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Fastest-growing Select Service Brand, La Quinta Inns & Suites,
Extends and Expands Relationship with Pegasus Solutions

Three-year contract renewal includes evolution to RezView® NG
and global commission processing services


SCOTTSDALE, DALLAS and LONDON (April 5, 2010) – Pegasus Solutions has extended and expanded its relationship with La Quinta Inns & Suites, the fastest-growing select service brand in the hotel industry. The three-year renewal with the approximately 800-hotel brand includes reservation services with Pegasus’ market-leading RezView® central reservations system (CRS), a planned evolution to the Pegasus’ award-winning RezView® NG next generation CRS, and global commission processing services.
 
La Quinta has employed Pegasus’ RezView CRS since 2007 following its acquisition by The Blackstone Group. RezView, which maintains the industry’s best uptime and sub-second response times, is core to La Quinta’s reservations and operations, according to Vivek Shaiva, chief information officer for La Quinta.

“We’re delighted to have worked closely with Pegasus to optimize the capabilities and flexibility of RezView to deliver a revenue management strategy that not only allows us to meet the diverse and specific needs of our customers, but to also fuel growth that has exceeded our expectations,” said Shaiva. “And, with the planned evolution to RezView NG, we’ll retain special features we’ve pioneered with our Pegasus product team, while also adding improved rate and channel management capabilities.”
 
Pegasus’ business solutions strategies helped La Quinta develop a dynamic rate strategy, unprecedented in the industry, which allows the CRS to return the best available rate (BAR) for each day in a multi-night stay, rather than the BAR available for all nights requested. La Quinta also worked closely with Pegasus to develop and launch a property management system (PMS) hub that has now been expanded in RezView NG as RezView Connect. This is another example of the scalability and flexibility of RezView NG, as RezView Connect supports any business system requiring an interface with the CRS across La Quinta’s 800 properties.

“Our relationship with La Quinta is the perfect example of the important business solutions we can deliver in cooperation with a willing customer. Vivek and his team came to us with specific challenges they needed to address, and together, we’ve tackled those problems, developing and delivering beyond traditional solutions. The result is true product innovation and solutions development at its best, yielding the right business-driving results for La Quinta, and enriching our product offering and services for the industry,” said Mike Kistner, CEO of Pegasus Solutions.
 
RezView NG has been lauded by the hospitality industry as the first major redesign of the CRS in more than 20 years, and by InfoWorld as one of the top IT projects of 2009. To-date, it has been upgraded to more than 8,000 hotels. La Quinta will use RezView NG for reservations, content management and channel management, and Pegasus’ Global Commission Processing for timely commissionable agency reservations and payments. Recognized globally by agents as the preferred commission processing service, Pegasus Global Commission Processing offers payments with check or direct deposit in any of 37 currencies.

About La Quinta
LQ Management L.L.C. is one of the largest operators of limited-service hotels in the United States. Based in Dallas, TX, the company operates and provides franchise services to close to 800 hotels in 46 states, Canada and Mexico under the La Quinta Inn® and La Quinta Inn & Suites® brands. For reservations or more information about La Quinta, please visit www.LQ.com or call 1-800-SLEEPLQ. Follow La Quinta Inns & Suites on Twitter at www.twitter.com/LQ.
 
About Pegasus Solutions Inc.
Pegasus Solutions is the world’s leading provider of technology and services to hotels and travel distributors, supplying state-of-the-art central reservation systems and electronic distribution services, advanced agency commission processing and payment services, and hotel marketing representation services. Founded in 1989, Pegasus created and launched the hotel switch, and today its customers include more than 95,000 properties around the globe as well as a majority of the world’s travel agencies. Additionally, Pegasus’ powerful representation arm incorporates Utell® Hotels & Resorts and Utell Connect, services that have been chosen by nearly 9,000 member hotels in more than 130 countries, making Pegasus the hotel industry’s largest third-party marketing, sales and reservations specialist. Pegasus also powers the niche consumer Web site www.hotelbook.com™, dedicated to promoting independent and boutique hotels throughout the world. Headquartered in Dallas, 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. Follow Pegasus on Twitter at www.twitter.com/pegexec.
 
