DALLAS (June 12, 2008) – Pegasus Solutions, Inc. has completed the first successful round of upgrades to its next generation CRS, RezView^® NG, which represents a major leap forward in CRS technology. The official debut of the much anticipated reservation platform was completed upgrading more than a thousand properties from Grand Heritage Hotel Group, Great Hotels of the World, Turkey Direct, Sercotel hotels and other independent properties. Pegasus anticipates the successful upgrade of 1,000 more within the next two weeks.

Since its initial announcement at HITEC 2007, RezView NG has been lauded as the breakthrough needed to bring reservations technology into the 21^st century, addressing key industry issues such as the ongoing escalation in online shopping, the development of consumer recognition and the growing demand for rich content. Now, with the successful Grand Heritage, Great Hotels of the World, Turkey Direct and Sercotel upgrades, the product has passed a test in terms of delivery and capability, according to Mike Kistner, Pegasus chief executive officer and president, reservation and distribution services.

“Our competitors have been holding their breath regarding the first successful upgrade to RezView NG because of its significance for the global hotel community,” said Kistner. “If it can stand the test of an actual implementation and deliver on providing the next generation capabilities we’ve promised, as it is, then we know we’ve succeeded in our quest to address the fundamental problems with central reservations systems for the industry.”

RezView NG was developed based on the stability of Pegasus’ existing CRS platform and the software, technology and expertise Pegasus secured through its 2007 acquisition of GuestClick. The resulting enterprise solution provides chains, representation companies and independent hotels with a one-stop shop for easy management of room and non-room item inventory, status, restrictions, pricing and policies. Additionally, the product offers dynamic packaging, universal integration with external applications and operation in multiple languages. The support for current and future business requirements together with an agile development methodology and fully scalable technology make RezView NG future-proof.  

“RezView NG is the most functionally robust and highly configurable CRS in the industry,” added Kistner. “Capable of processing transactions for many thousands of hotels, it consistently maintains sub-second response times at even the highest transaction loads.”

Pegasus plans to upgrade more than 12,000 properties to the next generation platform over the coming year.

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 86,000 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, www.hotelbook.com. The company’s representation services, including Utell^® Hotels & Resorts and Unirez by Pegasus™, are used by more than 9,300 member hotels in more than 130 countries, making Pegasus the hotel industry’s largest third-party marketing and reservations provider. Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com.