Pegasus Solutions has achieved the business milestone of handling hotel commission management for all of the top 10 largest U.S.-based travel agencies.
The success landmark was reached with Pegasus` newly inked agreement with St. Louis-based TQ3 Maritz Travel Solutions, ranked the 8th largest travel management company in the United States and one of the three owners of TQ3 Travel Solutions(1). With 2000 annual sales exceeding $1.6 billion, TQ3 Maritz has completely outsourced its hotel commission collection, processing and management to Pegasus Commission Processing, the hotel industry`s leading travel agent commission processing service. In addition to 100% of TQ3 Maritz` 268 locations participating in the Pegasus Commission Processing service, TQ3 Maritz has also adopted Pegasus` newly improved Electronic Reconciliation & Tracking service. Through these combined services, TQ3 Maritz gains an economic and totally automated solution for the management of its commissions from hotels worldwide.
As a result of this customer win, Pegasus now has all of the U.S.`s top 10 agencies using its Commission Processing Service. “It`s an honor and a delight to now be able to claim the 10 largest travel agencies in the U.S. as customers of Pegasus Commission Processing,” said Jeff Bzdawka, senior vice president of Pegasus Financial Services. “We are pleased to deliver a hotel commission management solution to TQ3 Maritz that offers optimal control, better analytical tools and the flexibility to customize the process in ways that make the most sense to Maritz. In addition, TQ3 Maritz is able to leverage Pegasus` position as the expert in the field, as well as our extensive relationships with most hotel brands worldwide. This distinction helps to ensure that commissions are collected, allocated, tracked and reported correctly.”
Other top 10 travel agencies that use Pegasus Commission Processing`s expanded Electronic Reconciliation & Tracking service include Carlson Wagonlit Travel, Rosenbluth International, Navigant International, Expedia Inc., and SatoTravel. Today, Pegasus processes in excess of $41 million in hotel commissions per month from more than 100 hotel companies in 159 countries. Twenty-three of the top 25 hotel brands worldwide(2) and 42 of the top 50 largest travel agencies in the United States(3) participate in the Pegasus Commission Processing service.
St. Louis-based TQ3 Maritz Travel Solutions is co-owner of TQ3 Travel Solutions, the global leader of innovative, end-to-end T&E Management Solutions. With annual sales in excess of $9 billion USD and 12,700 business professionals located throughout the world, TQ3 Travel Solutions brings together 1,300 locations in 53 countries to help national and multi-national clients maximize their T&E investment. 1 Travel Weekly, June 25, 2001, “Top 50 Travel Agencies” 2 Lodging Hospitality, August 2000, “Hotel Brand Report” 3 Travel Weekly, June 25, 2001, “Top 50 Travel Agencies”