Pegasus Solutions continues to increase its penetration into the Asia Pacific travel market through new or expanded relationships with 11 leading travel agencies and related organizations, increasing membership in Pegasus Commission Processing by more than 900 locations in the Asia Pacific region over the past six months.
Pegasus Commission Processing, which is the hotel industry`s leading travel agent commission processing service, provides travel agency members around the world with a consolidated single commission payment in their choice of currency from participating hotels each month. Pegasus also offers Electronic Reconciliation & Tracking, an innovative service that works in tandem with the basic Pegasus Commission Processing service and equips travel agencies anywhere in the world with a totally automated solution for the management of hotel commissions. Travel agencies and related organizations within the Asia Pacific region that have recently initiated or expanded their relationship with Pegasus for commission processing services include:
* Axess International
* Carlson Wagonlit Travel Australia
* Flight Centre
* H.I.S. Co., Ltd.
* Harvey World Travel
* M.O. Air System
* Swire Travel
* Yusen Travel
One of the leading travel and expense management companies in the world, Carlson Wagonlit Travel in Australia is one of the agencies in the Asia Pacific region to sign with Pegasus Commission Processing and to also opt to use Pegasus` expanded service, Electronic Reconciliation & Tracking.
Swire Travel in China, Hong Kong and Taiwan also recently adopted Pegasus` Electronic Reconciliation & Tracking service. Agencies subscribing to this enhanced service gain the ability to analyze hotel receivables, monitor hotel payment trends, and more effectively receipt and report hotel commissions in accordance with corporate account agreements. Pegasus also assists in obtaining outstanding commission payments on agencies` behalf.
The number of agencies enrolled in the Electronic Reconciliation & Tracking service increased by 42 percent this year.
Another new Pegasus Commission Processing customer, Tokyo-based H.I.S. Co., Ltd. has 172 locations and is one of the largest travel agencies in Japan. “The global applicability of our Commission Processing service has been the key to our success in the Asia Pacific region. Significant interest is originating from the large Asia Pacific corporate travel companies looking to offset decreasing airline commission revenue and secure additional commissions from slow paying hotels. In addition, we provide a way for travel agencies to gain access to better and timelier information to assist with their own customer service,“said Jeff Bzdawka, senior vice president of Pegasus Financial Services.“We are ahead of our growth goals for the Asia Pacific region and foresee continued adoption of our value-added services by agencies in the region.”
With the majority of travel agencies worldwide as subscribers and more than 32,000 hotel property members, Pegasus processes an average of $41 million in travel agent commissions per month on behalf of more than 100 hotel companies in 159 countries.