For travelers, few things are more frustrating than finding out that the guy
in the seat next to you paid a lot less for his plane ticket. But because
the price of airfares fluctuate significantly, it’s hard to know the best
time to book.
FlightNetwork.com, Canada’s second-largest online travel service, is now
offering a free Price Drop Protection Plan to help with this problem.
Details are in the media release below.
FlightNetwork.com Answers Canadians Call for ‘Fluctuation Free’ Airfares
Free Price Drop Protection Plan Eases Consumer Pain Over Airfare Drops and
Gains
TORONTO, ON – July 11, 2011 – FlightNetwork.com, one of Canada’s leaders in
online travel, today announced the launch of their Price Drop Protection
plan in direct response to customer feedback, research and polls indicating
that the number one concern of Canadians when booking an airfare is price
fluctuation after they book. The Company researched 521,000 international,
USA and domestic flights and found that 34% dropped at some point before the
date of departure.
The Price Drop Protection plan is a unique, free program, exclusive to
FlightNetwork.com customers. Price Drop Protection allows consumers to track
price drops as often as they wish and, when a price drop occurs, lock in the
savings. They then receive the difference between the base price of the
flight and price drop. The Price Drop Deal is unlimited on domestic flights
and up to $100 on USA and international flights. Credits are paid out in
Price Drop Dollars, immediately good for the customers next flight or
insurance booking with FlightNetwork.com.
A recent FlightNetwork.com online poll of 793 Canadian consumers showed that
respondents are educated, aware and concerned about airfare price drops and
gains:
* 96.8% of respondents do not believe that everyone pays the same
price on the same flight.
* 87.4% believe that prices fluctuate after they’ve made a purchase
and 70.5% indicated that they’ve checked to see if the cost of their flight
went down after a ticket purchase.
* The poll also showed that Canadian consumers are early shoppers;
55.7% indicated that they purchase their tickets well before the travel
date. Specifically, 45.4% indicated that they purchase airfare tickets 3-6
weeks in advance and 39.0% responded that they purchase tickets months in
advance.
“We believe that flight booking should be easy and worry free,” said Naman
Budhdeo, CEO of FlightNetwork.com. “Our customers clearly told us their
number one airfare booking worry is price fluctuations after they make a
purchase, and the Price Drop Protection plan is our response. Now our
customers can book any economy flight on FlightNetwork.com with confidence
that they have either secured the lowest price, or have the opportunity to
lock in the best price deal and be credited for the difference.”
FlightNetwork.com actively researched 521,000 international, domestic and
USA flights booked through their site between March 2010 and June 2011 to
determine the frequency of price fluctuations. 37% of international flights
in the study dropped before their date of departure compared to 29% of USA
flights and 31% of domestic flights.
As one of Canada’s leaders in online travel, FlightNetwork.com delivers the
lowest airfares from the top airlines by offering consumers access to over 2
million bulk rates negotiated with major airlines. Its proprietary flight
booking engine offers last second booking and the exclusive ability to ‘mix
and match’ fares – the only Canadian online travel agency that allows
booking on different airlines for departure and return flights to get the
lowest fares possible. Backing up Flight Network’s award winning online
service are over 65 insightful travel specialists in the FlightNetwork.com
call centre.
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