Last month, Ticket Monster announced its acquisition of Flight Graph, an airline booking service startup.
Over the last three years, Flight Graph has been working on developing customized ticket search services for users who want to travel to diverse destinations at cheaper costs.
Traditionally, ticket booking services can only be used in one-way searches from the users’ side based on their desired travel dates and routes. However, this leaves users with fewer choices between expensive direct flights and less expensive ones with stopovers.
Flight Graph aims to solve this problem by providing a big data optimization tool for users to find the flight that fits them best, considering both the price and stopovers. In addition to that, Ticket Monster users will soon be able to search with hashtags.
Another unique function, Follow On, allows users to literally ‘follow’ travel routes that other people might have taken before. The way it works is that it allows one to select a destination and then it shows the different itineraries and routes that other users have used to travel to the destination. If one finds a route that suits one’s preference, one can book the ticket through Follow On, adjusting the dates and time.
Kim Doo-gyun, the CEO of Flight Graph, said, “as Flight Graph search is based on flight reservation records (of other users), you can book the one that suits you the best. But, when it comes to a multi-segment flight ticket, one of the most important checkpoints for algorithm is whether it complies with the regulation of flight routes.”
“The flight curation system that Flight Graph has developed is a highly sophisticated technology, rarely seen not only in the domestic market but globally as well,” said Lee Gang-jun, Head of the Ticket Monster multi-business group. “Ticket Monster will become a travel platform that offers the most satisfying combination of flight routes,” he added.
This article, entitled “Korea’s Ticket Monster acquires startup Flight Graph”, was written in Korean by Platum, edited by AllTechAsia editors.