Articles tagged “pegasus solutions”

Travel Tripper Merges With Pegasus in Hotel Tech Rollup

Travel Tripper Merges With Pegasus in Hotel Tech Rollup

Sean O'Neill, Skift

Travel Tripper is taking on a distressed asset, Pegasus. Meh. But what's interesting is that Accel-KKR is backing the deal. The support by the private equity firm is yet another sign of more rollups of hotel tech companies to come against a backdrop of hotel software investments by Amadeus, Sabre, and Shiji.

8 months ago

CEO Interview: Distribution Firm DHISCO Tries to Bounce Back for the Post-Hotel Era

CEO Interview: Distribution Firm DHISCO Tries to Bounce Back for the Post-Hotel Era

Sean O'Neill, Skift

DHISCO boss Toni Portmann said the hotel distribution tech company has completely modernized its formerly limited and failure-prone system. But we're still waiting to see a wave of new contract announcements, including for alternative lodging providers.

2 years ago

Online Travel Gets a Woman CEO and a Rebrand

Online Travel Gets a Woman CEO and a Rebrand

Dennis Schaal, Skift

Toni Portmann inherits the distribution side of the Pegasus business, which formerly provided both hotel reservations services and distribution. In so doing, she will lead the healthier segment as the hotel reservations' portion has drastically given up market share over the last few years.

5 years ago

Pegasus Solutions Restructuring and Layoffs Under Way

Pegasus Solutions Restructuring and Layoffs Under Way

Dennis Schaal, Skift

Pegasus Solutions was once a leading provider of central reservations system services to the global hotel industry, but the business has fallen off the cliff. Letting the chief information officer and other top leaders depart doesn't signal that Pegasus' prospects will be changing anytime soon.

5 years ago

Exclusive: Pegasus Solutions Spins Off Reservations Business to Regent Equity Partners

Exclusive: Pegasus Solutions Spins Off Reservations Business to Regent Equity Partners

Dennis Schaal, Skift

In this transaction, Pegasus Solutions unloads a struggling reservations business to a private equity firm, and a smaller Pegasus Solutions, still facing lots of issues, lives to fight another day.

5 years ago

Sabre Bets on Big Tech Changes at Major Hotel Chains

Sabre Bets on Big Tech Changes at Major Hotel Chains

Dennis Schaal, Skift

Travelocity was once the darling in Sabre's portfolio, and now the fastest-rising star is its hospitality solutions business. It has plenty of room to grow, particularly in EMEA and APAC, where chains do not dominate and there is so much need for advanced technology solutions.

5 years ago