Pegasus (NASDAQ:PEGS)
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Kayak.com, the comprehensive travel search site,
announced today agreements with hotel information providers Pegasus
Solutions and Otedis. Through these deals, the companies will provide
real-time rates and availability on Kayak.com directly from the Web
sites of more than 10,000 hotels. These groundbreaking agreements mark
the first time a travel search engine has integrated results from
hotel information providers that enable thousands of hotels to appear
in travel search results.
"Our agreements with these leading providers reaffirm Kayak.com's
commitment to being the consumers' comprehensive source of travel
information," said Steve Hafner, Kayak.com CEO and co-founder. "Our
Kayak.com users will soon access rates and availability from thousands
of independent hotels, many of which are not found on other online
travel sites. Suppliers benefit from the qualified traffic Kayak.com
is known for which minimizes distribution cost and enables a
relationship with the consumer."
Hotels represented by Pegasus and Otedis have the option to
participate in Kayak.com search results. Hotels already participating
in Kayak.com as a result of these partnerships include Morgans Hotel
Group, Sutton Place, Kimpton Hotels, Le Meridien Hotels & Resorts,
Leading Hotels of the World, and online agencies Opodo and HotelBook.
"Pegasus Solutions has always been an innovator in hotel
distribution and marketing technology, and our agreement with
Kayak.com is another way that Pegasus increases our hotel customers'
distribution and exposure to a wide range of consumers," said Bob
Boles, chief operating officer of Pegasus Solutions. "Hotels today are
encouraging consumers to book directly on their Web sites. They're
eager to reach consumers who have embraced travel search, which
delivers qualified traffic and high conversion rates on a very
cost-effective basis. Our agreement with Kayak.com opens up a new
channel for our hotel customers, giving them easy exposure to millions
of visitors to Kayak.com."
Kayak's Commitment to displaying "Every Hotel on Earth"
Kayak.com's booking engine agreements are a key component of
Kayak.com's initiative to display "Every Hotel on Earth." The program
announced in October is a commitment to display all 300,000 hotels on
earth, from a power brand hotel in Times Square to a family-owned
guesthouse in Burgundy. In an industry-first, Kayak.com has created a
simple and efficient process that allows consumers and hoteliers to
add properties directly to Kayak.com. The 'Every Hotel on Earth'
program expedites the approval process for adding hotels to the
database. Since the October launch, Kayak.com has added more than
18,000 hotels and currently boasts more than 103,000 hotels in the
database.
About Kayak.com
Created by co-founders of Orbitz, Travelocity and Expedia,
Kayak.com is a comparison-shopping website that helps consumers make
informed decisions in their travel planning. The site, which launched
February 7, 2005, offers a comprehensive search engine that scours
over 100 online travel sites, providing prices and itineraries for
hundreds of airlines, over 103,000 hotels and all leading rental car
companies. Kayak.com displays more choices of available
itinerary/price combinations than any other travel site, and is the
first to integrate consumer and professional reviews and other
relevant travel information with real-time prices and availability.
Kayak.com's investors include Sequoia Capital, America Online, Inc.
and General Catalyst Partners. For more information, please visit
www.Kayak.com.
About Pegasus Solutions
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(TM). The company's representation
services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM),
are used by nearly 7,000 member hotels in 140 countries, making
Pegasus the hotel industry's largest third-party marketing and
reservations provider. For more information, please visit
www.pegs.com.
About Otedis
Initially created as an online catalogue for hotels in France,
Italy and Spain, Otedis is today a virtual hotel chain made of 4,000
hotels (2,000 using the real time reservation technology). Otedis
consist of three products: Otedis Webres (the real time/online booking
engine for web sites), Otedis Call Center (the electronic central
reservation system) and Otedis Switch (the electronic distribution of
hotel rooms on the Internet). Otedis is owned by Optims, an Amadeus
company and the European leader in Information Technology solutions
dedicated to the optimization of management methods and revenue in
Hospitality, Catering and Tourism. More information about Optims is
available at www.optims.com.