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MSN Travel (previously Bing Travel, Live Search Farecast, and Farecast.com) is an airfare prediction website in the computer reservations system industry. It premiered to the public as Farecast on May 15, 2007. Until 2014, it offered predictions regarding the best time to purchase airline tickets. [1] [2]
In January 2015, the app was launched with functions such as flight price prediction and real-time price monitoring. [7] In March 2016, $62 million was received in funding to further develop its airfare prediction algorithm. [8] A year later, in 2017, the company expanded its platform by adding a hotel booking service. [9]
The average domestic flight in the second quarter of 2023 is down 5.1% compared to the second quarter of 2022, according to data from the U.S. Bureau of Transportation Statistics. The Consumer ...
By January 2013, Bing Travel results were powered by Kayak.com. As of January 2014, the fare prediction feature had been removed. As of May 2015, Microsoft rebranded the service to MSN Travel. [78] In August 2015, MSN Travel flight search pages changed from being powered by Kayak.com to its competitor Skyscanner.
In November 2016, a Chinese company Trip.com Group (formerly Ctrip) bought Skyscanner for $1.75 billion. [14] Following the sale to Ctrip, Skyscanner's largest shareholder, SEP, completed its exit from the business. [15] In 2017, Ctrip bought the Trip.com domain and launched Trip.com. The original platform became a subsidiary of Skyscanner. [16]
The company is a proponent of scientific management. [26] After a 2012 randomized control trial using 242 employees and sponsored by professors at Stanford University and Peking University found that employees randomly assigned to remote work for 9 months increased their output by 13.5% versus the office-based control group, and their turnover rates fell by almost 50%, the company allowed ...
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