PEGS Pegasus Solutions (MM)

Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today a number of improvements to its central reservation systems (CRSs) to help customers better manage rates and inventory. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors. The new version of the RezView(R) CRS includes a major re-design of the way inventory and availability are displayed with easy-to-use tools including color-coded calendars and an integrated view of inventory and rates. The new version also includes single-screen management that provides "at-a-glance" summaries of room availability and inventory controls such as closed-to-arrival markers or length-of-stay settings. The improvements will allow hoteliers to set up unique views by chain, property or individual user; to configure calendar views to match business or functional needs; and to customize the views to provide as much or as little detail as they need. "The flexible displays complement RezView's sophisticated inventory, rate and revenue management capabilities and, in combination with automated data management services, give hotels complete control over their revenue and distribution strategies," explained Dennis Law, senior vice president of product management and strategy at Pegasus. "Alongside the new availability displays, hoteliers will have a tool which makes it easy to update rates across multiple rate plans in just one step," Law noted. "These improvements mark the first stage in a planned overall revision of RezView's rate management capabilities." Pegasus also announced improvements to its HotelFactory(TM) CRS, which include a new look that allows users to display all pertinent information on one screen without having to scroll down. The improvements will also allow hotels using HotelFactory to make their rates and inventory available to travel agents via the "next generation seamless" (NGS) technology being implemented by the GDSs and to display total pricing -- including taxes, fees and service charges -- when potential customers inquire about property's availability. "These new features, which are also available in the RezView CRS, are yet another step in Pegasus' announced plans to give hoteliers a complete, real-time, end-to-end solution for the management and distribution of rates from creation to sale," said Law. "HotelFactory continues to maintain outstanding performance levels generating 2.6 million transaction messages per day with an average response time of 0.17 seconds and an up-time of 99.98%, even after the addition of several major enhancements to the system such as rates-off-rates, taxes & fees and NGS technology." Hoteliers can learn more about Pegasus' reservation services during ITB. Pegasus is exhibiting in hall 8.1, stand 111. About Pegasus Dallas-based Pegasus Solutions, Inc. (Nasdaq:PEGS) is a global leader in providing technology and services to hotels and travel distributors. Founded in 1989, Pegasus' customers include a majority of the world's travel agencies and more than 60,000 hotel properties around the globe. Pegasus' services include central reservation systems, electronic distribution services, commission processing and payment services, and marketing representation services, including the consumer Web site, www.hotelbook.com. The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by more than 7,000 member hotels in 140 countries, making Pegasus the hotel industry's largest third-party marketing and reservations provider. Pegasus has 18 offices in 13 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com.