Abacus
International has announced the launch of the first and only
automated exchange solution for net fares.
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 fares.
Currently,
all Abacus-connected travel agents benefit from access to the most
extensive net fare content in the region via Abacus’s private fare
database, Abacus FareX.
“Net
fares ticketed on Abacus FareX are on the rise, and we want to
provide our partners and customers with a scalable solution that will
allow them to continue to serve their customers efficiently,” said
Martin Symes, vice president, marketing, Abacus International.
“The
new automated exchange function in Abacus FareX helps to save time,
reduce errors while driving additional revenue for travel agents and
airlines.”
Over
20,000 travel agents with access to more than five million origin and
destination net fares can now expect a simpler and more streamlined
process with Abacus FareX Automated Exchange.
Abacus
is the first and only GDS offering an automated exchange solution for
nonpublished fares.
“Reissuance
required on net fares is a common challenge that takes up a great
deal of agents’ time.
This
new capability helps our agents increase productivity and avoid the
hassle and risk of error in manual reissuance,” added Symes.
The
automated exchange process for reissuance of net fares within Abacus
FareX is covered by the same Fare Guarantee associated with published
airfares.
Airlines
will also benefit through rapid distribution of net fare content and
reduction in the administrative overhead associated with processing
ADMs.
Abacus
FareX Automated Exchange will first be used by launch partner,
Singapore Airlines before being rolled out to other partners.