Pegasus Solutions, Inc.announced the signing of a multi-year contract extension with Hyatt
Hotels & Resorts.  Under the agreement, Pegasus will continue providing
commission processing and electronic distribution services through June
2007 to Hyatt Hotels & Resorts in the U.S.  Dallas-based Pegasus is a
leading worldwide provider of hotel reservations-related services and
technology.“Pegasus has driven innovations in multiple hospitality industry
services for 15 years, and we’re pleased to extend this mutually
beneficial relationship,” said Chris Elam, vice president of revenue
management at Hyatt.  “In particular, our participation in Pegasus’
commission processing services continues to enhance our standing with
travel agents, a critical component of Hyatt’s everyday success.” 
Pegasus’ ability to efficiently consolidate and distribute commission
payments in 22 different currencies is critical for Hyatt as it expands
the marketing of its properties to more international travel agencies.
With increased automated flexibility to handle currency issues and
payment schedules, Pegasus delivers timely agency payments on Hyatt’s
behalf while minimizing back-office paperwork.

Eight of the world’s top 10 hotel companies, including Hyatt,
participate in the Pegasus commission processing service.  Hyatt has
participated in the Pegasus commission processing service since its
inception in 1992.  The Pegasus service handles the centralized
processing and consolidated payment of commissions to Pegasus member
travel agencies worldwide on behalf of all Hyatt properties.  As an
added service to Hyatt, Pegasus is also processing commission payments
to travel agencies that are not members of Pegasus’ commission
processing service. 
More than 35,000 hotels worldwide participate in the Pegasus commission
processing service, enabling the efficient payment of hotel commissions
to Pegasus’ member travel agencies.  Pegasus counts the majority of the
world’s travel agencies in more than 200 countries among its subscribing
members.
Pegasus consolidates the Hyatt 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 member’s choice of currency. 
“Hyatt has been a valuable client since Pegasus opened its doors,” said
Bob Boles, executive vice president of sales and marketing at Pegasus
Solutions.  “Their continued use of our electronic distribution and
financial services validates our standing as an industry leader in these
categories. We look forward to Hyatt’s input as we enhance these mission
critical services for both large chain hotels and independent
properties.”
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