Hilton International's Nordic Hotels are First in New Service from Pegasus Solutions to Process VAT Invoices for Travel Agent Co
February 15 2006 - 4:05AM
Business Wire
Hilton International and Pegasus Solutions, Inc. (Nasdaq:PEGS)
today announced that the 130 Scandic and Hilton hotels in the
Nordic region (Denmark, Finland, Norway and Sweden) will join
Hilton International's other hotels that are already using Pegasus
commission processing services. Furthermore, as a new benefit to
travel agents, Pegasus will process the Value Added Tax on
commissions payments and create invoices on the agents' behalf, in
a new service that should be more efficient for travel agents and
hotels. The hotel chain Scandic, owned by Hilton International, is
the leading hotel brand across the Nordic region. Dallas-based
Pegasus is a global leader in providing technology and services to
hotels and travel distributors. The Nordic region within Hilton is
the first to provide this new service enhancement to travel
agencies. Pegasus, Scandic and Hilton are conducting pilot tests of
the service in four Scandic hotels -- one in each Nordic country. A
full launch of the service for all Scandic hotels is planned for
March 2006. The companies ask all travel agencies that book
Scandics and Hiltons in the Nordic region to supply their VAT
identification number to Pegasus at
http://www.comminfo.pegs.com/vat.asp. By working with Pegasus to
process its commissions and to use the new VAT invoicing
enhancement, Scandic and Hilton improve their relations with travel
agents in Europe and beyond who book their properties.
Additionally, Pegasus is now offering the VAT-processing service to
other hotel chains that use Pegasus' commission processing service.
Jean-Paul Herzog, president, Hilton and Scandic -- Nordic, said:
"We are very pleased that Hilton and Scandic in the Nordic region
will now also be using Pegasus Commission Processing as part of our
commitment to enable prompt and easy payment of commissions to
travel agents." Bob Boles, chief operating officer for Pegasus,
said: "This VAT processing solution provides a valuable service to
travel agencies, which should earn our new customer Hilton
International-Nordic considerable goodwill throughout the agent
community. We were pleased to work with Hilton-Nordic to develop
this critical functionality, useful for Europe as well as other
VAT-regulated regions. We hope to work with many more hoteliers to
implement this new standard solution." About Hilton International
Hilton International (HI), an operating division of the UK based
Hilton Group plc, owns the rights to the Hilton brand name
throughout the world, with the exception of the USA, where the
Hilton brand is owned and managed by Hilton Hotels Corporation
(HHC). Hilton International operates 403 hotels under the Hilton
and Scandic brands. In the Nordic region (Denmark, Finland, Norway
and Sweden) the portfolio includes 5 Hilton hotels and 125 Scandic
hotels. Under a joint venture agreement, Hilton International and
the North American based Hilton Hotels Corporation (HHC) share
responsibility for the Conrad brand, which includes 17 hotels in 12
countries. A global marketing alliance between Hilton International
and Hilton Hotels Corporation extends the number of hotels operated
by both companies worldwide to over 2,700 -- over 500 of which are
branded Hilton. Hilton International employs over 71,000 team
members in 80 countries. For further information on Hilton
International, please visit our corporate website, at:
www.hiltongroup.com. 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, 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. 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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