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More Yield
Management Strategies
The Travel Tightwad · May 28,
2002
In last
week's column, I compared the airlines' mysterious yield management
systems to a game. In this installment of the Travel Tightwad, I'm going
to tell you how to stack the metaphorical deck in your favor - and win.
Airfare sales, which were the topic of last week's story, are a great
way of getting on the right side of the yield management equation. But
if you overlook the other opportunities to play the system, you'll miss
out.
Third-party fare sales. These can often involve what's known as
"distressed" inventory - seats that are selling slowly. The mark-downs
last anywhere from one day to a month, and they offer bona fide bargains:
anywhere from 40 to 50 percent off.
For example, a recent Expedia "Bargain Fare" between Los Angeles and Savannah,
Ga., was priced at $277. But you can't choose the carrier, you may have
up to one connection, and you're not allowed to pick your departure or
arrival times. Plus, you have to think quickly: you've got 60 minutes
to book the ticket and then the deal expires. If you're willing to jump
through those hoops, then you could save a bundle. A less restricted fare
on Expedia would set you back by $404.
Keep in mind that you often aren't allowed to collect airline miles, pick
the airline or your flight times with these third-party offers. The tickets
must be booked through a third-party agency or agency Web site.
Joint promotions. Not all fare sales are offered directly through
an airline or travel agent. Sometimes airlines team up with a destination
or hotel to entice people to fly somewhere. The deals can last anywhere
from a week to an entire season. But you also have to fly on the participating
carriers and stay at a designated hotel or resort.
If you're interested in going to a specific destination and want to save
money on airfare and other activities, this is a sound moneysaving opportunity.
Unlike most of the other fare specials, you often have plenty of time
to plan. You can find out about these specials from a variety of sources,
including your airline, travel agent or a tourist bureau that's promoting
a given destination.
For example, American Airlines and Vail Resorts last season offered a
special where kids ages 12 and under fly free on American Airlines and
ski free at Vail, Beaver Creek, Breckenridge, and Keystone when accompanied
by a paying adult. The promotion was available through any city served
by American Airlines or American Eagle in the lower 48 states into both
Denver International and Vail/Eagle airports.
Every deal is slightly different, depending on where you're flying from
and how long you plan to stay there, but it often includes hotel and other
bonuses, like lift tickets. (A single-day lift ticket at Vail during peak
season costs $67.)
Don't forget the agent. Finding a cheap airfare is part chance
and part planning. But there's another element to searching for a deal
that could tip the scales in your favor: ask someone to help you.
When Patrick Proctor wanted to surprise his wife with a trip to Hawaii
for her 48th birthday, he enlisted the help of a travel agent, who found
a fare sale on American Airlines for $346.26 per person. The year before,
his tickets to the islands had cost $950 per person. "It was a deal of
a lifetime," says Proctor, who manages a glass company in Bartlesville,
Okla.
The airlines would like you to believe that all it takes to find a bargain
is a browser, but that's not always the case. Travel retailers have access
to unpublished fares and specials that don't always show up on your computer
screen. If you skip them in your search for inexpensive tickets, you may
overlook a chance to save money on your next flight.
Christopher
Elliott is a travel commentator based in Key Largo, Fla. All e-mailed
questions may be edited, condensed or republished at the site's discretion.
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