Pegasus Solutions Named ``Vendor of the Year'' by GrandStay Hospitality.DALLAS -- Pegasus Solutions, Inc. (Nasdaq:PEGS) was honored by GrandStay Hospitality, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , as the hotel company's 2004 "Vendor of the Year." Pegasus, which provides electronic distribution and voice reservation services to the growing U.S.-based hotel group, accepted the award at GrandStay's recent annual conference for general managers and franchisees. Dallas-based Pegasus Solutions is a global leader in providing technology and services to hotels and travel distributors. GrandStay Hospitality is a small but fast growing hotel company. Featuring mid-scale extended stay properties, GrandStay is franchised in all 50 states. The company operates five hotels in Minnesota and Wisconsin, with projects under development in California, Iowa, and Minnesota. GrandStay's headquarters are located in St. Augusta, Minn. GrandStay increased its visibility among travel agents and Web-surfing travelers through Pegasus' world-class electronic distribution architecture, reaching Internet channels and the four major global distribution systems (GDSs). After implementation of the Unirez by Pegasus(TM) hotel representation service, GrandStay more than doubled quarterly revenues from electronic bookings over the course of 2004. Travel agents use the well-known UZ GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards code to book any of the nearly 4,000 hotels participating in the Unirez by Pegasus service. "At almost every level, Pegasus has outperformed our expectations," said Rodney Lindquist, chief executive officer of GrandStay Hospitality. "With our plans to increase the number of GrandStay hotels in as many as 11 states over the next two years, Pegasus' ability to almost instantly add properties to multiple distribution channels is a critical component of our growth strategy. We're looking forward to an even more successful year in 2005." GrandStay elected to add Pegasus' private label voice reservation services in September 2004. Preliminary fourth quarter results indicate that GrandStay's revenues from voice bookings will increase by nearly 20 percent over third quarter figures. "GrandStay Hospitality is an excellent example of a small hotel group exploring and implementing Pegasus services to increase visibility and revenues," said Bob Boles, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Pegasus Solutions. "Small to medium-sized hotel groups are in the best position to benefit from the array of integrated distribution, financial and reservation services only Pegasus can offer. We're honored to receive this award from GrandStay, and we look forward to helping them execute their expansion plans in 2005 and beyond." Company Information GrandStay Hospitality LLC combines all the comforts of home with the services of a grand hotel, specializing in taking care of the needs of guests requiring extended-stay accommodations. GrandStay has properties today in Mankato and St. Cloud, Minnesota St. Cloud (IPA: /ˌseɪntˈklaʊd/) is a city in the U.S. state of Minnesota and the major population center in the state's central region. As of the 2000 census, the city had a total population of 59,107. , and Eau Claire Eau Claire (ō klâr), city (1990 pop. 56,856), seat of Eau Claire co., W central Wis., on the Chippewa at the mouth of the Eau Claire River, in a hilly lake region; inc. 1872. , Lacrosse lacrosse (ləkrôs`), ball and goal game usually played outdoors by two teams of 10 players each on a field 60 to 70 yd (54.86 to 64.01 m) wide by 110 yd (100.58 m) long. Two goals face each other 80 yd (73. , and Madison, Wisconsin Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. It is also home to the University of Wisconsin–Madison. The 2006 population estimate of Madison was 223,389, making it the second largest city in Wisconsin, after Milwaukee, and . GrandStay has properties under development in Ames, Iowa Ames is a city located in the central part of the U.S. state of Iowa, about 30 miles north of Des Moines in Story County. It is the principal city of the 'Ames, Iowa Metropolitan Statistical Area' which encompasses all of Story County, Iowa and which, when combined with the , Lancaster and Oxnard, California Oxnard is the largest city in Ventura County, California in terms of population. It is located at the western edge of the fertile Oxnard Plain, and is one of the world's most important agricultural centers, with its distinction as the strawberry and lima bean capital. and in Apple Valley, Minnesota Apple Valley is a city located in northwestern Dakota County in the U.S. state of Minnesota, and a suburb of the Twin Cities. It was incorporated in 1969, and was known before then as Lebanon Township. . For more information, visit the GrandStay Hospitality Web site at www.grandstay.net. 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 nearly 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, property management systems, and marketing representation services. The company's representation services, including Utell by Pegasus(TM) and Unirez by Pegasus(TM), are used by nearly 8,000 member hotels in 140 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, Scottsdale and Singapore. For more information, please visit www.pegs.com. |
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