Pegasus Solutions Expands Presence in China Through Electronic Hotel Distribution Agreement with Ctrip.com
Nearly 60,000 Hotels Connected to Prominent Chinese Web site
Through Pegasus’ Distribution Services
DALLAS and SHANGHAI (December 1, 2004) - Pegasus Solutions, Inc. (Nasdaq: PEGS) announced the signing of a landmark electronic distribution agreement with Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading consolidator of hotel accommodations and airline tickets in China.  Beginning in January 2005, Pegasus will provide Ctrip with direct access to inventory at nearly 60,000 hotels worldwide, with negotiated rates from more than 1,000 Utell by Pegasus member hotels.  Ctrip will also have access to the PegsTour service - Pegasus’ new technology that automates wholesale and tour operator bookings from leading hotel chains.

With approximately 2.5 million room nights booked by travelers in 2003, Ctrip is a leading consolidator of hotel accommodations in the fast-growing Chinese travel industry.  The company has experienced substantial growth in recent years, becoming one of the best-known travel brands in China.  Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors.

Under this new arrangement, Ctrip will have access to live inventory, rates and images from hotels in Pegasus’ online distribution database.   Pegasus’ electronic distribution services provide the core functionality to search for and select a hotel property in any given city, with an interface that allows for easy integration with air travel - an important feature for Ctrip since the company is also a leading consolidator of airline tickets in China.

“With more Chinese business and leisure travelers booking hotel rooms online, it is important that we give our customers rich hotel content quickly and efficiently,” said James Liang, chairman and chief executive officer of Ctrip.  “Pegasus merges detailed hotel information from hotels around the world with proven systems that can accommodate the growth we anticipate in the hotel reservation business in 2005.” 

PegsTour serves tour operators by automating key booking processes through an electronic interface that connects operators to multiple hotel central reservation systems. The service assists distributors such as Ctrip by providing a single set of hotel reservation messages that work with virtually any hotel chain.  Through PegsTour, Ctrip has access to hotel system modification rules, rates, allocations, tax rates and meal plans.

“Ctrip has demonstrated true leadership in growing online travel within China, and we’re pleased to help expand its hotel business in 2005 and beyond,” said Bob Boles, executive vice president of sales and marketing for Pegasus Solutions.  “Pegasus is committed to providing distribution services to both hotels and travel distributors in the Asia-Pacific region.  This significant agreement with Ctrip signals our intention to play a prominent role in both traditional and online hotel distribution as travel continues to increase throughout China.”

About Ctrip.com
Shanghai-based Ctrip.com International Ltd. is a leading consolidator of hotel accommodations and airline tickets in China. The company aggregates information on hotels and flights and enable customers to make informed and cost-effective hotel and flight bookings. It acts as agent in substantially all of its transactions. The company has experienced substantial growth since its inception in 1999, becoming one of the best-known travel brands in China. It is a leading consolidator of hotel accommodations in China in terms of the number of room nights booked. The company is also a leading consolidator of airline tickets in terms of number of airline tickets booked and sold. The company has a centralized reservation system and ticket fulfillment infrastructure covering substantially all of the economically prosperous regions of China.  For more information, visit www.ctrip.com.

About Pegasus Solutions
Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) 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 nearly 60,000 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 nearly 8,000 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.

Some statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 


Michael Brophy
Public Relations Manager
Pegasus Solutions, Inc.
Campbell Centre I
8350 North Central Expressway
Suite 1900
Dallas, Texas 75206
Phone:  214-234-4400

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