POINT ROBERTS, Wash. - BudgetHotels.com, Inc., a leading provider of innovative Internet hotel reservations, today announced that the Company has entered an agreement with Pegasus Solutions, Inc., a leading provider of end-to-end reservation distribution solutions to the hotel industry worldwide, to provide visitors of the BudgetHotels.com with Web-based hotel information and reservations worldwide.
``This arrangement will allow BudgetHotels.com to take advantage of the large travel Internet booking service and quickly expand its sales and marketing efforts as well as strengthen long term growth and profitability for the Company,`` said William Marshall, CEO and president of BudgetHotels.com, Inc.
Marshall continued, ``Budget travel is by far the largest segment of the rapidly growing travel industry with estimated expenditures of over $750 billion. This new agreement is a unique opportunity for us to offer our customers more choices and destinations by using sophisticated reservations technology offered by Pegasus Solutions.``
Mr. Marshall concluded, “Given the growth in the online travel industry, the Company believes that in addition to upgrading its existing software and hardware, with this agreement with a major industry establishment like Pegasus, the Company can potentially increase the number of unique visitors per month to over 500,000 within one year, thereby potentially increasing sales from the Web sites and the profitability of the Company.``