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Statements

Subject Item
dbr:Online_travel_auction
rdf:type
yago:Computer103082979 yago:Machine103699975 yago:Device103183080 yago:Object100002684 yago:WikicatTravelWebsites yago:WebSite106359193 yago:WikicatOnlineAuctionWebsites yago:Instrumentality103575240 yago:Whole100003553 yago:Artifact100021939 yago:PhysicalEntity100001930
rdfs:label
Online travel auction
rdfs:comment
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.
dcterms:subject
dbc:Contexts_for_auctions dbc:Online_auction dbc:Travel_websites
dbo:wikiPageID
18572573
dbo:wikiPageRevisionID
1076692817
dbo:wikiPageWikiLink
dbc:Travel_websites dbr:Ryanair dbr:Proxy_bidding dbr:Hotels dbr:Auction dbr:Travel dbr:Air_travel dbr:Cruising_(maritime) dbr:Inventory dbr:Pay_to_bid dbr:Low-cost_carrier dbr:Package_holidays dbr:Southwest_Airlines dbr:Bidding_fee_auction dbr:Website dbr:Mystery_auction dbc:Online_auction dbc:Contexts_for_auctions dbr:English_auction
owl:sameAs
wikidata:Q7094130 n14:4sjrR freebase:m.04g22ww yago-res:Online_travel_auction
dbp:wikiPageUsesTemplate
dbt:Auction dbt:Reflist
dbo:abstract
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. As with a standard auction, the bidders, having made a judgment on how much a particular voyage is worth to them, place their bid over a set period of time. At the end of this period of time, the highest bidder wins the product at whatever price is finally reached. There are many variations to the way in which Auctions are carried out. Like a number of other travel websites, travel auction sites pull their stock inventory in from a wide variety of suppliers. The range of products may include cruises, package holidays, hotels and flights.
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dbr:System
prov:wasDerivedFrom
wikipedia-en:Online_travel_auction?oldid=1076692817&ns=0
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2783
foaf:isPrimaryTopicOf
wikipedia-en:Online_travel_auction