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About: Online travel auction     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Whole100003553, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatTravelWebsitesyago:WikicatOnlineAuctionWebsitesyago:Artifact100021939yago:Computer103082979yago:Device103183080yago:Instrumentality103575240yago:Machine103699975yago:Object100002684yago:PhysicalEntity100001930yago:WebSite106359193yago:Whole100003553 New Facet based on Instances of this Class

The term online travel auction is a system of buying and selling travel products and services online by offering them up for auction and then awarding the item to the highest bidder. The need for travel auctions emanated principally due to the high cost of travel. This high cost is also what led to the growth in popularity of low-cost carriers, a concept initially pioneered by Southwest Airlines, and later mimicked by Ryanair.