Pegasus Systems Signs Lowestfare.com for Online Hotel
Reservations
Laptop Battery Dallas-based Pegasus Systems, Inc. (Nasdaq: PEGS) today
announced that Lowestfare.com is tapping Pegasus for private label,
real-time online hotel booking capabilities. Las Vegas-based
Lowestfare.com is scheduled to implement Pegasus online booking
engine in late April 2000. Pegasus Systems is a leading provider of
hotel industry transaction processing
solutions and electronic
commerce services and operates its own consumer Internet travel
reservations site: TravelWeb.com (http://www.travelweb.com).
iPost is joining with Pegasus Solutions to help Kimpton Hotel and Restaurant Group with customer service and marketing. selling. time user of Pegasus central reservation system (CRS). iPost has integrated its service directly with the Pegasus CRS, mails to the guest.
Thinkpad Lowestfare.com (http://lowestfare.com) offers travelers
discounts and value-added options in airline ticketing, car and
hotel reservations, cruises and tour programs. By using Pegasus
Private Label Reservations Service, Lowestfare.com will be able to
provide its users with real-time online hotel reservation
capabilities along with detailed property information and
photos.
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Microsoft Through Pegasus, Lowestfare.com will gain direct access to the
central reservations systems of more than 32,000 hotels, enabling
it to display real-time room availability and rate information. The
flexibility of the Pegasus Private Label Reservation Service allows
Lowestfare.com to display special, exclusive discounted rates that
it has negotiated with any of the hotels in the Pegasus online
distribution database.
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Laptop Computers Ken Swanton, chief executive officer of Lowestfare.com said,
Pegasus complements our existing travel reservation capabilities by
providing access to a significant hotel room inventory along with
advanced booking features such as detailed
search criteria, maps of hotel
locations and instant confirmations and online
cancellations.
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Laptop Computer We are pleased to add yet another travel Web site to our growing
online distribution network, said Pegasus Systems President and
Chief Executive Officer John F. Davis III. This agreement is a boon
for our hotel clients. Soon, the 32,000 hotels in our database will
be instantly available for booking on Lowestfare.com without ever
having to establish their own reservations connections to
Lowestfare.com. And, the hotels dont have to worry about manually
updating rates and information on the site. As a customer of
Pegasus, our hotel clients get global Internet exposure, and
instantaneously, sites like Lowestfare.com get reservations access
to tens of thousands of hotels around the world.
Use TravelWorm with confidence! Close Hotel reservations booked through TravelWorm.com are guaranteed to be the lowest rate you can find among any online travel service. Since individual hotel pricing varies, this guarantee does not include rates offered by individual hotel properties. If after booking your reservation with us you find a lower rate from one of our online competitors for the same hotel, dates, and room type at the same time of day you made your reservation with us, 8342 within 24 hours of booking and we will either refund you the difference or cancel the reservations without penalty. This guarantee only applies to prepaid hotel reservations. It does not apply to special events or holiday bookings.
Desktop Computer With direct connections via the Pegasus Electronic Distribution
system to hotels central reservations systems, Pegasus Private
Label Reservation Service provides Lowestfare.com similar hotel
reservation and confirmation capabilities available through Pegasus
consumer retail site, TravelWeb.com (http://www.travelweb.com). By
using Pegasus Private Label Reservation Service, Lowestfare.com can
give consumers the ability to efficiently shop, compare room rates
and query room availability at hotels in 180 countries, as well as
view hotel property photos, securely make reservations online and
receive a confirmation in seconds.
Notebooks More than 85 Web sites have contracted with Pegasus to have
their hotel reservations Powered by Pegasus, including Expedia.com
(http://www.expedia.com) (Nasdaq: EXPE), Hotel Reservations Network
(http://www.hoteldiscounts.com) (Nasdaq: ROOM), the Denver Metro
Convention & Visitors Bureau (http://www.denver.org) and Japans
Recruit Isize Travel (http://www.isize.com). During 1999, Pegasus
processed Internet hotel bookings representing an estimated $500
million in room revenues.
Lenovo According to estimates by research firm Jupiter Communications,
online travel bookings will grow to $16.6 billion by 2003, with
hotel reservations commanding almost 25 percent of all bookings.
According to Forrester Research, sales in the travel industry have
become the largest online retail category, with estimated online
transactions of $7.8 billion in 1999, growing to $32 billion in
2004.
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