ABACUS International has rolled out a first-of-its-kind automated exchange solution for non-published fares, aimed at tackling the rising trend of net fares flooding Asian markets.
Net fares are an increasing component of Asian airlines’ distribution strategies, with key Asian travel markets now issuing between 40 and 60 per cent of all tickets via net (non-published via ATPCO) fares, according to Abacus.
Martin Symes, vice president, marketing, Abacus International, said: “The new automated exchange function in Abacus FareX helps to save time, reduce errors while driving additional revenue for travel (consultants) and airlines.
“Reissuance required on net fares is a common challenge that takes up a great deal of (travel consultants’) time. This new capability helps our (consultants) increase productivity and avoid the hassle and risk of error in manual reissuance.”
The automated exchange process for reissuance of net fares within Abacus FareX is covered by the same Fare Guarantee associated with published airfares.
The new solution will first be used by launch partner, Singapore Airlines, before being introduced to other partners.
Airlines will also benefit through rapid distribution of net fare content and reduction in the administrative overhead associated with processing airline debit memos.
