World Travel Group Names Pegasus Solutions' RezView Central Reservation System ``World's Leading Hotel Reservation Service''

Business Wire, Dec 3, 2002

Business Editors/Travel Writers

DALLAS--(BUSINESS WIRE)--Dec. 3, 2002

Pegasus Solutions' RezView(R) hotel central reservation system (CRS) has won a prestigious World Travel Award, earning recognition as the "World's Leading Hotel Reservation Service." Sponsored by the World Travel Group, a prominent travel industry media firm, the Ninth Annual World Travel Awards honored companies for successful high-level contributions to the global travel community. Pegasus executives received the award last month during a ceremony at the World Travel Market exhibition in London. Dallas-based Pegasus Solutions, Inc. (Nasdaq:PEGS) is a leading worldwide provider of hotel reservations-related services and technology.

Nearly 8,000 properties around the world rely on Pegasus' RezView to automate critical hotel transactions. Used on an application service provider (ASP) basis, RezView gives hotel chains and management groups the tools they need to manage real-time inventory and rates and maximize revenue per available room. The system connects properties to global distribution systems and Pegasus' Online Distribution Network, which includes thousands of travel Web sites. RezView also interfaces with a wide range of hotel property management systems.

A number of renowned hotel companies, including Ian Schrager Hotels, Kimpton Hotels, Travelodge U.K., U.S. Franchise Systems (USFS), Leading Hotels of the World, and Utell, have outsourced their CRS to Pegasus and utilize RezView to manage everyday property, distribution, and reservation services. Leading Hotels, a long-term user of RezView, won the World's Leading Hotel Reservation Service Award in 1999 and 2001.

Hoteliers seeking more information on RezView can call 800/528-2422 in the United States and 44 20 8490 5955 in Europe. Interested parties can also inquire via e-mail by sending a message to sales@pegs.com.

World Travel Awards Information

The World Travel Awards were established for the express purpose of acknowledging and celebrating the massive achievements in all areas of the world's travel and tourism industry. Introduced in 1993, World Travel Awards Limited now surveys more than one million travel agents in 200 countries to determine winners. Candidates for nomination are based upon the previous year's voting. Hundreds of thousands of votes each year are cast online at the official World Travel Awards Web site, with most of the leading travel Internet sites offering additional online voting facilities. For more information and a complete list of 2002 award recipients, please visit www.worldtravelawards.com.

Company Information

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 44,000 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 tens of thousands of travel agencies around the world, including the top 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 have their hotel reservations Powered by Pegasus(TM). In addition to its corporate headquarters in Dallas, Pegasus has 20 offices in 11 countries, including regional hubs in Phoenix, London and Singapore. The company's stock is traded on the Nasdaq National Market under the symbol PEGS.

(1) Travel Weekly, June 24, 2002, "Top 50 Travel Agencies"

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

ranked by total number of rooms (2001)