Kayak.com Becomes First Meta-Search Site to Work with Hotel Information Providers; Agreements with Pegasus Solutions and Otedis
January 30 2006 - 10:50AM
Business Wire
Kayak.com, the comprehensive travel search site, announced today
agreements with hotel information providers Pegasus Solutions and
Otedis. Through these deals, the companies will provide real-time
rates and availability on Kayak.com directly from the Web sites of
more than 10,000 hotels. These groundbreaking agreements mark the
first time a travel search engine has integrated results from hotel
information providers that enable thousands of hotels to appear in
travel search results. "Our agreements with these leading providers
reaffirm Kayak.com's commitment to being the consumers'
comprehensive source of travel information," said Steve Hafner,
Kayak.com CEO and co-founder. "Our Kayak.com users will soon access
rates and availability from thousands of independent hotels, many
of which are not found on other online travel sites. Suppliers
benefit from the qualified traffic Kayak.com is known for which
minimizes distribution cost and enables a relationship with the
consumer." Hotels represented by Pegasus and Otedis have the option
to participate in Kayak.com search results. Hotels already
participating in Kayak.com as a result of these partnerships
include Morgans Hotel Group, Sutton Place, Kimpton Hotels, Le
Meridien Hotels & Resorts, Leading Hotels of the World, and
online agencies Opodo and HotelBook. "Pegasus Solutions has always
been an innovator in hotel distribution and marketing technology,
and our agreement with Kayak.com is another way that Pegasus
increases our hotel customers' distribution and exposure to a wide
range of consumers," said Bob Boles, chief operating officer of
Pegasus Solutions. "Hotels today are encouraging consumers to book
directly on their Web sites. They're eager to reach consumers who
have embraced travel search, which delivers qualified traffic and
high conversion rates on a very cost-effective basis. Our agreement
with Kayak.com opens up a new channel for our hotel customers,
giving them easy exposure to millions of visitors to Kayak.com."
Kayak's Commitment to displaying "Every Hotel on Earth" Kayak.com's
booking engine agreements are a key component of Kayak.com's
initiative to display "Every Hotel on Earth." The program announced
in October is a commitment to display all 300,000 hotels on earth,
from a power brand hotel in Times Square to a family-owned
guesthouse in Burgundy. In an industry-first, Kayak.com has created
a simple and efficient process that allows consumers and hoteliers
to add properties directly to Kayak.com. The 'Every Hotel on Earth'
program expedites the approval process for adding hotels to the
database. Since the October launch, Kayak.com has added more than
18,000 hotels and currently boasts more than 103,000 hotels in the
database. About Kayak.com Created by co-founders of Orbitz,
Travelocity and Expedia, Kayak.com is a comparison-shopping website
that helps consumers make informed decisions in their travel
planning. The site, which launched February 7, 2005, offers a
comprehensive search engine that scours over 100 online travel
sites, providing prices and itineraries for hundreds of airlines,
over 103,000 hotels and all leading rental car companies. Kayak.com
displays more choices of available itinerary/price combinations
than any other travel site, and is the first to integrate consumer
and professional reviews and other relevant travel information with
real-time prices and availability. Kayak.com's investors include
Sequoia Capital, America Online, Inc. and General Catalyst
Partners. For more information, please visit www.Kayak.com. About
Pegasus Solutions 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,
www.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. For more information, please visit www.pegs.com. About
Otedis Initially created as an online catalogue for hotels in
France, Italy and Spain, Otedis is today a virtual hotel chain made
of 4,000 hotels (2,000 using the real time reservation technology).
Otedis consist of three products: Otedis Webres (the real
time/online booking engine for web sites), Otedis Call Center (the
electronic central reservation system) and Otedis Switch (the
electronic distribution of hotel rooms on the Internet). Otedis is
owned by Optims, an Amadeus company and the European leader in
Information Technology solutions dedicated to the optimization of
management methods and revenue in Hospitality, Catering and
Tourism. More information about Optims is available at
www.optims.com.
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