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Pegasus Solutions Named Platinum Sponsor of First World
Tourism Investment Summit in Busan, South Korea
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DALLAS (July 30, 2008) — Pegasus Solutions has taken on the platinum sponsorship for the First World Tourism Investment Summit in Busan, South Korea, October 6-9, 2008. Organized by the Canadian World Trade University Global Secretariat (WTU) and the Tourism Promotion Organization for the Asia-Pacific Cities, the globally significant summit will be chaired by the President of the United Republic of Tanzania, H.E. Jakaya Mrisho Kikwete. 

Prominent participation in and partnership with the summit was a natural choice for Pegasus, according to David Chestler, Pegasus’ senior vice president of corporate business development.

“As technology and economic development around the world take the tourism market to a truly global level, it’s the responsibility of companies like Pegasus to support the World Tourism Investment Summit in bringing together the best and most current investment, management and technology solutions to developing markets,” said Chestler. “It behooves us to invest in these leaders and markets, because they represent the customers, travelers and leaders of tomorrow.”

Secretary General of the summit, Sujit Chowdhury of the WTU, reports the event will bring together more than 500 global representatives from more than 50 countries. The majority of attendees will be top-level decision-makers actively engaged in tourism investment, development and operations. Global delegates will include senior executives from the private sector, tourism ministers, financiers, government leaders on all levels, and senior officials of international organizations. 

Chowdhury added, "All delegates will work to explore new investment opportunities, broaden networks and foster collaboration on new and innovative projects in the tourism industry."

With unprecedented investment initiatives and collaboration by government leaders, investors and related stakeholders currently available, the summit will focus on many issues, including: how does one decide where, when and with whom to invest; how can the public and private sectors work together to provide incentive investment opportunities; how can investments be best ‘assured’ to minimize risks; how should a national government and the corporate sector work together to protect the local environment;  and how to prepare a region and a community for the tourism impact.   

More information on the summit is available online at www.worldtourismsummit.com.

About Pegasus
Pegasus Solutions, Inc. is a global leader in providing technology and services to hotels and travel distributors. Founded in 1989, Pegasus’ customers include a majority of the world’s travel agencies and more than 86,000 hotel properties around the globe. Pegasus’ services include central reservation systems, electronic distribution services, commission processing and payment services, and marketing representation services, including the consumer Web site, www.hotelbook.com™. The company’s representation services, including Utell® Hotels & Resorts and Unirez by Pegasus™, are used by nearly 11,000 member hotels in more than 130 countries, making Pegasus the hotel industry’s largest third-party marketing and reservations provider. Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com or www.utell.com.


 
Contact:

Ariel Herr for Pegasus
1 (214) 890-7912
aherr@fortepr.com

 Karen Hoffman for WTIS
 The Bradford Group
 +1 (212) 447-0027
 wtis@wtuglobal.org 
 

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