{"id":45376,"date":"2016-04-26T09:30:00","date_gmt":"2016-04-25T20:56:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/the-southwest-effect-makes-its-way-into-international-markets\/"},"modified":"2016-04-26T09:32:03","modified_gmt":"2016-04-26T13:32:03","slug":"el-efecto-southwest-alcanza-el-mercado-internacional","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/el-efecto-southwest-alcanza-el-mercado-internacional\/","title":{"rendered":"The Southwest Effect Makes its Way Into International Markets"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Analysis by FareCompare Shows Significant Savings for Consumers in New Routes to <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Central America<\/span> and the <span class=\"xn-location\">Caribbean<\/span><\/i><\/p>\n<p><span class=\"xn-location\">DALLAS<\/span>, <span class=\"xn-chron\">April 25, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0FareCompare released today its first findings of a comprehensive analysis of the Southwest Effect in new international routes, discovering significant savings for U.S. consumers.\u00a0 The company compared prices on new routes that the airline launched in the fall of 2015 for non-stop flights between <span class=\"xn-location\">Houston<\/span> and some of Southwest&#8217;s new cities in the <span class=\"xn-location\">Caribbean<\/span>, <span class=\"xn-location\">Central America<\/span> and <span class=\"xn-location\">Mexico<\/span>. The initial report is now available online at <a href=\"http:\/\/www.farecompare.com\/southwesteffect\" target=\"_blank\" rel=\"nofollow\"><span>farecompare.com\/southwesteffect. <\/span><\/a><\/p>\n<p>&#8220;We know that when there is competition, fares drop.\u00a0 And when Southwest or other low-cost carriers enter a market, consumers benefit from falling prices,&#8221; said <span class=\"xn-person\">Rick Seaney<\/span>, CEO and co-founder of FareCompare.\u00a0 &#8220;Our team leveraged our extensive database of current and historical fares to identify for the first time the scale of the Southwest Effect in international routes.&#8221; <\/p>\n<p><b>The Methodology:<br \/><\/b>FareCompare analyzes more than 17 billion itineraries\u00a0daily to find the lowest available prices on existing flights.\u00a0 For this project, the team compared available airfare prices from <span class=\"xn-location\">Houston<\/span> to eight new Southwest Airlines non-stop <span>destinations from <span class=\"xn-location\">Houston<\/span> &#8211; <span class=\"xn-location\">Belize<\/span> City, <span class=\"xn-location\">Cancun<\/span>, <span class=\"xn-location\">Liberia<\/span>, <span class=\"xn-location\">Montego Bay<\/span>, <span class=\"xn-location\">Mexico City<\/span>, <span class=\"xn-location\">Puerto Vallarta<\/span>, <span><span class=\"xn-location\">San Jose<\/span> del Cabo <\/span>and <span class=\"xn-location\">San Jose<\/span>, Costa Rica.\u00a0\u00a0 The first analysis compared 70,410 airfare searches of the first quarter 2015 with the first quarter of 2016 searches to determine if baseline price changes had occurred. Prices were based on the average of the lowest detected prices<\/span> for the advance purchase of between 14 and 34 days before departure, for stays from 4 to 14 days.\u00a0 The second analysis compared a total of 233,704 airfare searches between <span class=\"xn-chron\">January 2015<\/span> through <span class=\"xn-chron\">mid-April 2016<\/span>, using the same filters applied to the first analysis.<\/p>\n<p><b>The Findings:<br \/><\/b>The Southwest Effect appears to extend to international destinations, at least in most cases. Overall, average lowest prices on round-trip flights to these destinations dropped significantly with the exception of fares to <span><span class=\"xn-location\">San Jose<\/span> del Cabo<\/span>, which rose slightly. Price drops for all destinations averaged out to <span class=\"xn-money\">$155<\/span> or nearly 25% from year-to-year; when <span><span class=\"xn-location\">San Jose<\/span> del Cabo <\/span>fares are removed from consideration, the drop was slightly above 30%.<\/p>\n<p>However, there are likely other factors at play as well, including other low-cost carriers in the market and the Zika virus scare.\u00a0 The full report is available now from FareCompare.<\/p>\n<p>&#8220;<span>I think it is important to note the Southwest Effect is essentially a competition effect but competition has been decimated the past 6 years with mega-mergers; it is good to see what happens when airlines compete,&#8221; Seaney added.<\/span><\/p>\n<p>The research project was lead by Dr. <span class=\"xn-person\">James C. Stone<\/span>, Ph.D., Lead Data Scientist at FareCompare, supported by <span class=\"xn-person\">Anne McDermott<\/span>, Editor and the entire analytics and communications team at FareCompare. The team continues to analyze this data to determine how shoppers can get the best deals and will provide updates on the findings in the near future. <\/p>\n<p><b>About FareCompare<br \/><\/b>Headquartered in <span class=\"xn-location\">Dallas<\/span>, FareCompare makes shopping for airfare easy and simple by comparing currently available fares from a wide variety of sources through one simple search.\u00a0 The company&#8217;s multiple products allow customers across the world to keep track of their favorite destinations and specific travel dates, plus find great low price deals that are not publicized through its best-in-class deal detection algorithms. <a href=\"http:\/\/www.farecompare.com\/\" target=\"_blank\" rel=\"nofollow\"><span>FareCompare.com<\/span><\/a> is the trusted source of 6 million global users every month. <\/p>\n<p><b>Media Contact<\/b>: <span class=\"xn-person\">Alex Williams<\/span>, <a href=\"mailto:media@FareCompare.com\" rel=\"nofollow\">media@FareCompare.com<\/a> (972) 588-1448<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Analysis by FareCompare Shows Significant Savings for Consumers in New Routes to <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Central America<\/span> and the <span class=\"xn-location\">Caribbean<\/span><\/i><\/p>\n<p><span class=\"xn-location\">DALLAS<\/span>, <span class=\"xn-chron\">April 25, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0FareCompare released today its first findings of a comprehensive analysis of the Southwest Effect in new international routes, discovering significant savings for U.S. consumers.\u00a0 The company compared prices&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-45376","post","type-post","status-publish","format-standard","hentry","category-viajes-y-turismo"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=45376"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45376\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=45376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=45376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=45376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}