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| DALLAS, Jan. 28, 199 - Dallas-based Pegasus Systems,
Inc. (Nasdaq: PEGS) today announced it is "powering" seven more hotel chain
Web sites with its booking functionality, enabling the sites to accept
real- time hotel reservations from consumers around the world. With the
addition of these seven Web sites, Pegasus is now powering 24 hotel chain
Web sites. Pegasus Systems is a leading provider of hotel industry electronic
commerce and transaction processing solutions.
The seven Web sites represent more than 4,400 hotels that span the upscale, limited-service and extended-stay lodging segments. The hotel Web sites recently "Powered by Pegasus(TM)" include:
"As Internet hotel bookings continue to grow, hotels are clamoring to establish their own proprietary Web sites for their brand-loyal customers. Pegasus enables hotel companies to quickly and effectively implement Internet booking capabilities without making pricey technology investments, such as the necessary ongoing upgrades to hardware and Internet connectivity," said John F. Davis III, president and chief executive officer of Pegasus Systems. "The phenomenal level of interest we're seeing from hoteliers wanting their Web sites 'Powered by Pegasus' is reflective of this trend." These seven hotel brands are also bookable through Pegasus' online distribution
network, According to the Travel Industry Association, TravelWeb is one of the six "mega-sites" that account for 75 percent of all travel-related sales on the Internet. During the first nine months of 1998, Internet hotel bookings made through TravelWeb and the sites that are part of Pegasus' online distribution network resulted in more than $100 million in hotel room sales, an increase of 269 percent over the same period in 1997. By the year 2003, travel reservations made online are expected to exceed $29 billion, according to Forrester Research. Company Background Pegasus Systems, Inc. provides global electronic commerce and transaction processing solutions to hotels, travel agencies, meetings and convention planners, corporate travel departments and Internet businesses around the world. Pegasus' customers include nine of the 10 largest hotel companies in the world. Pegasus Systems has its headquarters in Dallas and offices in London. The company's stock is traded on the Nasdaq National Market under the symbol PEGS. |
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| Also See: | Consumer Input Resulted in Hotel Industry's Most Comprehensive Web Site / Jan 1999 |
| Pegasus Systems to Pay Travel Agents for Internet Hotel Bookings / July 1998 |
which
includes travel reservations Web sites such as Pegasus' TravelWeb(R) (www.travelweb.com),
Preview Travel and Microsoft's Expedia.com.