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Pegasus
Solutions has signed an electronic distribution agreement with Ctrip.com
International, a leading consolidator of hotel accommodations and airline tickets in China. Beginning in January 2005, Pegasus will provide Ctrip
with direct access to inventory at nearly 60,000 hotels worldwide, with negotiated rates from more than 1,000 Utell by Pegasus
member hotels. Ctrip will also have access to the PegsTour service - Pegasus’ new technology that automates wholesale and
tour operator bookings from leading hotel chains.
With approximately 2.5 million room nights booked by travelers in 2003, Ctrip is a leading consolidator of hotel accommodations
in the fast-growing Chinese travel industry.
Under this new arrangement, Ctrip will have access to live inventory, rates and images from hotels in Pegasus’ online
distribution database. Pegasus’ electronic distribution services provide the core functionality to search for and select a hotel
property in any given city, with an interface that allows for easy integration with air travel.
“With more Chinese business and leisure travelers booking hotel rooms online, it is important that we give our customers rich
hotel content quickly and efficiently,” said James Liang, chairman and chief executive officer of Ctrip. “Pegasus merges detailed
hotel information from hotels around the world with proven systems that can accommodate the growth we anticipate in the hotel
reservation business in 2005.”
PegsTour serves tour operators by automating key booking processes through an electronic interface that connects operators
to multiple hotel central reservation systems. The service assists distributors such as Ctrip by providing a single set of hotel
reservation messages that work with virtually any hotel chain. Through PegsTour, Ctrip has access to hotel system modification
rules, rates, allocations, tax rates and meal plans.
“Ctrip has demonstrated true leadership in growing online travel within China, and we’re pleased to help expand its hotel
business in 2005 and beyond,” said Bob Boles, executive vice president of sales and marketing for Pegasus Solutions. “Pegasus
is committed to providing distribution services to both hotels and travel distributors in the Asia-Pacific region. This significant
agreement with Ctrip signals our intention to play a prominent role in both traditional and online hotel distribution as travel
continues to increase throughout China.”
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