Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) today announced its Pegasus Commission Processing service experienced a banner first quarter, marked by the addition of 1,800 hotels to its consolidated commission service. Pegasus Solutions is a leading worldwide provider of hotel industry transaction processing and electronic commerce services, and Pegasus Commission Processing is the travel industry’s leading travel agent commission processing service.
“We are committed to broadening our mix of hotel participants worldwide, and our latest additions to our hotel roster reflect accommodations from well-known brands to quaint independent properties,” said Jeff Bzdawka, senior vice president of Pegasus Commission Processing. “By adding hotel companies with properties located around the world, we continue to aggressively expand our global hotel base, enhancing our offering to our travel agency customers.”
Pegasus recently began processing travel agent commissions for the following hotel companies:
á Copatel Hotels - operates luxurious properties in Paris
á Grange Hotels - offers a stunning collection of private, luxury hotels in central London
á K&K Hotel - operates first-class, medium-sized hotels in major European cities, such as Vienna, Munich, Budapest, London, Prague and Salzburg
á Movenpick Hotels - operates hotels in European, African, Middle and Far Eastern countries
á Thistle Hotels - one of the United Kingdom’s leading four-star hotel companies
In addition, Pegasus is scheduled to begin processing travel agent commissions later this year for the following hotel companies and hotel representation companies:
á Omni Hotels - offers a collection of luxury hotels and resorts throughout North America
á Red Roof Inns (NYSE: RRI) - one of the leading economy lodging chains in the United States; operates properties in 38 states and the District of Columbia
á Wyndham International, Inc. (NYSE: WYN) - offers upscale and luxury hotel and resort accommodations through proprietary lodging brands and a management services division; owns, leases, manages and franchises hotels in the United States, Canada, Mexico and the Caribbean and Europe
á Utell - is a service of Pegasus Solutions and is the hotel industry’s largest third-party marketing and reservations provider1; represents hotels in more than 180 countries, with member properties ranging from economy to deluxe, city center to resort, including major international brands, as well as independent hotels
Each month, Pegasus Commission Processing collects from participating hotels the actual guest stay information related to the bookings made by travel agents. After consolidating the information and commission payments from all of its hotel customers, Pegasus sends a single monthly payment to its member travel agencies worldwide. The more than 90,000 travel agency locations subscribing to Pegasus’ service also receive detailed reporting of actual guest stays, cancellations and “no shows” and can elect to receive total automated commission management through Pegasus’ reconciliation and tracking service.
Pegasus Commission Processing is a hotel commission processing service that Dallas-based Pegasus Solutions established in 1992. More than 90,000 travel agency locations in 207 countries, including eight of the top 10 U.S. travel agencies, rely on Pegasus for the collection, processing and consolidation of commission payments due them from hotels. In total, more than 90 hotel chains participate, representing more than 29,000 properties in more than 159 countries. Monthly, Pegasus processes more than $34 million in hotel commissions.