Integration of their Platforms
To Provide Industry the Most Robust Connectivity
for Online Group Reservations
|ATLANTA (November 30, 2006) — Passkey and Hotel Booking Solutions Incorporated
(HBSi) today announced their decision to tightly integrate their platforms
to provide the industry with the most robust connectivity for online group
Passkey, the travel industry's leading solution for online group reservations, provides all channels of the meeting industry with better, more efficient ways to plan and manage event hotel reservations and housing. HBSi's Demand ManagementTM solutions bring order and simplicity to the complex travel distribution environment by removing barriers between supply and demand, streamlining operations, and unlocking their customers’ full revenue potential.
Integration with Passkey represents a cornerstone of HBSi’s strategy to expand connectivity services for group reservations and group travel planners. The effort will enable hotel companies, convention bureaus, and other group management entities to utilize a robust, low-cost means to connect supply to distribution. A number of features and capabilities also become possible, including support for share reservations with separate arrival and departure dates for multiple occupants within a single room and separate payment methods for each guest. Furthermore, this integration provides the foundation for real-time synchronization of available rates and inventory.
“Our decision to pursue this integration effort satisfies the needs of the industry in a very meaningful manner,” said Larry Hall, HBSi CEO. “The industry needs richer, more robust capabilities from their technology partners that leverage the Internet and provide services at the lowest possible cost. HBSi and Passkey share a common vision to remain the industry leaders in our respective areas.”
The integration efforts will adhere to the OpenTravel Alliance (OTA) specifications. Passkey and HBSi vigorously support the OTA and its efforts to establish and expand the standards for the industry. “We’re delighted to see two great, leading-edge companies leverage the standards established by the OTA to bring expanded capabilities to the industry,” said Valyn Perini, OTA Executive Director.
HBSi’s clients include some of the world’s largest, most sophisticated hotel companies including InterContinental Hotels Group, Hyatt International, Wyndham Worldwide, and Harrah’s Entertainment. Their growing Demand Partner NetworkTM of nearly 50 quality distribution channels includes notable organizations such as Travelocity, Liberty Travel/GoGo, Groople, Group Travel Planet, and Tourico Holidays.
Passkey is the worldwide leader in online group reservations. The Boston-based technology company offers event planners and providers a powerful web-based application to optimize group reservations. The heart of the Passkey system is an innovative online booking engine that lets group attendees make and manage their hotel reservations online in the contracted group block, while allowing event planners and hotels to access real-time reports and information.
Offered as an on demand solution, Passkey delivers benchmark speed, security and scalability. The Passkey-enabled global network consists of over 85 percent of major U.S. Convention and Visitors Bureaus as well as thousands of hotels, trade associations, corporate meeting planners, and meeting management companies. Passkey investors include Lazard Technology Partners, TravelCLICK, and DRV Investments, LLC. For more information, visit www.passkey.com.
About Hotel Booking Solutions Incorporated
Hotel Booking Solutions Incorporated provides Demand ManagementSM technologies and services that bring order and simplicity to travel distribution, enabling travel companies to unlock their full revenue potential. HBSi most recently signed Fairmont, Harrah’s, Hyatt, IHG, InterContinental Hotels Group, Intrawest, Sandals and Wyndham Worldwide as new customers. For more information, visit www.hotelbookingsolutions.com.
|Also See:||Hyatt Renews Group Reservations Partnership with Passkey; Passkey's online group reservation system provides Hyatt critical efficiencies and competitive advantage / November 2006|
|Dave Lutz Named to Passkey Board of Directors / September 2006|
|The Breakers Palm Beach Implements Passkey's Online Group Reservation System / September 2006|
|Anaheim/Orange County VCB Partners With Passkey For Group Housing Management; Meeting Planners Gain Complete Control Over Entire Event Housing / June 2006|
|Portola Plaza Hotel Upgrades Its Group Business By Implementing Passkey / June 2006|
|Adam’s Mark Hotels Implements Passkey as its Online Group Reservation & Management System / June 2006|
|Bill Oates Named to Passkey Board of Directors / June 2006|
|Passkey Hires Top Hospitality Industry Professionals; Key Additions to Sales Team Broadens National Coverage / January 2006|
|The Scottsdale Plaza Resort Selects Passkey to Optimize Group Reservations for its Meeting Planners / November 2005|
|Passkey Names Steven Shapiro CFO & Senior VP of Operations / October 2005|
|Gaylord Hotels Initiates Company-Wide Deployment of Passkey’s Online Group Reservation Technology / July 2005|
|ACCOR North America Upgrades Its Meetings and Conference Business by Implementing Passkey / July 2005|
|Passkey Adds Las Vegas Hilton to Rapidly Growing Roster of Passkey-enabled Hotels / June 2005|
|Customer Focused Hotels Launch Passkey to Drive Group Business / April 2005|
|Hyatt Hotels & Resorts First Major Hotel Chain to Implement Passkey GroupLink SM; All Group Reservations automatically transferred to Hotel Reservation System / March 2005|
|Passkey Names Bob Orlando Chief Financial Officer / January 2005|
|Passkey Releases Automated Rooming List Management Product; New Functionality Eliminates Manual Keying of Room Lists for Passkey Users / December 2004|
|Hotels Accelerating Adoption of Advanced Technology Solutions to Manage Group Business; Passkey Empowers Hotels to Increase their Online Group Bookings / June 2004|
|Eight More Cities to Offer Passkey; Charlotte, Cincinnati, Hartford, Ontario, Richmond, Toronto, Washington D.C., and Wildwoods Join the Passkey-enabledSM Network / February 2004|
|Marriott To Offer Passkey Meeting Management Tool; Meeting Planners Receive Greater Control and Flexibility / October 2003|
|Passkey is Named MPI's Exclusive Digital Partner for Group Housing / March 2003|
|Passkey Appoints Chris Avery as New VP, Business Development / March 2003|
|Passkey Goes Global; Opens Office in Dublin, Lyon Convention and Visitors Bureau First European City to Become Passkey-enabled / Nov 2002|
|Boca Resorts, Inc., Selects Passkey to Further Serve Meeting and Event Planners / Oct 2002|
|Omni Hotels First to Implement Passkey Enterprise Solution Across Entire 40-Property Portfolio / Oct 2002|
|PGA of America Hits the Green With Passkey / Aug 2002|
|Nothing But BlueSkyz and Passkey / Sept 2002|
|Jay Ramadorai Joins Passkey as Senior Vice President & Chief Technology Officer / July 2002|
|Passkey Names Former Hotel Executives Paul Rantilla and Andrew Mace to Sales Positions / April 2002|