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Pegasus’ Weekly Commission Processing Proving to be
Success Story for Hotels and Travel Agents
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Enhanced Service Also Includes Weekly Direct Deposits in 20 Countries
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DALLAS (August 8, 2005) — Four months after giving hoteliers the option to pay commissions to travel agents on a weekly basis, Pegasus Solutions, Inc. (Nasdaq: PEGS) today reports that a number of prominent hotel chains have made the transition.  Since the launch of the weekly option in late March, numerous chains have adopted the new system and are paying commissions to travel agents each week.  Dallas-based Pegasus Solutions is a global leader in providing technology and services to hotels and travel distributors.

Pegasus’ industry-leading commission processing service, used by 40,000 hotels worldwide and the top 10 travel agencies in the United States, processes an average of $40 million in hotel commissions each month. 

Pegasus’ agency customers include the majority of the world’s travel agencies in more than 200 countries.  Hotels that participate in Pegasus’ commission processing service can process commission payments in the frequency of their choice—ranging from weekly to monthly.  Member travel agencies are paid commissions on a weekly basis.  Pegasus  commission processing customers also receive detailed reports for easy reconciliation.

In addition to Utell by Pegasus™ member hotels, a number of hotel chains are now processing commissions on a weekly basis, including:

  • Marriott International
  • Hilton International
  • Omni Hotels
  • Jurys Doyle Hotels
  • Thistle Hotels
  • Fairmont Hotels & Resorts
  • KSL Resorts
  • Golden Tulip Hotels, Inns & Resorts
  • Kempinski Hotels
  • Loews Hotels
  • Malmaison
  • Rosewood Hotels & Resorts
Additionally, although not processing weekly, the following chains are now processing commissions more frequently than monthly:
  • Adams Mark Hotels and Resorts
  • Marc Resorts Hawaii
  • Mauna Kea Resort
  • Societe des Bains de Mer
  • Radisson Hotels and Resorts
“Pegasus’ new implementation of weekly commission payments not only improves the cash flow for travel agencies, it enhances our relationship with our most important distributors which ensures that virtually all travel agencies now receive their Marriott commissions weekly whether they receive their commissions through Pegasus or Marriott’s Central Travel Agent Commission system,” said Fred Miller, vice president for global sales, Marriott International.

As part of this initiative, Pegasus enhanced the benefits of agency membership by introducing new electronic deposit options for payments to travel agency customers in the following countries: 

  • Austria
  • Belgium
  • Canada
  • Denmark
  • Finland
  • France
  • Germany
  • Hong Kong
  • Italy
  • Netherlands
  • Norway
  • Singapore
  • Spain
  • Sweden
  • Switzerland
  • Thailand
  • United Kingdom
  • United States
This feature allows member travel agencies in these countries to significantly increase cash flow through weekly electronic deposits, while simultaneously reducing banking charges typically incurred in the redeeming of commission checks and drafts.

Bob Boles, executive vice president and chief operating officer for Pegasus, said:  “We are very pleased with the successful launch of weekly processing.  Our customers see the benefit of improving their relationships with the travel agent community.  With this transition complete, we look forward to seeing more chains using this enhanced service.”

More information about Pegasus’ financial services is available online at www.pegs.com.

About Pegasus
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 more than 60,000 hotel properties around the globe.  Pegasus’ services include central reservation systems, electronic distribution services, commission processing and payment services, and marketing representation services, including the consumer Web site, hotelbook.com.  The company’s representation services, including Utell by Pegasus™ and Unirez by Pegasus™, are used by nearly 7,000 member hotels in 140 countries, making Pegasus the hotel industry’s largest third-party marketing and reservations provider.  Pegasus has 18 offices in 13 countries, including regional hubs in London, Scottsdale and Singapore.  For more information, please visit www.pegs.com.


 
Contact:

Joy Jennings
+1 214 234-4615
joy.jennings@pegs.com
 

Also See: Pegasus Solutions Ending Property Management System Agreement with InterContinental Hotels Group; Pegasus Exiting Property Management System Business / June 2005
Pegasus Solutions Expands Presence in Asia-Pacific Region with Opening of a Beijing Office / June 2005
Wynn Las Vegas Selects Pegasus Solutions’ Electronic Distribution Services to Reach Consumers and Travel Agents / May 2005
Pegasus Solutions Adds 150 European Hotels to Representation Service / May 2005
Sol Meliá Selects PegsTour®, Service Grows as More Wholesalers Seek Automated Hotel Reservations through Pegasus Solutions / May 2005
Pegasus Solutions Enhances Global Reservations Service with Instant Confirmations of Utell by Pegasus Member Hotel Bookings / March 2005
2,200 Utell by Pegasus Member Hotels Slash Rates Through Worldwide GREATRATE Promotion;
Program Discounts Rates by as Much as 50 Percent at Prominent Independent Properties / March
 2005
Pegasus Solutions Expands Relationship with Caribbean Hotel Association / January 2005
Pegasus Solutions Renews Distribution Agreements With Marco Polo, Meritus, and Taj Hotel Chains / December 2004
Pegasus Solutions Expands Presence in China Through Electronic Hotel Distribution Agreement with Ctrip.com / December 2004
Pegasus Solutions Brings Electronic Hotel Booking Service to New Trans-Atlantic Customers / November 2004
DER Group Selects Pegasus Solutions’ Electronic Distribution Services to Launch New European Travel Web Site / November 2004
Pegasus Solutions Introduces Weekly Hotel Commission Processing for Travel Agents / November 2004
Pegasus Solutions Extends Hotel Commission Processing Contract with Hyatt Hotels & Resorts / October 2004
Asia’s Hard Rock Hotels Join Utell by Pegasus Portfolio for Global Marketing, Distribution and Representation Services / October 2004
Pegasus Solutions Expands Relationship with La Quinta via Commission Processing Services for Baymont Inns & Suites / September 2004
Pegasus Solutions Processing Travel Agent Commissions Worldwide for Hilton International / August 2004
Pegasus Solutions Speeds RFP Process for Utell by Pegasus Member Hotels Via Deployment of New Lanyon Technology / July 2004
Pegasus Solutions Providing Global Internet Distribution Services for Accor Hotels / June 2004
Pegasus Announces New Customers for PegsTour™ Service and New Agreements from Its Hotel Company Customers / June 2004
Pegasus Announces Plans for Newest Version of its NetBooker™ Booking Engine for Hotel and Travel Portal Web Sites / June 2004
Pegasus Solutions Providing Electronic Distribution Services to Seminole Hard Rock Hotel & Casino Properties in Florida; Automated Connectivity Delivers Real-time Reservations Via GDSs and the Internet / May 2004


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