Hotel Online  Special Report


Accovia Offers First Dynamic Pricing
Rule Engine for the Travel Industry
Travel Wholesalers and Retailers Can Use Accovia's Automated Pricing Control Center to Seamlessly
Apply Business Selling Rules to Pricing 

Montreal, Canada - March 30, 2004 - Accovia Inc., the global leader in travel packaging technology, today announced the travel industry's first dynamic Pricing Rule Engine for use with Accovia's web-based Selling System Platform. The Accovia Pricing Rule Engine automatically applies business logic to the sales process and provides a pure object oriented platform for travel industry rule-based systems, simplifying the complex pricing nature of dynamic packaging. 

"Dynamic packaging is more than just a buzzword in the travel industry today," said Claude Guay, president and CEO of Accovia. "The dynamic pricing function is key to realizing a comprehensive dynamic packaging solution. The flexibility afforded by our Pricing Rule Engine -- to seamlessly apply pricing rules at the individual component level or at the package level -- gives customers a competitive advantage by removing limitations on product pricing." 

Pricing schemes enforced by the Accovia Pricing Rule Engine range from relatively simple to complex.  Examples include: 

  • If length of stay is greater than 5 days at location A then customer gets discount of 5%.
  • If the package destination is Caribbean with hotel type premium, and the traveler age is greater than or equal to 18 years old for departure dates between January 1 to March 31 with a length of stay that is greater than 4 nights, then discount the hotel price by 50% for nights after the fourth night. 
Complex schemes take additional factors into consideration including, but not limited to: departure and return dates, minimum and maximum stay requirements, package or individual product codes, passenger type and age, market, brand and location. The Accovia Selling System Platform displays and discounts (where applicable) component prices individually or cumulatively, proffering one reference price based on customer preferences, as opposed to compiling various brochure and contract prices. 

Dynamic packaging is critical to today's travel industry as airlines, hotels, tour operators and travel agencies realize the financial and commercial benefits of offering custom packaged travel services to consumers. Enabling technologies such as Accovia's, allow travel service providers to optimize revenue and margin by using a selling and distribution system for multi-component travel services, with a control center for all selling system pricing behavior - automating the generation of mark-ups and discounts, and simplifying complex commission and rebate schemes.

About Accovia 

Accovia, Inc. is the leading provider of travel packaging technology for the travel industry. The company offers the industry's only Travel Package Management product suite for procuring, packaging, selling and distributing multi-component travel services through GDS, call center, Internet and direct channels. Accovia's technology solutions enable travel wholesalers and retailers to significantly increase profit margins through the ability to dynamically create and customize travel packages, which are then sold under a single price. The company provides the only complete travel distribution service that cost-effectively connects travel marketers and distributors to GDSs and Internet travel channels using a single connection.  Accovia's technology solutions can be fully customized and privately labeled to accommodate diverse business models. More than 40 travel companies in 10 countries use Accovia's technology to send over 25 million people on trips each year. Founded in 1985, the company has offices in the United States, Canada and France. For more information about Accovia visit www.accovia.com.

Accovia is a trademark of Accovia, Inc. Any other marks used in this document are trademarks or registered trademarks of the manufacturers or marketers of the products with which the marks are associated.

Contact:


Reichert Communications, LLC
Barbara Reichert
barbara@reichertcom.com
650.212.1112
Also See: Accovia Gives Packaging Protocol to OTA / March 2004
Accovia Expands Dynamic Packaging with Real-Time Hotel e-Procurement / November 2003
Accovia Innovates with a Web-based Selling Platform for Dynamic Packaging / September 2003
Accovia's SpeedRes Automates Leisure Travel Operations for Sun International Hotels & Resorts / May 2003
Accovia Offers Industry Leading Airfare Management and Shopping Solution as a Web Service/ April 2003
Accovia Delivers the Industry’s Broadest Suite of Travel Automation and Management Solutions for Travel Packaging / Aug 2002
Accovia Enters the U.S. Travel Service Market - Global Travel Technology Leader to Help U.S. Travel Agencies, Suppliers and Distributors Increase Profitability / June 2002


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