Ian Schrager Hotels to Implement Pegasus` RezView

Solutions, Inc.
signed a central reservations services technology
agreement with New York-based Ian Schrager Hotels LLC. Under the
agreement, the hotel chain will begin using Pegasus` RezView(R) CRS
on an application service provider (ASP) basis to run all of its hotel
reservations operations early this fall. 
Caption: Ian Schrager
Chairman/CEO, Ian Schrager Hotels

Ian Schrager Hotels
will utilize a customized version of Pegasus`
RezView central reservations system (CRS), which Pegasus will host and
manage for the prestigious hotel chain from Pegasus` Phoenix data
center.  The sophisticated RezView CRS houses hotel data, including
rates and real-time available inventory, to support voice, Internet,
and global distribution systems (GDS) reservations processing.
Deployed on an ASP basis, the technology allows hotel companies of any
size to utilize leading reservation processing technology on a
per-transaction basis, freeing resources for other revenue-generating

Pegasus` RezView is the most widely used CRS in the hotel industry,
supporting more than 9,300 properties representing 60 brands and more
than 1.6 million guest rooms.  Nearly 45 million hotel reservations
were processed via RezView in 2001.  Processing RezView CRS bookings
at an average of 275,000 room nights per day, Pegasus` Phoenix data
center processes more hotel reservations transactions than any other
hotel company data center in the world.

“Pegasus technology is a key component of our plans to implement a
centralized revenue management strategy across our properties to
complement our continuing domestic and international growth,” said
Schrager, president and chief executive officer of Ian Schrager
Hotels.  “We also expect to utilize multiple RezView features as we
develop our unique frequent guest loyalty program.”

As a result of the direct connection between Ian Schrager Hotel`s
RezView CRS and the Pegasus Electronic Distribution System, room
inventory from each Ian Schrager Hotel property will be available for
booking on a real-time basis via GDSs and the thousands of Internet
sites in Pegasus` Online Distribution Network, including Orbitz,
Expedia.com, Travelweb.com, All-hotels.com, and Hotwire.  Pegasus`
Electronic Distribution System connects more than 44,000 hotels to the
Internet and GDSs.  In addition, Pegasus is providing technology to
“power” online hotel reservations for Ian Schrager Hotels at the
chain`s branded Web site, www.ianschragerhotels.com


Formerly a member of Pegasus` Utell representation service, Ian
Schrager Hotels will migrate from the Utell Unison CRS to RezView this
fall.  Ian Schrager Hotels represents an ideal example of how a hotel
company can leverage Pegasus` various applications and services as it
grows and alters marketplace strategies. 
“As Ian Schrager Hotel`s operational and reservations needs grew and
became more sophisticated in nature, and its management sought to
creatively link a loyalty program to its CRS, the company clearly
needed more customized CRS functionality to accomplish its
objectives,” said John F. Davis III
, chairman and chief executive
officer of Pegasus.  “By graduating from the Utell CRS to its own
customized RezView central reservation system, Ian Schrager Hotels
provides an excellent example of how hotel companies can evolve while
moving along the continuum of Pegasus services and technologies that
complement each stage on the growth curve.  We are pleased to take our
relationship with this celebrated company to the next level.”

Designed for reservation sales, RezView provides properties with
superior performance and flexible functionality via a
Windows(R)-based user interface, giving hotel company management
Web-based access for rate and inventory management over the Internet
or a network.  RezView also interfaces with key industry property
management systems (PMS), revenue management systems (RMS), and
loyalty program systems (LPS).

Ian Schrager Hotels owns and
operates 12 properties in London, Los Angeles, Miami, New York, and
San Francisco.  Dallas-based Pegasus Solutions is a leading provider
of hotel industry transaction processing solutions and electronic
commerce services.
Related stories on ITN:

(13/09/2002) German Travel Web Site Hotel.de AG Connects to Pegasus

(23/08/2002) Pegasus Celebrates Commitment to Travel Agents

(31/07/2002) Pegasus Solutions` Second Quarter 2002 Results Exceed Expectations.