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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
reservations.
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. About Passkey 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. |
Contact:
Nick Vance
Dahlia El Gazzar
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