Nomura Research Institute has filed a patent for a travel plan proposal system. The system uses vacancy rates of accommodation facilities to derive destination areas and proposes a travel plan with a combination of destination areas, accommodation facilities, and transportation routes. The proposed plan ensures that the total accommodation costs and transportation expenses are within the user’s budget. GlobalData’s report on Nomura Research Institute gives a 360-degree view of the company including its patenting strategy. Buy the report here.

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According to GlobalData’s company profile on Nomura Research Institute, Virtual banking assistant was a key innovation area identified from patents. Nomura Research Institute's grant share as of September 2023 was 22%. Grant share is based on the ratio of number of grants to total number of patents.

A travel plan proposal system

Source: United States Patent and Trademark Office (USPTO). Credit: Nomura Research Institute Ltd

A recently filed patent (Publication Number: US20230304805A1) describes a travel plan proposal system that aims to provide users with personalized travel plans. The system includes a destination information recording unit that stores information on various travelable areas, an accommodation facility information recording unit that stores information on accommodation facilities including costs, a destination deriving unit that extracts destination areas based on vacancy rates and user preferences, and a route deriving unit that sets routes and transportation means for moving between the destination areas.

The destination deriving unit uses vacancy rates calculated for accommodation facilities in different destination areas to extract a predetermined number of destination areas for each stay date specified by the user. The system then derives one or more candidates for the travel plan, considering the schedule pattern and destination areas. The route deriving unit sets predetermined routes for each candidate, taking into account transportation means, lines, required time periods, and transit points. The proposed candidate for the travel plan is selected based on the total representative accommodation costs and traffic expenses, ensuring they are within the user's budget.

The patent also mentions that the representative accommodation costs for each destination area are calculated as the median of accommodation costs at a target stay date, acquired from the accommodation facility information recording unit. This ensures that the proposed travel plan includes accommodation options that align with the user's budget.

Additionally, the destination deriving unit can weigh the destination areas using adjustment values, allowing for further customization of the proposed travel plan. The system can present recommended accommodation facilities in the destination areas based on the representative accommodation costs. It can also rank accommodation facilities within the destination areas according to a predetermined criterion, providing users with a ranking of options.

When setting predetermined routes for the candidates, the route deriving unit considers accommodation facilities that have accommodation costs corresponding to the representative accommodation costs in the destination areas. This ensures that the proposed travel plan includes accommodation options that align with the user's budget.

Overall, this patent describes a travel plan proposal system that utilizes destination information, accommodation facility data, and user preferences to generate personalized travel plans. By considering factors such as vacancy rates, accommodation costs, and transportation options, the system aims to provide users with feasible and budget-friendly travel plans.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.