Vendor Update

 

Vendor Name:

 Pegasus Solutions, Inc.
Dallas, TX

Report Date:

2006 / Fall
 

Detail:

Reaching new markets… Tapping into new revenue streams… Accessing new distribution channels… Utilizing emerging technologies for that competitive edge… Pegasus Solutions helps thousands of chains, independent hoteliers and travel distributors around the globe do all this… AND MORE.

In this industry two truths stand above all others: It’s all about the reservation and it’s all about the commission. The Pegasus portfolio of services is based on meeting those needs and it is certain that those services will be relevant to your business and will help to increase a hotel’s revenue or improve an agent’s commission.

Online Commerce Continues to Expand Globally
It wasn’t that long ago when a hotel could expect to see about four looks for every room booked. These looks were predominantly made by travel agents, and systems could easily handle that volume of looks each month. With the exponential growth of the Internet, travelers themselves began looking for available hotel rooms–searching again and again–before deciding to book. What was once a manageable four-to-one ratio, has in recent days spiked to 300,000-to-one or greater.

That kind of traffic can be a strain on any system, and when a hotel’s system is overloaded with “lookers” that means there is no room for “bookers”. Pegasus has launched an innovative solution, the Rate Availability Engine (RAVE), to address this need and ensure that its customers are represented across multiple distribution channels without having their CRS overwhelmed by the ever-increasing volume of shopping requests.

RAVE stores and maintains a property’s rate and availability data taking the additional processing burden generated by the GDS and online travel sites off the central reservation system. The hotel’s rate and availability information is updated within RAVE on an ongoing basis to ensure that the information is in sync with the hotel’s CRS. This process enables travel agents and online consumers to identify hotels that meet their travel needs more quickly and more efficiently, knowing that the information they see while shopping will not change as the booking process continues.

RAVE processed 78 million shopping transactions in January 2006 alone–alleviating the stress on hotel CRSs. The RAVE engine has been successfully implemented in properties including Preferred Hotels and Resorts, Golden Tulip Hotels and Meritus Hotels and Resorts.

Technology is an Enabler for Competitive Advantage
Technology can be an invaluable tool in your revenue-building arsenal. Here are a few examples worth considering:
•  Gain instant visibility to market conditions and protect lost revenue to competitors with the Pegasus RateChecker service–at a cost that’s 40 percent less on average than the competition.
•  Improve travel distributor loyalty with a commission payment service that has a significantly high industry average for paying commissions in a timely manner.
•  Increase customer loyalty while generating new revenue streams from the golf activities guests participate in with a solution from Pegasus and GolfSwitch.

To learn more about these and other revenue-generating Pegasus services, call 888.431.0700 or visit www.pegs.com.