Six Continents Renews Agreement with Pegasus

Pegasus Solutions, Inc. announced the signing of a two-year renewal agreement with
London-based Six Continents(R) hotels for continued centralized
processing of worldwide travel agency commissions. 

A customer since
1994, Six Continents`

3,200 hotels and resorts in nearly 100 countries
will continue to participate in Pegasus Commission Processing, one of
the hotel industry`s leading travel agent commission processing
services.  The Pegasus Commission Processing service was created in
1992 by Dallas-based Pegasus Solutions, a leading provider of hotel
industry transaction processing and electronic commerce services.


handles the consolidation and payment of commissions worldwide
to travel agent subscribers of Pegasus Commission Processing on behalf
of Six Continents` properties operating under the brands of Crowne
Plaza(R), Holiday Inn(R), Holiday Inn Select(R), Holiday Inn
SunSpree Resorts(R), Holiday Inn Express(R), Holiday Inn Garden
Court(SM), Holiday Inn Family Suites(SM) Resorts, Inter-Continental(R)
and Staybridge Suites(R) by Holiday Inn(R). 



“We are pleased to extend what has been a very successful relationship
with Six Continents hotels,” said Jeff Bzdawka, senior vice president
of Pegasus Financial Services.  “Six Continents has long advocated the
benefits of automated commission processing to its brands, and the
majority of its hotels are active participants in our commission
service.  The hotel company`s ongoing commitment demonstrates that
this service simultaneously reduces overhead costs while providing a
vehicle for friendly travel agency relations.” 


Six Continents is the latest in a string of major hotel chains to
renew travel agency commission processing agreements with Pegasus.  In
the past five months, Best Western, Hilton Hotels Corporation, and
Marriott International inked contract renewals, solidifying Pegasus`
position as one of the leading providers of hotel commission
processing services.

Each month Pegasus collects Six Continents` actual guest stay
information related to bookings made by travel agents and travel Web
sites that are members of Pegasus Commission Processing (formerly
HCC).  Pegasus consolidates all participating Six Continents
properties` information and commission payments with those of its
other commission processing hotel customers and sends detailed reports
and a consolidated commission payment in agencies` choice of currency
to Pegasus` member travel agencies.
Pegasus provides commission processing services to travel agencies in
more than 200 countries, including the 10 largest U.S.-based agencies.
By participating in Pegasus Commission Processing, most travel
agencies realize a significant growth in commission revenue, as well
as cost savings due to a sizable reduction in expenses associated with
typical manual methods for managing hotel commissions. 
Travel agencies can also elect to receive total automated commission
management through Pegasus` Electronic Reconciliation & Tracking
service.  Pegasus also maintains highly responsive customer service
support for travel agencies, with more than 70 percent of queries
being serviced and satisfactorily resolved while agents are on the
phone with Pegasus.  With the majority of travel agencies worldwide as
members and more than 35,000 participating hotel properties, Pegasus
processes an average of $41 million in travel agent commissions per
month on behalf of more than 110 hotel companies in 159 countries. 

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