Pegasus Solutions to Power Online Hotel Bookings for European Corporate Travel Management System

Pegasus Solutions, Inc. today announced it has signed an agreement with Paris-based KDS to provide online hotel booking capabilities to KDS` corporate clients beginning in the third quarter of 2001.
KDS is a corporate travel management solutions provider and has offices in the United States, the United Kingdom and Germany. Dallas-based Pegasus Solutions is a leading provider of hotel industry transaction processing solutions and electronic commerce services.
KDS` Wave Suite of corporate travel management systems includes Wave Corporate for large companies and Wave Portal for smaller companies. These online travel management solutions enable subscribing companies to set and enforce corporate travel policies, create electronic approval systems and negotiate more effectively with travel suppliers, resulting in significant cost savings. KDS` Wave Suite will utilize Pegasus` hotel reservations technology to connect directly to hotels` central reservations systems.
By using Pegasus` Electronic Distribution technology, KDS clients will be able to access corporate negotiated rates at potentially more than 40,000 hotels. More than 40 percent of the hotels available through Pegasus are located outside of the United States and include chain hotels, luxurious five-star hotels and independent hotels. KDS` travel management system users will be able to check availability online, and bookings will be confirmed immediately without waiting for confirmation by e-mail. KDS` customers will also be able to view detailed property information, rates and photos, and secure instant real-time reservations 24 hours a day.
“Our goal is to provide our clients with a tool that will help them slash costs through better management of corporate travel processes,” said Yves Weisslberger, chief executive officer of KDS. “By signing with Pegasus, we will be able to provide a direct link to a variety of hotel suppliers.”
Gideon Dean, senior vice president of Pegasus Solutions` worldwide technology sales and account management, said, “A growing number of companies are turning to Web-based technology applications to help cut travel costs and enhance service to employees. We are thrilled to help KDS provide more hotel booking opportunities to its corporate clients. Under this agreement, both KDS` corporate customers and our hotel customers will benefit.”
Jupiter Research reports that by 2005, business travel sales generated on managed corporate booking systems are expected to grow to nearly $33 billion. The research firm PhoCusWright reports the European online travel market is expected to more than triple from an estimated $2.9 billion worth of bookings in 2000 to more than $10.9 billion in 2002.