Service and New Agreements from Its
Hotel Company Customers
automation of hotel reservations for tour and wholesale operators
DALLAS (June 23, 2004) — At the HITEC show today, Pegasus Solutions, Inc. (Nasdaq: PEGS) continued the introduction of its new PegsTour service, announcing a number of hotel companies and tour/wholesale operators that have agreed to participate in the service. Dallas-based Pegasus Solutions is a leading worldwide provider of hotel reservations-related services and technology. Pegasus is exhibiting at booth 1228 at HITEC.
PegsTour is an innovative service designed to automate hotel bookings for wholesale and tour operators. PegsTour automates key booking processes by providing an electronic interface which connects operators to multiple hotel central reservation systems. The service normalizes system functionality, booking data and transaction formats through one interface environment, thereby achieving connectivity between very different hotel and operator technologies. PegsTour offers real-time electronic delivery of allocation hotel reservations, as well as modifications and cancellations, to a hotel’s central reservation system and property management system.
Hilton International, Kimpton Hotels and Le Meridien Hotels and Resorts have expanded their agreements with Pegasus Solutions to include the PegsTour service. Additionally, the following companies are new Pegasus customers and beginning implementation of the PegsTour service:
“Finally, our properties will be spending less time manually entering reservations from tour and wholesale operators,” said Tim Davis, senior vice president of distribution and e-commerce for Hilton International. “This type of booking is a large percentage of our reservations, so we’re excited about the implementation of PegsTour and hope that more tour operators will adopt it.”
While these customers begin the implementation process to use PegsTour, Pegasus continues to urge all its hotel chain customers, as well as the worldwide industry of large wholesale operators, to participate in this new service.
“We’re pleased with the progress we’ve made in sharing the benefits of PegsTour,” said Bob Boles, executive vice president of sales and marketing for Pegasus. “Its success depends on participation from both tour operators and hotel chains. We believe this quick adoption clearly proves the overwhelming value this service offers both hotels and wholesale/tour operators. Based on the industry’s response to PegsTour to date, our expectation is that the momentum will continue to build, thereby encouraging even more customers to request this pioneering new service.”
The introduction of PegsTour marks another industry first for the company, beginning in 1989, when Pegasus introduced the industry’s first switch connecting hotels and travel agents via the global distribution systems. Then in 1991, Pegasus was first to connect hotels and travel agent commissions, and in 1995, Pegasus was the first to connect hotels and the Internet.
More information about the PegsTour service is available online at www.pegs.com/pegstour.htm.
Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) is a leading global provider of hotel reservations-related services and technology. Founded in 1989, Pegasus’ customers include a majority of the world’s travel agencies and more than 50,000 hotel properties around the globe. Pegasus’ services include central reservation systems, electronic distribution services, commission processing and payment services, property management systems, and marketing representation services. The company’s representation services, including Utell by Pegasus and Unirez by Pegasus™, are used by more than 7,300 member hotels in 140 countries, making Pegasus the hotel industry’s largest third-party marketing and reservations provider. Pegasus has 17 offices in 12 countries, including regional hubs in London, Scottsdale and Singapore. For more information, please visit www.pegs.com.
Public Relations Manager
Pegasus Solutions, Inc.
Campbell Centre I
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