Farecast.com Launches Airfare Deals Based On Science, Not Marketing
Site leverages more than 175 billion airfare observations to save consumers money
SEATTLE– March 13, 2007 — Farecast.com, the airfare prediction website, announced today the launch of Farecast Deals, a new service that leverages the science of airfare data and advanced analytics to provide consumers a usable and authentic approach to airfare deals. No other travel website helps consumers know "what" is a deal and "why" to buy now when shopping for cheap flights. Each day, Farecast utilizes billions of airfares to provide its free airfare predictions, and now uses this data to help consumers uncover cheap tickets from their airport.
"Any website can claim to have the best deals, but many of those deals are based on marketing, not science," said Hugh Crean, Farecast's president and chief executive officer. "Farecast.com is the only travel website that uses the power of over 175 billion airfares to help consumers understand what is truly a good deal and why to buy now."
Farecast Filters Out the Real Deals
Everyone loves a great deal, but more often than not, it's hard to filter out the truly good values from marketing hype. Farecast shows you real deals backed by comparisons against millions of airfares the company has analyzed from each airport. Farecast:
- Finds the absolute lowest fare between two selected cities in the next 90 days - A consumer would need to conduct up to 50,000 individual searches to find all of the deals we find each day from their city
- Compares that low fare to millions of airfares on record between the cities to see how it matches up
- Shows consumers how much the airfare deal saves them over the average airline ticket between the chosen cities
"We've seen in the data that low fare deals often have a very short shelf life and typically expire within 48 hours," stated Jay Bartot, vice president of engineering. "Our technology team is doing the heavy lifting to allow consumers to maximize savings and act on that small window of opportunity. In some cases, we'll find the lowest fare ever recorded between two cities, but as you can imagine, those prices don't last long."
Farecast currently offers deals from the top 26 cities in the following categories: weekends, last minute trips, week-long trips, family getaways and top deals. Farecast's easy-to-use calendar feature simplifies the planning process and offers savvy travelers a quick way to plan their trip. Consumers can also let Farecast do the work for them and sign up to get the best deals sent to them via email.
Farecast offers deals for the following cities and airports: Atlanta (ATL), Boston (BOS), Chicago (MDW, ORD), Dallas (DFW), Denver (DEN), Detroit (DTW), Houston (IAH), Indianapolis (IND), Las Vegas (LAS), Los Angeles (LAX, SNA, ONT, BUR, LGB), Miami (MIA, FLL,TPA), Minneapolis (MSP), New York (JFK, LGA, EWR), Orlando (MCO), Philadelphia (PHL), Phoenix (PHX), Portland (PDX), Raleigh Durham (RDU), Salt Lake City (SLC), San Diego (SAN), San Francisco (SFO, OAK, SJC), Seattle (SEA), St. Louis (STL), Tampa (TPA), West Palm Beach (PBI) and Washington DC (DCA, IAD, BWI).
Farecast Airfare Predictions – Know When to Buy
Unlike any other travel website, Farecast.com saves online travel shoppers money with an airfare prediction for their specific trip. The company's patented airfare prediction shows whether the lowest fares for their trip are rising or dropping. Farecast.com also provides expected price movements, confidence levels, historical prices and buying tips when customers search for flights. To learn more about the proprietary airfare prediction, see the Our Technology page of Farecast.com.
About Farecast, Inc.
Farecast.com is the first and only airfare prediction website. Farecast.com helps airfare shoppers across the country save money by answering the question: should you buy now or wait? In addition to being the first to provide airfare predictions, Farecast.com displays the lowest fares from the major airline sites and offers industry leading travel planning tools. Farecast.com was recognized as one of PC World's 20 Most Innovative Products of 2007, "Best of What's New for 2006" by Popular Science, one of TIME Magazine's 50 Coolest Websites for 2006 and one of the "Best Trip Planning Tools" by Business Week readers. The company is located in Seattle, Washington, and is funded by Sutter Hill Ventures, Greylock Partners, Madrona Venture Group, WRF Capital and PAR Capital Management. To get a free airfare prediction from your city, or to learn more visit www.farecast.com.
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Media Contact:
Anne Taylor Hartzell206.850.6501
anne@annetaylorco.com
Spark PR for Farecast:
Amy Burke Bessette415.321.1873
amy@sparkpr.com
Lisa Chan
415.321.1885
lisac@sparkpr.com