Travelport Rapid Reprice is a system that accesses historical fares and rules data allowing carrier subscribers to automatically re-price and reissue/refund ticketed air journeys. There are currently 400 days of historical fares information maintained on the database that consists of approximately 1.5 billion fares. All current fares, current rules, and historical fare rules are maintained on the Travelport pricing system.
Rapid Reprice pricing/repricing logic is based upon ATPCO/SITA Voluntary Changes (Category 31) data application. Rapid Reprice also processes ATPCO’s Involuntary Changes (Category 33) data application.
In 2008 SITA finalized Category 31 which allowed carriers to file their Category 31 data (with SITA.) Travelport supports and processes either ATPCO or SITA Category 31.
Rapid Reprice was designed to have multiple user inputs:
For hosted carriers, the templates access the previously ticketed itinerary data from either an electronic ticket record, or from the “Old Data” screen (in Rapid Reprice).
The itinerary for reissue data is derived from both PNR and inventory/availability (internal to Travelport) when appropriate. For non-hosted carriers the previously ticketed itinerary, itinerary for reissue data and the inventory/availability information are routed to the Rapid Reprice engine.
Rapid Reprice analyzes the fare construction of the previously ticketed itinerary to determine how the fare(s), taxes and other charges are related. The engine then gathers historical information regarding the previously ticketed itinerary.
Generally, this includes Penalties (Category 16) and Category 31 information. The previously ticketed itinerary and the itinerary for reissue are interrogated to determine where changes occurred. This information is then used to determine the applicable Category 31.
Based on the Category 31 rules, Rapid Reprice will commence processing permutations through the pricing loop. The pricing application uses the rule provisions to determine whether the applicable fares for the reissue will be; “Historical”, “Current” or a combination of both.
If the lowest fares are requested, inventory for the un-flown portion of travel may be used. When the lowest historical fare is used for flown portions of travel, an internal hierarchy is used to determine if an equal or higher class of service can be used.
Fare construction methods used may be determined by the Category 31 rules. Individual pricing results will be compared for the lowest combinable fares. These fares will then be compared with the lowest add/collect or highest refund results returned from Rapid Reprice to ensure the lowest additional collection (or highest refund). Any applicable Penalties/Change Fees that may apply are also considered when determining the lowest add/collect (or highest refund).
Historical taxes will be applied to itineraries when applicable. PFCs and ZP taxes are applied with current rules. Rate of Exchange (ROE) and Bankers Buyers Rates (BBR) are maintained historically and can be applied using current or historical fares based on the rules used in the reissue. The fare ladder is built using the lowest overall fare construction and will include flown segments when applicable.
A fare difference amount is determined by taking the total amount of the previously ticketed itinerary (fares, taxes, charges, etc.) and subtracting the amount of the newly calculated fare for the reissue.
Penalties or Administrative Fees associated to the previously ticketed itinerary will be used in the calculation of the add/collect total or, in some cases, to reduce a refund. At this point all the required information to perform a reissue.
