseed72

    dagoseed72 New Member

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    Checking the graphs that they show, I feel that this feature is complete useless.
     

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