Pegasus & Travel Tripper hits new milestone in Global Sales division, converting 52% of corporate RFP targets for its 700 partner hotels for the 2020 season
Company’s success in corporate and TMC/consortia sales helps partner hotels generate $300M+ in GDS bookings annually
LONDON - Pegasus & Travel Tripper, a leading hotel technology provider, set a new company record in September by converting 52% of its partner hotels' new corporate RFP targets for the 2020 season. Each year, hotels compete to secure new RFP invitations from global corporations, which could result in lucrative corporate business from these firms for the coming year.
The Global Sales team already set a record conversion rate of 44% for the 2019 season, which concluded last year. Comparable industry services yield an average conversion rate of 14%. This number was surpassed once again this year, with 52% of corporate targets already converted, with potentially more conversions in Q4. The corporate sales services, together with the team's TMC and consortia sales services, helps partner hotels generate more than $300 million in bookings from these channels each year.
"Very few people get as excited about RFP season as I do," said Alexander Ryll, Director of Global Corporate Sales for Pegasus & Travel Tripper. "Not only are we able to support our hoteliers with new contract wins, we support travel buyers with valuable proposals, backed by our technology, which is designed to reduce their program procurement fees."
"The AMERON Frankfurt Neckarvillen Boutique, a first-class boutique hotel in the heart of Frankfurt, opened August 2019," said Philipp Suchan, Director of Sales & Marketing for Ameron Hotels. "We recently moved our hotels to Pegasus, where we were able to significantly increase our RFP conversions (24 year-to-date) through direct contracts with companies that had denied us previously."
The Okinawa Grand Mer Resort in Japan recently tapped the Global Sales team to increase the property's business across international distribution systems. By following the team's advice regarding key consortia programs, the hotel was able to quickly make informed decisions to opt into specific government travel and high-end leisure RFP program invitations. These decisions were informed by Pegasus & Travel Tripper's powerful Distribution Analytics platform regarding the volume of reservations and revenue these programs drove within Okinawa, and the Okinawa Grand Mer Resort is now positioned competitively and will benefit in valuable new GDS business come 2020.
"Being able to consult and help hoteliers make informed decisions about the most relevant global inbound top sources of business for their hotel, no matter what the destination happens to be, is the most rewarding job in the world," said Elaine Kennedy, VP Hotel Market Planning for Pegasus & Travel Tripper. "We are lucky to have such a far reaching and unique global portfolio to work with."
The new Pegasus is a game changer for hotels, combining innovative technology with five-star support to give hoteliers more control over their revenue and distribution strategy than ever before. Following a recent merger with Travel Tripper, Pegasus now enables hoteliers to better connect with their guests through an innovative and flexible platform of Reservations, E-commerce, Global Sales, and Business Intelligence solutions that help hotels drive demand and maximize revenue and profitability. With more than 30 years of experience in global distribution, Pegasus serves hotels across 120 countries from eight offices worldwide in New York, Scottsdale, Las Vegas, London, Paris, Frankfurt, Tokyo, and Hyderabad. For more information, visit pegs.com or follow them on LinkedIn, Facebook and Twitter.
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