have finalized a renewal agreement with Orbitz. Under the agreement, Pegasus continues to serve as the preferred online hotel reservation system for Orbitz, providing travelers with the ability to view detailed property information, rates and photos and to secure instant real-time reservations 24 hours a day at hotels worldwide.
“Orbitz is committed to offering consumers the broadest selection of hotel options, including retail and promotional rates. Thousands of hotels participate in our OrbitzSaver rate program, either directly with Orbitz or through our affiliate relationships,” said Kurt Weinsheimer, Orbitz vice president of Hotels. “Pegasus Solutions provides Orbitz with retail rates at more than 45,000 additional hotels worldwide. We are pleased to renew our arrangement with Pegasus, the preferred distributor of retail data and inventory for the hotel industry.”
“Orbitz’ renewal with Pegasus reiterates that the online travel and hotel sectors continue to recognize the need for an electronic distribution solution that effectively provides consumers with all the detailed hotel booking information they demand from online travel Web sites,” said John F. Davis III
, chairman, chief executive officer and president of Pegasus Solutions. “We’ve been impressed with Orbitz’ rapid growth in the hotel area and are pleased to claim Orbitz as one of our largest online distribution customers.”
Through its customers’ affiliates, thousands of Web sites are Powered by Pegasus TM, including travel sites such as Continental.com, ebookers, Expedia, Hotwire and Travelweb.com. Industry analyst Jupiter Research
estimates that online revenues specific to lodging will grow from $5 billion in 2001 to $14.8 billion in 20071.
Through Orbitz’ participation in the Pegasus Commission Processing service, Pegasus provides a fully automated solution for managing, reconciling and tracking Orbitz’ commission revenues from hotels worldwide. Pegasus operates the hotel industry’s leading travel agent commission processing service.
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