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Pegasus Solutions to launch Enhanced Hotel Commission Processing for Travel Agents

Search ASIA Travel Tips .com 8 November 2004

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 todays 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, were confident that both hotels and agencies will benefit from this transition in 2005.

See other recent news from: Pegasus

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