KDS, a leading supplier of online travel management solutions, today announced an agreement with Pegasus Solutions, Inc., to provide Wave users with direct reservations access to Pegasus’ Online Distribution Database of more than 40,000 hotels. Pegasus Solutions is a leading provider of end-to-end reservation distribution solutions to the hotel industry worldwide.
Pegasus` customers comprise more than 100,000 travel agencies around the world, including nine of the 10 largest U.S.-based travel agencies; approximately 40,000 hotel properties around the globe and nine of the 10 largest hotel companies in the world based on total number of guest rooms; and hundreds of Web sites/services have their hotel reservations Powered by Pegasus?.
“Our goal is to provide clients with a tool that will help them slash costs through a better management of corporate travel processes,” said Yves Weisslberger, CEO of KDS. “Providing direct links to suppliers and switches streamlines users’ booking processes.”
KDS, a GDS and suppliers` independent company, provides advanced travel management solutions on an ASP basis. Wave Suite includes Wave Corporate for large companies and Wave Portal for small and medium companies and Internet companies.
In 2000, total worldwide revenues for the business travel skyrocketed to 420 billion euros. The market of online business travel is rapidly growing, already 21% of the companies interviewed in a recent American Express survey said their companies have implemented an online booking system while 44% said they will do so in the next three years.
“We are the mover and shaker of the travel industry forcing the older players to re-think their strategy,” said Weisselberger. “KDS is already leading the way in Europe and is poised for exponential growth abroad.”
By signing with Pegasus Solutions, KDS reinforces Wave`s leading position in the e-procurement and travel management solutions arena. The implementation of Pegasus’ online hotel booking engine into the Wave Suite will be available as of fall 2001.
Pegasus Solutions’ services include: reservation systems, the third-party marketing and reservation representation service Utell, electronic distribution services that connect more than 40,000 hotels to the Internet and to the GDSs, commission processing and payment services, and the consumer travel Web site www.travelweb.com.