CHICAGO, (October 21, 2002) - Ray Cohen, president and co-CEO of TravelCLICK, Inc., the leading provider of data solutions to the travel industry, today announced that the company has signed an agreement with Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) to launch a new service: �Internet Hotelligence.� This new report will aggregate Internet reservations data to provide individual hotel properties with competitive aggregated booking performance, distribution, and revenue management information from Web-based channels.

Processing tens of thousands of Internet bookings per day, it�s estimated that Pegasus is the largest processor of hotel Internet reservations in the world. When completed in early 2003, this new Internet Hotelligence report is expected to be the most comprehensive competitive benchmarking tool available to the hotel industry for assessing and managing performance in the $5.5 billion Internet hotel booking marketplace. Under the agreement, TravelCLICK will be responsible for marketing and distributing the new product throughout the global hotel industry.

TravelCLICK�s current Hotelligence report provides hotels with aggregated competitive information on electronic bookings via 450,000 travel agent terminals worldwide through the Galileo, Sabre, Worldspan, and Amadeus GDSs.  It also provides information on a number of Internet sites that are powered by the GDSs.  The new Internet Hotelligence will offer more robust data from many more Internet booking sources, taking advantage of Pegasus� unparalleled direct access to thousands of Internet travel sites that are today �Powered by Pegasus�.� As a leader in this area, Pegasus provides the thousands of sites in its Online Distribution Network with direct Internet booking connections to more than 44,000 properties around the world, delivering comprehensive hotel property information and online real-time hotel reservations capabilities.

�Our hotel clients have been eagerly awaiting the expansion of our popular Hotelligence with comprehensive Internet reservations data to complement the comprehensive GDS information that TravelCLICK already provides,� said Cohen. �It�s no secret that Pegasus powers a very significant percentage of Internet hotel bookings around the world, which makes Pegasus the best single source of aggregated Internet booking information available anywhere.  The real news here for hoteliers is that Internet Hotelligence will allow them to better understand the booking performance of individual Web sites and travel portals for themselves and for their local competitors.  That can only lead to improved decision-making for maximizing revenue from all electronic channels,� continued Cohen.

�By  teaming with Pegasus, TravelCLICK is leveraging our position in the hotel industry as one of the best sources for Internet distribution data.  We are pleased to be working with TravelCLICK to create what we believe will be the most comprehensive information resource on Internet hotel reservations available to hoteliers,� said Kevin Short, senior vice president, Pegasus Solutions. �With the continuing growth in Internet hotel bookings worldwide, this service will be a critical tool for hotel revenue management and marketing experts as they endeavor to enhance their distribution channel management.�

About TravelCLICK
TravelCLICK (www.travelclick.net) is the leading provider of solutions that help hotels and other travel industry suppliers improve revenue from electronic distribution channels.  The company's competitive benchmarking reports provide hotels with price and booking performance information unavailable through any other source.  TravelCLICK's exclusive electronic marketing networks allow hotels and other travel related suppliers to target promotional messages to specific travel agents, consumers, and group meeting planners when they are booking travel.  Established in 1996 and headquartered in the Chicago area, TravelCLICK operates in more than 140 countries around the world.  The company has over 6,500 clients, including national and international companies such as Accor, Air France, Avis, Best Western International, British Airways, Choice Hotels, Fairmont Hotels & Resorts, Four Seasons Hotels & Resorts, Grupo Posadas, Hilton Hotels Corporation, Hyatt Hotels & Resorts, Kempinski Hotels & Resorts, Leading Hotels of the World, Loews Hotels, Lufthansa, Marriott International, The Peninsula Group, Radisson, The Ritz-Carlton Hotel Company, SAS, The Savoy Group, Shangri-La Hotels, Sol Melia, Starwood Hotels & Resorts, Thistle Hotels, USAirways, Virgin Atlantic and Wyndham Hotels & Resorts.

About Pegasus Solutions, Inc.
Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservation technologies.  Its services include central reservations systems (CRS); electronic distribution services that connect more than 44,000 hotels to the Internet and to the global distribution systems (GDS); travel agent commission processing and payment services; the Utell marketing and reservation representation service (www.Utell.com); and PegasusCentralTM, a Web-based enterprise solution with property management applications.  Pegasus' customers comprise tens of thousands of travel agencies around the world, including the top 10 largest U.S.-based travel agencies1; more than 48,000 hotel properties around the globe, including all of the 50 largest hotel brands in the world based on total number of guest rooms2; and thousands of Web sites/services have their hotel reservations Powered by Pegasus�.  In addition to its corporate headquarters in Dallas, Pegasus has 20 offices in 11 countries, including regional hubs in Phoenix, London and Singapore.  The company's stock is traded on the Nasdaq National Market under the symbol PEGS.