Travelport Rapid Reprice™ for Airlines
Travelport Rapid Reprice is the airline industry’s answer to re-pricing tickets. Travelport was the first to launch an automated ticket repricing solution, which now includes functionality representing 12 industry firsts and three exclusive solutions. Through leading technology, Rapid Reprice automates the complex itinerary re-pricing function based on 13 months of historical, current or a combination of historical and current fare and rule data. As a result, airlines increase revenues through precise calculation of additional collections and change fees, and overall pricing errors are virtually eliminated due to superior data integrity.
Contact us to learn more about Travelport Rapid Reprice.
Highlights
- The newly calculated price reflects appropriate taxes, additional collections, refunds, change fees or administrative fees in any currency, no matter where the ticket is issued.
- Rapid Reprice can be deployed across multiple distribution channels, including call centres, airport counters, koisks and Web sites, as well as in revenue accounting.
- All published, private and negotiated fares are incorporated into the re-pricing process.
- Rapid Reprice handles industry-exclusive waiver processing with no manual intervention.
Workflow
- Through an automated solution, agent keystrokes are reduced from approximately 500 to less than 10, and transaction time is cut from 30 minutes to less than one minute.
- Rapid Reprice integrates airline-filed fare and rule categories from SITA and Airline Tariff Publishing Company (ATPCO) – following carrier intent and/or carrier business policies – including Category 31 (Voluntary Changes), Category 33 (Voluntary Cancels), Category 35 (Net Fares), Category 15 (Private Fares) and Category 25 (Fare-by-Rule).
- Rapid Reprice processes wholly unused or partially flown PNR itineraries containing up to nine passengers, four different Passenger Type Codes (PTC) and 16 itinerary segments (group and C/PNR currently do not qualify).
- Using the electronic ticket record (ETR) for the most accurate coupon status, airlines can reprice e-tickets as well as paper ticket transactions.
- Travelport’s Rapid Reprice team provides industry experts in consulting airlines on filing Category 31 and 33 data.
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Requirements
- Subscription contract
- Access to Worldspan® via EDIFACT, XML or Data Interface Record (DIR)
- Valid for airlines that file Category 31 Voluntary Changes and/or Category 33 Voluntary Cancels through ATPCO