TQ3 Travel Solutions Forms New Agreement with Pegasus Solutions Inc

28 November 2002, London, UK – TQ3 Travel Solutions, one of the world’s leading global travel management companies, is pleased to announce it has signed an agreement with Pegasus Solutions, Inc. Under the three-year agreement, TQ3 Travel Solutions aims for all locations in Europe, Middle East and Africa (EMEA) to outsource the collection and management of their hotel commissions worldwide to Pegasus. The new contract with Pegasus follows that of TQ3 Americas, which formed an agreement with Pegasus Commission Processing in 2001.

Pegasus Commission Processing, created by Dallas-based Pegasus Solutions in 1992, is one of the European hotel industry’s leading travel agent commission processing services. Pegasus’ flexible service enables TQ3 locations to receive consolidated hotel commissions in their preferred currencies, along with detailed reporting of guest stays, cancellations and no-shows by hotel brand.

Thomas Stoeckel, Vice President of Supplier Relations, TQ3 Travel Solutions EMEA, explained: “Pegasus enables TQ3 Travel Solutions to be more proactive in collecting commissions from hotels worldwide, while also providing a new source of valuable hotel data. The value of a centrally controlled commission management programme benefits all TQ3 locations, as well as TQ3 clients. By subscribing to the Pegasus Commission Processing service, TQ3 raises the bar on managing hotel relationships and commission revenues.”

Jeff Bzdawka, senior vice president of Pegasus Financial Services added: ”With Pegasus’ established relationship with TQ3 Travel Solutions in the United States and the majority of TQ3 locations in Asia Pacific, the addition of TQ3 EMEA brings us very close to securing the entire agency portfolio of one of the world’s largest and fastest-growing travel management firms.”

TQ3 Travel Solutions, with global headquarters in Bremen, Germany, and EMEA-APAC headquarters in London, UK, is the quality provider of innovative end-to-end travel expense management solutions worldwide. Operating in over 60 countries with system-wide revenues in excess of $9 billion USD, TQ3 Travel Solutions employs more than 12,000 business professionals throughout 1,600 locations.

For further information, please contact:
Melanie Garrett, Director of Marketing EMEA
Tel: +44 (0) 7736 105257 / +44 (0) 1279 636310
Fax: +44 (0) 1279 636333
[email protected]

or :

Charlotte Palmer, Communications Executive EMEA
Tel +44 (0) 1279 636332
Fax +44 (0) 1279 636333
[email protected]