China’s Ctrip.com Taps Pegasus’ Global Commission Processing

China’s Ctrip.com has tapped Pegasus Solutions for its Global Commission Processing.

One of the world’s largest online travel agencies (OTA) will utilize the financial service to consolidate commission payments from Pegasus’ member hotels globally.

Ctrip’s hotel reservation network includes more than 40,000 hotels worldwide, and is used by over 50 million registered users to book hotels each year. Promising more ease in the payout process, the agreement brings greater scale and connectivity to hotels doing business with Ctrip, according to Eva Huang, director overseas hotel partnerships for Ctrip.

“As one of the largest players in one of the largest markets in the world for outbound travel, hotels already have an incentive to do business with Ctrip,” said Huang. “In addition to giving them an audience of 50 million registered users, we can now alleviate any extra steps necessary by consolidating commission payments with Pegasus.”

Pegasus Global Commission Processing processes in excess of $500 million in commissions annually, serving more than 35,000 properties, as well as the majority of travel distributors in over 200 countries.

“By 2012, online travel bookings in China are expected to reach nearly $8 billion,”said Rachel Grier, vice president, business development ASPAC for Pegasus Solutions. “Hotels recognize this opportunity, but may face challenges of distribution and payment as remittance into RMB can be difficult. This agreement with Ctrip addresses both of these issues.”

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