Pegasus Solutions Tapped by Orient-Express Hotels for Reservation System, Distribution and Voice Services.

Business Editors/Travel Writers/High-Tech Writers

DALLAS & HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 8, 2003

Pegasus Technology Supports Orient-Express' Move to Take Brand

In-House and Boost Identity

Pegasus Solutions, Inc. (Nasdaq:PEGS) and Orient-Express Hotels (NYSE:OEH) today announced that Orient-Express has selected Pegasus for several services including the RezView(R) central reservations service, the Online Distribution Database and Network, the Electronic Distribution switch and private-label voice services. Orient-Express Hotels is the owner/operator of 41 deluxe leisure properties, including 28 hotels, in 17 countries. Dallas-based Pegasus Solutions is a leading global provider of hotel reservations-related services and technology.

Under the companies' agreement, Orient-Express will use Pegasus services in its move to control and promote its Orient-Express brand identity. The move creates an "OE" code for the brand on global distribution systems (GDSs) used by travel agents worldwide. Orient-Express has teamed Pegasus' RezView central reservations system (CRS) with Pegasus' distribution services, enabling it to centrally book reservations from travel agents and hundreds of Web sites that use distribution services from Pegasus. Additionally, through the use of voice services from Pegasus, travelers now can call a central number to make reservations at all Orient-Express properties.

"With these services from Pegasus, we now can promote our brand identity through GDSs and Internet sites, which we believe will strengthen both our company and each hotel property," said Angela Clarke, director of sales and marketing worldwide for Orient-Express Hotels. "Additionally, we now have greater control over our rate strategy and Internet bookings. We selected Pegasus because it is a single vendor with a broad range of excellent services."

According to Bob Boles, executive vice president of sales and marketing for Pegasus Solutions: "Orient-Express has long touted the prestige of its individual properties. Now with this group of Pegasus services, Orient-Express has the tools to promote the prestige of its brand and drive bookings at its hotels. We're glad to be Orient-Express' 'one-stop-shop' for reservations-related technology and services."

Orient-Express Hotels Ltd. (www.orient-express.com) owns or part-owns, and manages, 41 leisure properties in 17 countries. Thirty are hotels ranging across five continents, from the Hotel Cipriani in Venice to the Mount Nelson in Cape Town, the Copacabana Palace in Rio de Janeiro to The Observatory in Sydney, and to Charleston Place in Charleston, SC. Restaurants include '21' Club in New York, the Manoir aux Quat'Saisons in Oxfordshire, England and Harry's Bar (a private club) in London. Five tourist trains include the legendary Venice Simplon-Orient-Express in Europe and the Eastern & Oriental Express in Asia. The company also part-owns and manages PeruRail in Peru, which operates the Cuzco-Machu Picchu train service used by nearly every tourist to Peru (there are no roads to the famous Inca ruins and otherwise it is a four-day hike). The MV Road To Mandalay provides luxury cruises on the Irrawaddy River in Burma.

Dallas-based Pegasus Solutions, Inc. (www.pegs.com) is a leading global provider of hotel reservations-related services and technology. Its services include central reservations systems; electronic distribution services that connect more than 45,000 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 the majority of travel agencies around the world, including the 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 that have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Scottsdale and Singapore. The company's stock is traded on the Nasdaq National Market under the symbol PEGS.

Some statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding future events, financial performance and financial projections, as well as management's expectations, beliefs, hopes, intentions or strategies regarding the future. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from current expectations. Factors that could cause or contribute to such difference include, but are not limited to, terrorist acts or war, global health epidemics, variation in demand for and acceptance of the company's products and services and timing of sales, general economic conditions including a slowdown in technology spending by the company's current and prospective customers, failure to maintain successful relationships with and to establish new relationships with customers, the success of the company's international operations, the level of product and price competition from existing and new competitors, changes in the company's level of operating expenses and its ability to control costs, delays in developing, marketing and deploying new products and services, as well as other risks identified in the company's Securities and Exchange Commission filings, including those appearing under the caption Risk Factors in the company's 2002 Annual Report on Form 10-K.

(1) Travel Weekly, June 23, 2003, "Top 50 Travel Agencies"

(2) Hotel Business, February 7, 2002, "The Top Hotel Brands" -

ranked by total number of rooms (2001)