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US 2009/0222279 A1Published application
Rate quote generation for optimization of travel agency profitability
AssigneeFarelogix Inc.
InventorTim B. Reiz
Life of this patent
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AssigneeFarelogix Inc.
InventorTim B. Reiz
Estimating the term…
In order for a travel agent to find travel services for clients and maintain profitability (or other advantages) for a travel agency, systems and methods for automatically generating rate quotes for travel services are provided. The travel agent provides the client's requirements for travel within a system that searches fare sources for available fares of travel services that meets the client's requirements. The system calculates rate quotes by applying a mark-up to the available fares from the search and then determines if the rates quotes are profitable based on agency profitability rules. If a rate quote is determined to be unprofitable (e.g., the marked-up fare is below a threshold of profitability), then the rate quote may be removed. The remaining rate quotes are sorted and provided to the travel agent. The travel agent can then offer travel services to the client at the marked-up fare rate quote.
A method for generating rate quotes for travel services, the method comprising:
The method of claim 11, wherein agency profitability rules are based on agency incentives.
A system for generating rate quotes for travel services, the system comprising:
A computer readable storage medium having embodied thereon executable computing instructions for performing a method for generating rate quotes for travel services, the method comprising:
A method for generating rate quotes for travel services, the method comprising:
Dependencies are inferred from the claim text.