- New Galileo 360 Fares Decreases Agency Transaction Processing Costs,
Guarantees Accuracy of Fare Quotes and Virtually Eliminates Discrepancies
Caused by Manual Input of Rules -
PARSIPPANY, N.J., June 26 /PRNewswire-FirstCall/ -- Galileo International,
a leading global distribution services (GDS) company and subsidiary of Cendant
Corp. (NYSE: CD), has today announced the launch of fully automated Airline
Private Fares for international itineraries. Galileo's comprehensive faring
system, now called Galileo 360 Fares, consists of both fully automated
domestic and international Airline Private Fares, North American Public Fares,
Web Fares, Consolidator Fares and Agency Private Fares. This move signals the
end of manual fare rule loading and positions Galileo as the first and only
GDS to be able to offer a complete suite of fully automated private fares.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020515/GALILEOLOGO )
Airline Private Fares enables airlines to file fare data to Galileo using
more automated Airline Tariff Publishing Company (ATPCo) rule categories than
any other GDS, including fully automated and validated Fare by Rule 'Category
25' and Negotiated Fares 'Category 35' fares. This new solution allows for
the latest domestic and now, international airline private fare data to be
available sooner to Galileo customers than any other GDS for fare pricing and
shopping after the airline originally posts them with ATPCo. The data, filed
by the airlines and transmitted from ATPCo to Galileo, is received completely
electronically, removing the need for any manual intervention. Upon use of
these fares by Galileo customers, the fares are fully validated for all rule
provisions ensuring proper fare pricing and further reducing debit memos.
"This groundbreaking fares offering delivers the most accurate and
comprehensive faring system in the industry today and represents a
multi-million dollar investment by Galileo," said Mitch Gross, executive vice
president of Galileo's Americas region. "This is a true industry first. We
are continually looking for ways to improve how we manage and deliver content.
Working closely with our airline and agency partners, we are now able to
deliver a complete suite of fully automated fares solutions that considerably
improves accuracy and efficiency of fares loading providing our agents with a
competitive edge," added Gross.
Galileo customers will now have access to the broadest set of fares upon
filing by the airlines, which will enable them to instantly leverage special
fares promotions and sell more complex itineraries. Galileo 360 Fares
supports more fare options, greater fare details and is fully automated which
will decrease agency transaction processing costs. As part of an overall
effort to completely automate fares loading, Galileo 360 Fares provides
significant benefits:
-- Faster time to market for new and adjusted fare and fare-related
conditions, allowing agencies to be more efficient, more competitive
-- Virtual elimination of discrepancies caused by manual input of rules
The first phase of Galileo 360 Fares launched in December 2001 with the
introduction of North American Public Fares along with North American Airline
Private Fares. Airline Private Fares for International fares is the second
phase of Galileo 360 Fares. A release date for international public fares
will be announced later in 2003.
Galileo 360 Fares directly answer the demands of both the travel agent and
the airline. The two key drivers are accuracy of data and speed of
availability or distribution.
"This latest enhancement to our Fares product is the result of our
strategic use of open architecture," said Mickey Lutz, senior vice president
and chief information officer of Galileo. "These solutions and the technology
behind them are critical to the future of the industry and give us a strong
competitive advantage. We continue to be significantly ahead of our
competition in delivering new technology solutions that solve complex faring
needs," Lutz added.
The Galileo 360 Fares program also offers many benefits to airlines
enabling them to be more responsive and provide more robust support of their
pricing and market planning programs. Further, Galileo 360 Fares can reduce
airline costs by streamlining the fare filing process as well as increasing
fare integrity.
About Galileo International
Galileo International is a global technology leader. Its core business is
providing electronic global distribution services for the travel industry
through its computerized reservation systems, leading-edge products and
innovative Internet-based solutions. Galileo is a value-added distributor of
travel inventory dedicated to supporting its travel supplier, agency and
corporate customers and, through them, expanding traveler choice. A
subsidiary of Cendant Corporation, Galileo is headquartered in Parsippany, New
Jersey, U.S.A., and has offices worldwide. Visit http://www.galileo.com.
About Cendant Travel Distribution Services Division
Cendant's Travel Distribution Services Division is one of the world's
largest and most geographically diverse collections of travel distribution
businesses. The division, employing some 5,000 people in more than 110
countries, includes: Galileo, a leading global distribution system (GDS)
serving more than 47,000 travel agencies and over 51,000 hotels; hotel
distribution and services businesses (Trust, THOR, WizCom); leading travel
agencies, including Cheap Tickets and Lodging.com; an airline market
intelligence company; and Highwire, a corporate travel booking company.
NOTE: The correct name of the faring system should be spelled with the
degree symbol after 360.
SOURCE Galileo International
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20020515/GALILEOLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Related links:
http://www.galileo.com
CONTACT:
Galileo U.S. Inquiries, Jill Brenner, Cendant
Travel Distribution Services, +1-973-496-5870,
TDS.CorpCom@cendant.com
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