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Topic: Business
Number of pages / Number of words: 14 / 3805
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It tries the found the best match of the customer offer among alternative company offers. Priceline lets customers name the amount they are willing to pay but reveal the details of their itinerary only after they have punched in their credit card number.

  • Auction Broker: conducts auctions for sellers...

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Broker charges the seller a listing fee and commission scaled with the value of transaction. Hotwire is an example of auction broker in online travel market. Hotwire's partners allow this web site access to their unsold inventory - empty seats on flights, empty hotel rooms, and unrented cars - at big savings...


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