Pegasus Solutions Expands RateChecker Service that Helps Hotels Monitor Online Rates for Competitors
10 August 2005 - 3:05PM
Business Wire
Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today that it has
expanded its RateChecker(TM) service by adding a RateChecker Group
Manager module for use by hotel groups. Furthermore, Pegasus now
offers the RateChecker service to all of its hotel customers, in
addition to the Utell by Pegasus(TM) members who were introduced to
the service in March. Dallas-based Pegasus Solutions is a global
leader in providing technology and services to hotels and travel
distributors. RateChecker gives hotels an online tool to track
rates of competing hotels. With a repeating stream of real-time
competitive information, hotel staff can instantly adjust rates on
their available rooms to drive bookings while maximizing profit.
Now with the optional RateChecker Group Manager module, hotel
groups can corporately monitor competing rates for each property in
their organization. Powered by the innovative Web-crawling
technology of Electrobug, RateChecker monitors competitors and Web
sites selected by customers, enabling hotels to compare pricing
metrics. Hoteliers can also monitor various advance booking rates,
and contrast rates for differing lengths of stay to ensure
profitable everyday pricing. The Grand New Delhi hotel and Vertice
Hoteles are two customers that have implemented the service. "We
have now had RateChecker for the last two months," said Manfred
Keiler, general manager of the Grand New Delhi hotel. "It was
indeed an eye opener when we received our first report. We had a
totally different picture of our market. As an independent hotel,
it becomes even more important to know the market, since our
business is often driven by the market wave. Rate Checker is
helping us." Susana Hernandez, commercial director of Vertice
Hoteles in Seville, Spain, said: "RateChecker has proved to be a
great time-saving tool. A simple 'click' gives us an insight into
the sales activities of our immediate competitors, and given the
current situation of the market, this is very important as it
allows us to plan our yield activities. RateChecker is particularly
useful to monitor changes in our competitors' rate strategy, which
could have an impact on our business." Dennis Law, senior vice
president of product management for Pegasus, said: "We're expanding
the RateChecker offering to provide a higher class of service for
our customers. The Group Manager module is a significant, valuable
addition because it provides our hotel group customers the ability
to analyze the pricing strategies of their competitors at a
corporate level and respond appropriately and immediately.
Currently, Pegasus offers three levels for the RateChecker service,
and with the addition of the Group Manager module, we can more
effectively meet the demands of the hotelier in today's market and
help them maximize their revenue potential." About Pegasus
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 more than 60,000 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, hotelbook.com(TM). The
company's representation services, including Utell by Pegasus(TM)
and Unirez by Pegasus(TM), are used by nearly 7,000 member hotels
in 140 countries, making Pegasus the hotel industry's largest
third-party marketing and reservations provider. Pegasus has 18
offices in 13 countries, including regional hubs in London,
Scottsdale and Singapore. For more information, please visit
www.pegs.com.
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