Farecast Fareguard Fare Price Guarantee
I’ve posted previously on Farcast in my series Online travel booking revolution, and it seems that they are continuing to make more noise in the Web 2.0 era. Farecast has launched a new product that protects travelers from rising ticket prices if their prediction is wrong.
To demonstrate how it will work, I’ll give you an example. If Farecast tells you the current ticket price is $200, and it thinks it will drop, you can secure the $200 ticket for one week by paying a $10 Fareguard fee.
If the price drops as predicted, you pay less for the ticket, and Farecast makes $10 from their fee.
If the price rises to $250 in the next week, Fareguard will pay you the difference of $50 for being wrong. Sweet huh? This is really a revolutionary idea. It’s going to be interesting to see if this will really take off, and whether Farecast can make it profitable.
You can test this service out now at this link courtesy of TechCrunch’s entry with the login name “techcrunch” and password “fareguardtest”
This certainly seems like an interesting service that could definitely revolutionize the online airfare booking that we web extraordinares are used to.
[tags] farecast, fareguard [/tags]
[...] Airfares Stay Steady I don’t see oil rising as much, with the rampant oil speculation failing to kick off early in the spring, therefore, sending hedge fund money to other sectors. So airline fares shouldn’t be, in theory at least, as high with cheaper fuel costs. [...]
[...] The Fareguard is truly the most innovative feature Farecast came up with earlier this year. For a 10$ fee you can “lock in” and fix an air fare for one week. If the price drops, Farecast lets you know to buy the cheaper ticket, if the prices rises, Farecast pays you the difference. Good deal you may say and its reminds me to a insurance what itdeffenately not is because the Fare Guard doesn’t protect you from any bad circumstances caused by the airline. Very interessting is that a travel page called GoFox offers a quite similar system also called Fare Guard. I wonder if this is the same system or both forgot the trademark the name. [...]