Subscription management for periodic travel services
AssigneeCrystal International Travel Group, Inc.
InventorsPeter Dugan, Peter Gallic
Life of this patent
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AssigneeCrystal International Travel Group, Inc.
InventorsPeter Dugan, Peter Gallic
Estimating the term…
Managing and distributing the right to obtain seats from a travel service vendor comprises contracting with the travel service vendor for a total number of seats at a bulk discount rate. A package is defined which includes the right to obtain a prescribed number of seats from the total number of seats in each of several intervals of time. A net present value of the package is computed. An offering amount for the package is defined at the net present value plus a transaction margin. A customer is subscribed to the offering. Any collected offering amounts are invested to generate a ticket payment for a seat claimed by the customer. The travel service vendor is then paid for a seat claimed by the customer using the ticket payment. Customers may also be periodically charged an activity margin. A spread may also be collected from the investment account.
A method for managing and distributing the right to obtain seats for travel on an airline, comprising the steps, in the order presented, of:
A method for managing and distributing the right to obtain seats from a travel service vendor, comprising:
Dependencies are inferred from the claim text.