Pegasus Solutions, Inc. (Nasdaq: PEGS) announced it has signed agreements with two more travel-related Web sites to provide online reservations capabilities and hotel commission collection.
Calgary, Canada-based WorldWeb.com and San Diego-based HotelLocators.com are now Powered by Pegasus. Dallas-based Pegasus Solutions is a leading provider of hotel industry transaction processing solutions and electronic commerce services.
WorldWeb Technologies Inc. (www.worldweb.com), which will be using Pegasus` XML interface, is a leading online information source for the Canadian tourism industry and features a WorldWeb Travel Guide(TM) for Canada, the United States and London, and will include online hotel booking capabilities for each of the three geographic areas. According to WorldWeb technologies, more than 600,000 visitors per month use these travel guides to plan both leisure and business trips, and consumers make more than 2,000 hotel reservations each month through the Web site. Site customers can choose from the 1,300 hotels in Canada, 25,000 hotels in the United States and 620 hotels in London that are in Pegasus` Online Distribution Database.
HotelLocators.com (www.hotellocators.com) is a hotel reservations service targeted to individual and group travelers on the West Coast of the United States. Pegasus is augmenting the existing hotel property content of HotelLocators.com, which will be adding all of Pegasus` 42,000 hotel customers to their site.
By offering online bookings, third-party sites such as WorldWeb.com and HotelLocators.com operate as online travel agencies, and in most cases, generate revenue through the commissions they receive from hotels that are booked on their Web sites. Sites such as these sign with Pegasus to power their sites as an alternative to building individual direct connections to individual hotels or as an alternative to using a global distribution system. Through one simple connection to Pegasus` Electronic Distribution system, these sites gain direct access to the central reservations systems of the more than 42,000 hotels in Pegasus` Online Distribution Database. As a result, the sites can often obtain access to better hotel rates and room descriptions. Pegasus` hotel customers are permitted to feature both content and images and the hotels are provided with online editing tools to ensure the property information is always up-to-date.
Both of the Web sites require access to different hotels in order to serve their respective audiences and geographic regions. The flexibility of Pegasus` technology and database allows third-party Web sites to select the specific hotels that they want to feature for online bookings capabilities.
The two Web sites also joined the Pegasus Commission Processing Service as a better method of collecting the commissions from the hotels booked on their respective sites. Pegasus Commission Processing collects actual guest stay information from participating hotels worldwide and processes the commissions on behalf of the Web sites and deposits one monthly, consolidated commission check in their currency of choice to their bank account. In addition, the Web sites receive detailed monthly reporting of their commission activities and gain access to Pegasus` customer service department, which can assist them in reconciling the monthly reports to actual guest stay information. Other online travel-related Web sites that use Pegasus Commission Processing include Travelocity.com, Expedia.com, Travelhero.com, Orbitz.com and Lowestfare.com.