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Pegasus
Solutions is to launch weekly commission payments from hotels to travel agents, planned for
the first quarter of 2005. Pegasus’ commission processing service, used by 35,000 hotels worldwide and the
some of the top 10 travel agencies in the U.S., processes an average of $40 million in hotel commissions each month.
Beginning in the first quarter of 2005, hotels that participate in Pegasus’ commission processing service will have the ability to
process commission payments in the frequency of their choice - ranging from a weekly to a monthly basis. Member travel
agencies are presently paid commissions on a monthly basis. Agencies that are members of Pegasus commission processing
also receive detailed reports for easy reconciliation.
“Pegasus’ implementation of weekly commission payments will enhance our relationship with our most important distributors,
travel agents,” said Fred Miller, vice president of global sales for Marriott International, Inc. “Marriott and Pegasus are equally
committed to ensuring that agents are paid commissions in a timely manner, and now Pegasus is raising the bar by facilitating a
more frequent process that benefits both hoteliers and travel agents.”
As part of this initiative, Pegasus is also enhancing the benefits of agency membership by introducing new electronic deposit
options for payments to member travel agency customers in approved countries. Currently, only U.S.-based agency members
use direct deposit. This feature will allow member travel agencies in the countries listed below to significantly increase cash flow
via weekly electronic deposits, while simultaneously reducing banking charges typically incurred in the redeeming of
commission checks and drafts.
- Austria
- Belgium
- Canada
- Denmark
- Finland
- France
- Germany
- Hong Kong
- Italy
- The Netherlands
- Norway
- The Philippines
- Singapore
- Spain
- Sweden
- Switzerland
- Taiwan
- Thailand
- United Kingdom
- United States
Bob Boles, executive vice president of sales and marketing for Pegasus, said: “Our team has been extremely diligent in making
sure that our service continues to meet the needs of both our hotel participants and agency members. The increasing
globalization of our customer base, coupled with today’s general expectation of immediate, electronic processes, drove us to
develop enhanced systems for the future. With our new infrastructure, proven financial processes, and the obvious benefit of
more efficient cash flow, we’re confident that both hotels and agencies will benefit from this transition in 2005.”
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