Pegasus (NASDAQ:PEGS)
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Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today
that it has expanded its RateChecker(TM) service by adding a
RateChecker Group Manager module for use by hotel groups. Furthermore,
Pegasus now offers the RateChecker service to all of its hotel
customers, in addition to the Utell by Pegasus(TM) members who were
introduced to the service in March. Dallas-based Pegasus Solutions is
a global leader in providing technology and services to hotels and
travel distributors.
RateChecker gives hotels an online tool to track rates of
competing hotels. With a repeating stream of real-time competitive
information, hotel staff can instantly adjust rates on their available
rooms to drive bookings while maximizing profit. Now with the optional
RateChecker Group Manager module, hotel groups can corporately monitor
competing rates for each property in their organization.
Powered by the innovative Web-crawling technology of Electrobug,
RateChecker monitors competitors and Web sites selected by customers,
enabling hotels to compare pricing metrics. Hoteliers can also monitor
various advance booking rates, and contrast rates for differing
lengths of stay to ensure profitable everyday pricing. The Grand New
Delhi hotel and Vertice Hoteles are two customers that have
implemented the service.
"We have now had RateChecker for the last two months," said
Manfred Keiler, general manager of the Grand New Delhi hotel. "It was
indeed an eye opener when we received our first report. We had a
totally different picture of our market. As an independent hotel, it
becomes even more important to know the market, since our business is
often driven by the market wave. Rate Checker is helping us."
Susana Hernandez, commercial director of Vertice Hoteles in
Seville, Spain, said: "RateChecker has proved to be a great
time-saving tool. A simple 'click' gives us an insight into the sales
activities of our immediate competitors, and given the current
situation of the market, this is very important as it allows us to
plan our yield activities. RateChecker is particularly useful to
monitor changes in our competitors' rate strategy, which could have an
impact on our business."
Dennis Law, senior vice president of product management for
Pegasus, said: "We're expanding the RateChecker offering to provide a
higher class of service for our customers. The Group Manager module is
a significant, valuable addition because it provides our hotel group
customers the ability to analyze the pricing strategies of their
competitors at a corporate level and respond appropriately and
immediately. Currently, Pegasus offers three levels for the
RateChecker service, and with the addition of the Group Manager
module, we can more effectively meet the demands of the hotelier in
today's market and help them maximize their revenue potential."
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, 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. Pegasus has 18 offices in 13 countries,
including regional hubs in London, Scottsdale and Singapore. For more
information, please visit www.pegs.com.