For every traveler, in today’s world getting flight ticket is easy with many online travel agencies on board. but most of these fares are pre-marked and a strategic set price. is there any way to analyze the correct fare or price of a flight or hotel or the lowest possible fare or the lowest fare on the last customer buy? nope. there is none today.
There are few companies working on this model today, which is none other than predictive analysis. predicting a fare of flight or hotel at the rate what a customer buys is the next big thing in the travel world. you can find one of the formula at FlipFares.com which finds the last buy fare or the predictable fare for a route or flight or for a complete itinerary.
Data is key for predictive analysis, even today most of the travel is data is scattered with traditional travel agencies, vacation agents, online travel agencies, corporate agencies and other offline and online sources. travel data aggregation with online sources is an old story and many popular sites provide the same. whereas combining both online and offline data is the key to predictive analysis.
Hope you can find more information on real-time pricing and don’t forget to comment or leave a message if you find one. adios!! happy journey.