The Elliott Interview: Bing Travel
Hugh Crean is the general manager of Bing Travel, Microsoft's new travel
search engine. Microsoft is trying to chip away at Google's search engine
dominance, and Bing Travel is part of a multi-pronged effort that also
includes shopping and health-related microsites. Crean's company, Farecast,
was acquired by Microsoft last year and folded into MSN Travel. Contributing Editor Christopher Elliott asked
Crean about what Bing means to travelers.
Farecast. MSN Travel. Now Bing Travel. My head is
spinning! Couldn't you just leave well enough alone?
It's true that we're giving the guy who changes
our name on the front door some good business this year, but we're excited
that as part of the overall Bing search strategy, Bing Travel is a solution
that a lot of travelers will discover and learn about in the coming weeks,
months and years. Frankly, we're simplifying things. With Bing Travel,
Microsoft now has a single online destination for travelers.
How is Bing Travel different from MSN Travel?
For starters, we incorporated all the great
Farecast features - price predictor, hotel rate indicator, deals, planning
tools, fare alerts, and more. Plus, we added the travel editorial travelers
have used and read for years at MSN Travel. Beyond those core features, we
have a really deep integration with Bing.com that makes Bing a great search
site for travelers. Try a general Web search on Bing.com for 'flights from
LAX to SFO.' Right at the top of the results you'll see our prediction on
whether to buy now or wait, deals out of LAX, a link to our flexible travel
tools and more.
Bing is a little over a week old. Has anything surprised you
about the reaction to the new site, and particularly to Bing Travel?
We're excited that user response to the Bing and Bing Travel has been
generally positive. There is plenty of room for improvement and we're
anxious to receive any and all feedback from customers so we can make it
even better.
At the heart of Bing Travel is data-mining technology
that predict the price of an airline ticket or hotel room. Can you explain
how it works?
At the core of Bing Travel is a passion to help
consumers make faster, more informed decisions by delivering a more
organized travel search experience and providing interesting features and
functionality which help users accomplish key tasks more easily.
The prediction is a good example of how we make customers smarter and more
empowered when shopping for airline tickets. Every night we gather and
analyze millions of airfares (we basically run and catalog every possible
search for every destination and every possible date). We then monitor
those fares over time. Through machine learning and other really complex
methods employed by our team of data miners, we are able to predict airfare
pricing trends over time. The process and the information we provide for
hotels is different, but employs many of the same basic principles.
I really like the way you turn airline yield
management on its head. Yield management tries to predict how much money a
passenger is willing to pay for a ticket. But Farecast -- sorry, Bing
Travel -- tries to predict when airlines are likely to offer the lowest
fares. How much money have you saved your customers?
We are complimentary to the airline's yield
management and in fact, we give consumers the confidence to buy when they
otherwise wouldn't open their checkbook. The airlines control their
pricing, and we are offering a free tip that builds consumer confidence.
Importantly, we're a search experience and not a travel agency, so when the
consumer is ready to buy we connect them with a click directly to the
airline or online travel agency to buy their tickets. A third-party audit
showed that we save the average couple $50 per trip. I couldn't tell you
how much money we've saved travelers over the life of our company, but we
get emails and tweets all the time from fans who save $100, $200 and even
more by using our price predictor.
Those fare prediction charts that show up when I do a
fare search are extremely helpful. I can't even count the number of times
I've been asked, "Will fares go up?" But I'm wondering: How do you know if
you're right? Have you ever subjected yourself to an audit of any kind?
Yes, we have subjected ourselves to a third party
audit which found that our airfare predictions are 74.5
percent accurate. We've never claimed to be perfect, and you'll see that
alongside our predictions we include a confidence rating. Our goal is to be
transparent and provide as much information and data as the consumers need
so they can make a smart decision about their travel.
When you look at hotels on Bing Travel, you don't see
the same kind of chart as you do when shopping for fares. Instead, there
are three given designations: "Deal", "Average" and "Not a Deal." How do
you come up with those labels, and how is your algorithm for hotels
different than it is for airfares?
Hotels is a very different product than air with
distinct comparison and pricing dynamics, so our approach is unique based
on the category. With hotels we aren't predicting what that particular rate
is going to do over time, the way we do with airfare. We mark hotels as
"Deal" or "Not a Deal" based on the historical rates for that hotel over
time, and a few other indicators. Again, we're presenting as much data for
travelers as possible so they make and informed choice. We like to say
that all our results are based on science, not marketing.
Don't look now, but car rental prices are climbing.
They could sure use a little Bing attention. Any plans?
Don't drive any conclusions from this, but we're
definitely keeping the door open on a rental car product.
I've noticed that Bing Travel includes more than just
a way to search prices. There are blogs and forums. How do these fit into a
search engine?
With Bing Travel, we're extending beyond
comparison shopping and providing content that helps travelers get inspired
about where to travel and be up to date with the latest travel news. A
recent Forrester report said that 20 percent of travelers start their
search without a specific destination in mind. So, the idea is to
complement quality travel editorial content with community content to
provide useful planning insights for travelers.
Bing Travel isn't the only site that tells travelers
the best time to buy. Others, notably Farecompare.com, have similar
features. How do you plan to differentiate yourself from those products,
moving forward?
To be clear, no other online travel site provides
a Price Predictor, which predicts if airfares are rising or falling and
provides consumers with a recommendation to buy now or wait. The Hotel Rate
Indicator, which uses science to indicate which hotel rates are deals, is
also a differentiated offering available only to Bing Travel. Even our
approach to airfare deals, leveraging billions of historical airfares to
help consumers know what is a deal and why it's a deal, is unique to Bing
Travel. We're committed to continued innovation to help consumers make
faster, more informed decisions when searching for travel.
Chris Elliott is a syndicated travel columnist. You can read more
interviews on his travel
blog.



