The continued evolution of Pegasus―a leading global provider of hospitality technology and services―inspires the same motivation epitomized in Gandhi’s words. At its inception, Pegasus was born from the idea that a digital era was on the horizon and that innovative distribution technology would uniquely empower hotels to distribute their product electronically to guests across all sales channels globally, beginning with travel agents. The company’s inception traces back to 1988 when 16 of the world’s largest hotel chains came together to fund a joint venture company named “The Hotel Industry Switch Company” or THISCO. This industry-first event that gave birth to enterprise electronic distribution technology and presaged the rapid growth of e-commerce in travel.
Long before the rise of the internet, the GDS (Global Distribution System) existed, with its airline origins dating back to the 1960s. Today, the GDS is used by travel agencies, travel management companies, and corporate travel managers – providing hotels with a significant source of reservations and revenue. However, with so much industry attention focused on growing direct bookings and the ever-changing OTA (Online Travel Agency) landscape, the importance of the GDS hotel booking platform can get forgotten amid all the noise.
Hotel Tech Partner vs. Vendor: Knowing the Difference and Why It Matters
By Glenn Wirick, Executive Vice President of Sales and Marketing at Pegasus Solutions