InterContinental Hotels Group Expands Travel Agent Commission Processing with Pegasus Solutions.DALLAS -- InterContinental Hotels Group InterContinental Hotels Group (IHG) (LSE: IHG NYSE: IHG) is a multinational company which operates several hotel brands. The largest hotel company by number of rooms (556,000 as of March 2007 [1]), its headquarters are in Windsor just outside Greater London and PLC (IHG IHG Intercontinental Hotels Group IHG Iris Hypoplasia with Glaucoma ) has selected Pegasus Solutions, Inc. to perform commission processing on behalf of IHG's hotels to travel agents and distributors worldwide. IHG is the world's largest hotel group by number of rooms. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors. IHG is expanding its relationship with Pegasus for numerous reasons, including Pegasus' thousands of member agencies around the world. Mike Martin, senior vice president of Distribution Operations and Technology for IHG, said: "Pegasus impressed us with the strong relationships it has built with travel agencies. Pegasus consolidates payments to member agencies, which reduces the number of payments each agency receives, improving IHG's relationship with the agent community. IHG also benefits from Pegasus' agency-friendly services such as direct deposit and payments in many local currencies." Martin continued: "For our thousands of hotels around the world, we like Pegasus' Web-based TravelCom tool, which is very user-friendly for hoteliers to make updates regarding guest departures. This tool will help us improve the timeliness of commissions." John Davis, chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pegasus, commented: "IHG has trusted Pegasus with its commission-processing business, indicating the value it places on the vital role that travel agents play in hotel reservations. Service is a big aspect of what we do. Pegasus' network of offices provide travel agency support and are able to directly resolve nearly 80 percent of inquiries. It's that kind of detail that sets our service apart for hoteliers such as IHG." IHG also uses Pegasus' electronic distribution services. Pegasus' industry-leading commission-processing service is used by more than 40,000 hotels worldwide. The company processes an average of $40 million in hotel commissions each month. Its agency customers include the majority of the world's travel agencies in more than 200 countries. Hotels that participate in Pegasus' commission-processing service can process payments in the frequency of their choice -- ranging from weekly to monthly. Member travel agencies are paid commissions on a weekly basis, and customers receive detailed electronic reports for easy reconciliation. About IHG InterContinental Hotels Group PLC of the United Kingdom (LON LON Longitude LON League of Nations LON Local Operating Network LON Labyrinth of Nightmare (Yu-Gi-Oh cards) LON Launch on Need (International Space Station) LON London - All Airports :IHG, NYSE NYSE See: New York Stock Exchange :IHG (ADRs)) is the world's largest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, over 3,600 hotels and 537,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognized and respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne Plaza This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), Staybridge Suites Staybridge Suites is a brand name applied to hotels within the InterContinental Hotels Group. Staybridge Suites Staybridge Suites® is an innovative all-suite hotel brand designed to meet the needs of extended-stay guests. (R), Candlewood Suites Candlewood Suites is a brand name applied to hotels within the InterContinental Hotels Group. History The Candlewood Suites chain was started in 1995 by Jack Deboer, founder of the Residence Inn and co-founder of the Summerfield Suites chain. (R) and Hotel Indigo The newest member of the InterContinental Hotels Group family, Hotel Indigo, is promoted as being "the industry’s first branded boutique hotel experience." The concept includes a retail-inspired design concept with changes throughout the year to keep to hotel fresh, similar (TM), and also manages the world's largest hotel loyalty program, Priority Club(R) Rewards. InterContinental Hotels Group offers information and online reservations for all its hotel brands at www.ichotelsgroup.com and information for the Priority Club Rewards program at www.priorityclub.com. For the latest news from InterContinental Hotels Group, visit our online Press Office at www.ihgplc.com/media. About Pegasus Dallas-based Pegasus Solutions, Inc. 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 central reservation Noun Brit & NZ the strip that separates the two sides of a motorway or dual carriageway central reservation n (BRIT) (AUT) → mediana systems, electronic distribution services, commission processing and payment services, and marketing representation services, including the consumer Web site, www.hotelbook.com. The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by more than 7,000 member hotels in more than 130 countries, making Pegasus the hotel industry's largest third-party marketing and reservations provider. Pegasus has 17 offices in 12 countries, including regional hubs in London, Singapore and Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " . For more information, please visit www.pegs.com. |
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