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Agreement signed between Pegasus Solutions and Hotel Solutions
Pegasus Solutions, Inc. has signed an agreement with Hotel Solutions, LLC, a subsidiary of The Corporate Solutions Group, to provide Pegasus Commission Processing Services for recovery of millions of dollars of commissionable revenues to the corporate travel market. The agreement allows Hotel Solutions to integrate its service offering with Pegasus’ to achieve a robust data feed that allows easy identification and collection of commissionable items like room rates, taxes and other “level two” data, putting the money back into the corporate travel department’s budget. With the continued industry-wide tightening in corporate travel, Robert Langsfeld chief executive officer of Hotel Solutions said the deal delivers for the corporate travel buyer.

“Hotel Solutions consistently realizes returns of 15 to more than 100 percent of commissions due to the corporations we work with,” Langsfeld said. “Now, with the reliability of Pegasus’ leading commission processing services, we’re better poised to meet the demands of our customers through increased service and oversight, enabling us to boost and maximize the financial return for our corporate clients.”

The contract and its timing illuminate the value of Pegasus services in the corporate travel space, according to Monica French, vice president of business development, Pegasus Financial Services.

“The agreement with Hotel Solutions allows us to further establish our service, already the proven favorite of travel agents, with the same quality and consistency enjoyed by travel agencies directly to the corporate travel departments,” said French. “This gives more companies the opportunity to break through to their deserved commissions, reduce operating costs and gain greater control over travel budgets - a must in today’s economic environment.”

Pegasus Commission Processing streamlines commission payments for hotels and suppliers, and facilitates collections for travel agents. Processing in excess of $500 million in commissions each year, Pegasus delivers agents regularly scheduled, consolidated payments in their preferred currency. The company provides commission services to more than 35,000 properties, as well as the majority of the world’s travel agencies and travel distributors in more than 200 countries. Vicky Karantzavelou - Friday, January 23, 2009