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SkyAuction.com Snapshot
It's not how high you can fly but how high you're willing to bid if you want to fly. That's the rationale behind SkyAuction.com, an online auction site for travel services such as airline flights, hotel accommodations, cruises, and tour and travel packages. Users register for free and start the bidding at $1 then track the auction online. (Winners pay a commission ranging from $20 - $50). Airlines, hotels, and other travel operators offer excess inventory for travel in the US, Europe, Mexico, Asia, Australia, and Africa. SkyAuction was founded in 1999. Major investors include Baring Private Equity Partners (private equity arm of ING Group) and i-Hatch Ventures.
