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Pegasus
Solutions has signed a multi-year contract extension with Hyatt Hotels & Resorts. Under the agreement, Pegasus will
continue providing commission processing and electronic distribution services through June 2007 to Hyatt Hotels & Resorts in
the U.S.
“Pegasus has driven innovations in multiple hospitality industry services for 15 years, and we’re pleased to extend this mutually
beneficial relationship,” said Chris Elam, vice president of revenue management at Hyatt. “In particular, our participation in
Pegasus’ commission processing services continues to enhance our standing with travel agents, a critical component of Hyatt’s
everyday success.”
Pegasus’ ability to efficiently consolidate and distribute commission payments in 22 different currencies is critical for Hyatt as it
expands the marketing of its properties to more international travel agencies. With increased automated flexibility to handle
currency issues and payment schedules, Pegasus delivers timely agency payments on Hyatt’s behalf while minimizing
back-office paperwork.
Hyatt
has participated in the Pegasus commission processing service since its inception in 1992. The Pegasus service handles the
centralized processing and consolidated payment of commissions to Pegasus member travel agencies worldwide on behalf of all
Hyatt properties. As an added service to Hyatt, Pegasus is also processing commission payments to travel agencies that are not
members of Pegasus’ commission processing service.
Pegasus consolidates the Hyatt hotel information and commission payments with similar information and payments from other
Pegasus participating hotels, then sends detailed reports and a consolidated commission payment in the agency
member’s choice of currency.
“Hyatt has been a valuable client since Pegasus opened its doors,” said Bob Boles, executive vice president of sales and
marketing at Pegasus Solutions. “Their continued use of our electronic distribution and financial services validates our standing
as an industry leader in these categories. We look forward to Hyatt’s input as we enhance these mission critical services for
both large chain hotels and independent properties.”
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