Pegasus Solutions, Inc. (Nasdaq: PEGS) today announced it has finalized a
service renewal agreement with Beverly Hills, Calif.-based Hilton Hotels
Corporation for centralized management of travel agency commissions. Under
the agreement, approximately 2,000 U.S. Hilton hotels and resorts continue to
participate in Pegasus Commission Processing, the hotel industry's
leading travel agent commission processing service. The Pegasus
Commission Processing service was created in 1992 by Dallas-based
Pegasus Solutions, a leading provider of hotel industry transaction
processing and electronic commerce services.
Pegasus Commission Processing continues to handle the centralized
processing and consolidated payment of travel agency commissions
worldwide on behalf of Hilton Hotels Corporation's properties operating under the brands of
Hilton(R), Conrad(TM), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton
Inn & Suites(R), Harrison Conference Centers(R), Hilton Garden Inn(R) and
Homewood Suites(R) by Hilton. In addition, Pegasus provides Hilton with
customized reporting to assist with managing its valuable travel
agency relationships.
"We look forward to building on our successful track record with
Hilton. The stellar hotel giant's exclusive renewal with Pegasus
Commission Processing reinforces our role as hoteliers' preferred
choice in travel agent commission management," said Jeff
Bzdawka, senior vice president of Pegasus Financial Services.
Extracting information from Hilton Hotels Corporation's central
depository of hotel transactions, Pegasus collects monthly guest stay
information related to hotel bookings made by travel agencies that are
members of Pegasus Commission Processing. Pegasus consolidates
Hilton's member properties' hotel information and commission payments
with similar information and payments from other Pegasus participating
hotels. Pegasus then sends detailed reports and a consolidated
commission payment in the agency's choice of currency. Member travel
agencies are located in more than 200 countries.
"Many of our travel agency subscribers have told us they realize a
significant growth in commission revenue as a result of participating
in Pegasus Commission Processing," Bzdawka said. "In addition, our
average agency member significantly saves in costs due to a sizable
reduction in expenses associated with the typical manual, time-consuming methods for managing hotel
commissions."
Travel agencies can also elect to receive total automated commission
management through Pegasus' Electronic Reconciliation & Tracking
service, which experienced 42 percent growth in agency participation
in 2001. Pegasus also maintains highly responsive customer service
support for travel agencies, with more than 70 percent of queries
being serviced while agents are on the phone with Pegasus. With the
majority of travel agencies worldwide as subscribers and more than
32,000 hotel property members, Pegasus processes an average of $41
million in travel agent commissions per month on behalf of more than
100 hotel companies in 159 countries.
In addition to participating in Pegasus Commission Processing, Hilton
also uses Pegasus' central reservations system (CRS) RezView(R), and
is connected to Pegasus' Electronic Distribution Switch, which allows
Hilton to be booked in the Amadeus global distribution system and via
the Internet. Hilton's properties are included in Pegasus' Online
Distribution Database of more than 42,000 hotels. |
