German Travel Web Site Hotel.de AG Connects to Pegasus Solutions for Online Hotel Reservations.

Business Editors

DALLAS & NURNBERG, Germany--(BUSINESS WIRE)--Sept. 12, 2002

hotel.de, a leading German Internet hotel reservation service, announced that its online hotel bookings are now being Powered by Pegasus(TM). The new booking capabilities allow hotel.de's online booking customers to choose from an additional 44,000 hotels worldwide, including established brands such as Best Western, Hilton, and Marriott. Pegasus Solutions (Nasdaq:PEGS), a leading provider of hotel industry transaction processing and electronic commerce services, has seven offices in Europe. The hotel.de account is being serviced out of Pegasus' London facility.

With implementation nearly finished and the new XML connection in place, hotel.de is transitioning from the TRUST booking system to Pegasus' online booking engine.

The agreement between hotel.de and Pegasus Solutions allows hotel.de visitors to select and book accommodations online by providing direct access to the central reservations systems of the hotels represented in Pegasus Solutions' Online Distribution Database. More than 40 percent of the hotels in Pegasus' database are located outside the United States, and more than 1,600 of the hotels are located in Germany.

Pegasus' database includes a wealth of information for travellers, enabling hotel.de customers to view detailed property information, rates and photos, and secure instant real-time reservations 24 hours a day at hotels worldwide. In addition to established brands, a host of premier independent and luxury properties are included, giving travel buyers a vast array of options when searching for hotels.

Other European Web sites that are Powered by Pegasus include United Kingdom-based ASE.net, All-hotels.com, Hotelnet.co.uk, LastMinute.com, HotelHub.net, Ebookers.com, Travelmall.com, Hotelzon, LateRooms.com, Direct-Hotels.co.uk, and Cologne, Germany-based HRS.de. Deutsche Bahn, Germany's National Rail Company, also signed with Pegasus Solutions to implement online hotel booking capabilities.

Industry Statistics

-- According to Jupiter MMXI, Germany is the second largest online travel market in Europe, with 5.1 million unique visitors in January 2002.

-- Jupiter MMXI estimates the European online travel market will be worth more than 20 billion EURO by 2006.

-- Investment company Bear Stearns predicts that the online booking of hotel rooms will grow to $15.5 billion in 2006 from $3.8 billion in 2000.

-- According to ComScore Media Metrix, sales of travel services, the largest e-commerce category, grew 32% in July 2002 compared to the same month last year, reaching a level of $2.9 billion.

Company Information

Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservation technologies. Its services include central reservations systems; electronic distribution services that connect more than 44,000 hotels to the Internet and to the global distribution systems (GDS); travel agent commission processing and payment services; the Utell marketing and reservation representation service (www.Utell.com); and PegasusCentral(TM), a Web-based enterprise solution with property management applications. Pegasus' customers comprise tens of thousands of travel agencies around the world, including the top 10 largest U.S.-based travel agencies(1); more than 48,000 hotel properties around the globe, including all of the 50 largest hotel brands in the world based on total number of guest rooms(2); and thousands of Web sites/services have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 20 offices in 11 countries, including regional hubs in Phoenix, London and Singapore. The company's stock is traded on the Nasdaq National Market under the symbol PEGS.

1 Travel Weekly, June 25, 2001, "Top 50 Travel Agencies"

2 Hotel Business, February 7, 2002, "The Top Hotel Brands" - ranked by total number of rooms (2001)