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Contacts:

Media contact: 
Ariel Herr
+1(214)890-7912
aherr@fortepr.com 
                                                                                                                                   
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Also See: The Pegasus View February 2010: Business Travel Recovery Indicated by Hotel Booking Volumes, Net Revenue and Average Daily Rates; North America business travel booking volumes show strong performance while other regions return increases in length of stay and average daily rates / March 2010

Marriott International Adds Two Brands to Pegasus Solutions’ Global Commission Processing; Marriott ExecuStay and Autograph Collection Hotels and Resorts Included in Contract Expansion / March 2010

Proven MarketVision Hotel Competitive Intelligence Platform from Pegasus Solutions Yields Significant Returns for Hotels; Launched a year ago, properties worldwide realize revenue-driven results / March 2010

Utell® Hotels & Resorts Celebrates 80 Years of Innovation; World’s Leading Hotel Representation Service Marks Unprecedented Anniversary with Distinguished Additions to International Portfolio / March 2010

The Pegasus View January 2010: Leisure Travelers Regain Confidence, Boosting Booking Volumes Beyond 2009, 2008 and 2007 Levels / March 2010

The Pegasus View December 2009: Bookings in Both GDS and ADS Exceed 2008 and 2007 Volume; With +15.35% Increase in GDS and +22.49% Jump in ADS Net Bookings Over 2007, Report Highlights Importance of Raising Rates Lowered to Drive Demand in 2009 / January 2010

Pegasus Solutions Announces Successful Debt Restructuring; Strategic Move Positions Company for Additional Growth / January 2010

Pegasus Solutions Aligns and Expands Management Team for Targeted Growth in 2010; Appointments Reinforce CEO’s Corporate Vision and Dedication to Product Innovation / January 2010

InfoWorld Names Pegasus Solutions’ RezView® NG Among Top IT Projects of 2009; Next generation CRS represents only hospitality technology solution on revered list / January 2010

The Pegasus View November 2009: ADS and GDS Channels Experience Positive Year-on-Year Net Revenue Growth for First Time this Year; +13.28% Increase in GDS Net Revenue and +2.09% Jump in ADS Net Revenue Beat 2008 Figures, but Numbers Still Fall Short of 2007 Levels / December 2009

The Pegasus View October 2009: Report Shows Bookings and Net Revenue Figures Climbing Back to 2008 Levels; North America’s Corporate Bookings Jump +3.5% in October 2009 vs. October 2008 and Leisure Bookings Offset Dwindling ADR with +21% Increase for the Same Period / November 2009

HP and Technology Service Provider Pegasus Solutions to Collaborate on Travel Technology / November 2009

Warwick International Hotels Renews Contract with Utell® and Selects Pegasus Solutions’ NetBooker® NG Enhanced Internet booking engine will drive online bookings directly to 27 Warwick Hotels and Resorts worldwide / October 2009

The Pegasus View September 2009 Reports GDS Average Daily Rate Reaches High Point; GDS Reservations Up By +7% in September 2009 Compared to September 2007, While Overall Booking Lead Times Across All Channels Remain Short / October 2009

Pegasus Solutions’ August 2009 The Pegasus View Shows Largest 2009 Single Month Increase in Leisure Bookings / September 2009

Pegasus Solutions and VFM Leonardo Form Strategic Partnership; Pegasus Chooses VFM Leonardo's VScape® Digital Asset Management System to Power All Visual Content for ODD and Content Hub / June 2009

Utell® Hotels & Resorts Signs Up Hundreds of New Members in 2009, Around the Globe, 471 Hotels from
65 Countries Have Selected Utell Since the Beginning of the Year / June 2009

Pegasus Solutions Teams with Rubicon to Launch New MarketVision Competitive Intelligence Reporting: Visit HITEC Booth #1054 or twitter.com/pegexec, Hotel Users Switch to MarketVision to Take Advantage of Pre-eminent Market Intelligence / June 2009
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