Patents Assigned to Crystal International Travel Group, Inc.
  • Publication number: 20080077452
    Abstract: Managing and distributing the right to obtain seats from a travel service vendor comprises contracting with the travel service vendor for a total number of seats at a bulk discount rate. A package is defined which includes the right to obtain a prescribed number of seats from the total number of seats in each of several intervals of time. A net present value of the package is computed. An offering amount for the package is defined at the net present value plus a transaction margin. A customer is subscribed to the offering. Any collected offering amounts are invested to generate a ticket payment for a seat claimed by the customer. The travel service vendor is then paid for a seat claimed by the customer using the ticket payment. Customers may also be periodically charged an activity margin. A spread may also be collected from the investment account.
    Type: Application
    Filed: August 25, 2006
    Publication date: March 27, 2008
    Applicant: Crystal International Travel Group, Inc.
    Inventors: Peter Dugan, Peter Gallic