| 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:
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Marriott International
-
Hilton International
-
Omni Hotels
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Jurys Doyle Hotels
-
Thistle Hotels
-
Fairmont Hotels & Resorts
-
KSL Resorts
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Golden Tulip Hotels, Inns & Resorts
-
Kempinski Hotels
-
Loews Hotels
-
Malmaison
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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
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Canada
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Denmark
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Finland
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France
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Germany
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Hong Kong
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Italy
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Netherlands
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Norway
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Singapore
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Spain
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Sweden
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Switzerland
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Thailand
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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. |
