Define: Advance Purchase Fare

Advance Purchase Fare
Advance Purchase Fare
What is the dictionary definition of Advance Purchase Fare?
Dictionary Definition of Advance Purchase Fare

Advance Purchase Fare:

Noun: A discounted fare offered by airlines, hotels, or other travel providers that requires customers to book and pay for their travel arrangements well in advance of their intended travel dates. Typically, advance purchase fares offer significant savings compared to regular fares but often come with certain restrictions and conditions, such as non-refundable tickets, limited availability, and strict cancellation policies. These fares are designed to incentivize early bookings and help travel providers manage their inventory effectively. Advance purchase fares are commonly used by budget-conscious travelers and those with fixed travel plans who are willing to commit to their travel arrangements in advance in exchange for cost savings.

Full Definition Of Advance Purchase Fare

An advance purchase fare refers to a type of ticket or fare offered by transportation companies, such as airlines or railways, that requires customers to purchase their tickets well in advance of their intended travel date. This fare typically offers a discounted price compared to regular fares but comes with certain restrictions and conditions.

The main characteristic of an advance purchase fare is that it requires customers to make their purchase a specified number of days or weeks before their travel date. The exact advance purchase period may vary depending on the transportation company and the specific fare. For example, an airline may offer advance purchase fares that require customers to book their tickets at least 21 days in advance.

In addition to the advance purchase requirement, these fares often come with other restrictions. For instance, they may be non-refundable or have limited or no flexibility for changes or cancellations. Customers may also be subject to additional fees or penalties if they need to modify their travel plans.

Advance purchase fares are typically offered as a way for transportation companies to incentivize customers to plan their trips in advance and fill seats or cabins that would otherwise remain empty. By offering discounted fares, companies can generate revenue and ensure a certain level of occupancy.

It is important for customers to carefully review the terms and conditions associated with advance purchase fares before making a purchase. This will help them understand the restrictions and limitations that come with these fares and make an informed decision about their travel plans.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 11th April 2024.

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