DALLAS (August 23, 2004) - Pegasus Solutions, Inc. (Nasdaq: PEGS) announced the signing of a contract with Hilton International (HI) to provide hotel commission processing services through 2006. Under the agreement, the 400 hotels operated by Hilton International can participate in the Pegasus commission processing service, the hotel industry’s leading travel agent commission processing service. Dallas based Pegasus is a leading worldwide provider of hotel reservations-related services and technology.
The new agreement gives HI hotels increased flexibility, particularly with currency issues and payment schedules that are now conveniently automated via the Pegasus service. Pegasus’ ability to efficiently consolidate and distribute commission payments in 22 different currencies enhances HI’s relationship with the global travel agent community.
Eight of the world’s top 10 hotel companies, including Hilton International, participate in the Pegasus commission processing service. The Pegasus service handles the centralized processing and consolidated payment of commissions to Pegasus member travel agencies worldwide on behalf of the majority of HI properties, soon to include the mid-market Scandic-branded hotels in the Nordic region.
“We needed a company with a global presence to reach our goal of streamlining the process of paying hotel commissions,” said Chris Vukelich, Vice President of Distribution Sales and Operations for Hilton International. “We anticipate that Pegasus’ outstanding relationships with agencies around the world, along with proven consolidation services in the commission arena, will save time for us while ensuring agents are paid in a timely manner.”
More than 35,000 hotels worldwide participate in the Pegasus commission processing service, enabling the efficient payment of hotel commissions to Pegasus’ member travel agencies. Pegasus counts the majority of the world’s travel agencies in more than 200 countries among its subscribing members.
Using information extracted from HI’s property management system, Pegasus consolidates monthly guest stay information related to hotel bookings made by travel agencies . By using checkout data directly from HI’s property management system, Pegasus drastically reduces the need for HI’s back-office staff to manually make commission payments.
Pegasus consolidates the HI hotel information and commission payments with similar information and payments from other Pegasus participating hotels. Pegasus then sends detailed reports and a consolidated commission payment in the agency’s choice of currency.
“This agreement with Hilton International solidifies Pegasus’ position as the leading provider of global commission processing services,” said Bob Boles, Executive Vice President of Sales and Marketing for Pegasus Solutions. He added: “Pegasus is committed to improving hotel relationships with travel agents via enhanced technology and business processes that speed payment of hotel commissions. We look forward to Hilton International’s input as we refine and replicate efficient commission processing services to serve our worldwide clientele.”
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