Travelocity Business Negotiates Additional Savings On Hotel Stays For Companies

Businesses Receive Special Discounts at 4,300+ Independent Hotels Worldwide

Through Relationship With Pegasus Solutions’ Utell Properties

SOUTHLAKE, Texas, Jan. 19 /PRNewswire/ — Providing businesses continued
money- and time-saving opportunities, Travelocity Business(SM) finalized an
agreement with worldwide hotel provider Pegasus Solutions and its Utell
representation service to offer its customers access to discounted rates at
more than 4,300 Utell member hotels around the globe, ranging from economy to
deluxe accommodations. These hotel deals for properties represented by Utell
offer additional savings on top of the already reduced corporate rates
Travelocity Business negotiates with Pegasus and other hotel chains and
properties for companies. These hotel deals further complement the supplier
deals that companies may negotiate on their own.

Travelocity Business customers receive extra savings of up to 20 percent
off regular published rates on Utell properties. These discounts represent
one more way Travelocity Business helps its customers save on business travel.
With these reduced hotel costs and additional deals created by Travelocity
Business, companies can realize an average savings of more than $100 per trip
or over 20 percent per trip, including airfare savings averaging 26 percent
per ticket and service fee savings of up to 84 percent.

A full-service corporate travel solution, Travelocity Business provides
more choices to travelers, while helping companies reduce travel costs.
Travelocity Business offers companies flexible and efficient services
different from traditional travel agencies through dedication to superior
online capabilities and customer service agents available in 60 seconds
guaranteed, 24/7, all for much lower service fees. It also delivers savings
through flight deals and discounts, and discounts at hotel properties,
including those represented by Utell.

“By working closely with hoteliers and other travel suppliers, Travelocity
Business meets companies’ diverse and changing needs,” said Ellen Keszler,
president of Travelocity Business. “Through our relationship with Pegasus and
its Utell members, customers will have access to an enormous portfolio of
independent properties, as well as significant discounts off of regular
corporate rates that many companies don’t have the volume to obtain on their

Because of its large property base, the Utell portfolio is a natural
choice for Travelocity Business’ corporate negotiated rate program. With
approximately 1,000 hotels throughout the Americas and more than 3,000
overseas, Utell member hotels offer Travelocity Business customers more hotel
options than ever before for their travels. Utell member hotels are promoted
by Pegasus Solutions, a leading global provider of hotel reservations-related
services and technology.

“We worked with Travelocity on its leisure offering and learned very
quickly that it is a supplier-friendly company in the truest sense of the
word,” said Bob Boles, executive vice president of sales and marketing for
Pegasus Solutions. “By reaching out to corporate travelers via Travelocity
Business, we expect that relationship not only to continue, but also to grow
and prosper.”

Through the Pegasus relationship, Travelocity Business customers will be
offered special rates at hotels, such as:

     --  New York Helmsley - New York
     --  King George Hotel - San Francisco
     --  Sunset Marquis - Los Angeles/Hollywood
     --  Hotel Malmaison - London
     --  Governor's House Hotel - Washington, D.C.
     --  Sagamore Hotel - Miami
     --  Fullerton Hotel - Singapore
     --  Seneca Hotel - Chicago
     --  Magnolia Hotel - Houston
     --  Royal Pedregal - Mexico City
     --  Wedgewood Hotel - Vancouver

    About Travelocity Business

For small businesses to large multinational corporations, Travelocity
Business(SM) is a full-service corporate travel solution that helps companies
easily manage travel and reduce costs, while providing more choices to
travelers. Travelocity Business combines the savings and convenience of
online with the full service of dedicated agents available 24/7 who typically
answer the phone in 20 seconds, and within 60 seconds guaranteed. Companies
can cut travel costs through flight deals, Web fares, hotel discounts and
service fee savings — representing an average savings of more than $100 per
trip or 20 percent overall per trip, including airfare savings averaging
26 percent per ticket and service fee savings of up to 84 percent.

Travelocity Business merges the expertise, service and travel choices of
Travelocity(R) with the most proven online corporate travel technology,
already used by more than half of the Fortune 200. For more information,
companies can visit .

About Travelocity

Travelocity, a Sabre Holdings(TM) company, pioneered the online travel
space and continues to be the most popular travel service on the Web, giving
consumers access to hundreds of airlines, thousands of hotels and cruise,
last-minute and vacations packages, and best-in-class car rental companies,
all backed by 1,000 customer service representatives staffed to provide
24-hour assistance. With 41 million members, Travelocity is the sixth largest
travel agency in the United States. It has been recognized worldwide for its
leadership in the online travel space, and it operates or powers Web sites in
five languages across four continents. Additional information about
Travelocity can be found on the Web at .

Sabre Holdings Corporation (NYSE: TSG) is a world leader in travel
commerce, retailing travel products and providing distribution and technology
solutions for the travel industry. More information about Sabre Holdings is
available at .

About Pegasus Solutions, Inc.

Dallas-based Pegasus Solutions, Inc. (Nasdaq: PEGS) is a leading global
provider of hotel reservations-related services and technology. Founded in
1989, Pegasus’ customers include a majority of the world’s travel agencies and
more than 50,000 hotel properties around the globe. Pegasus’ services include
central reservation systems, electronic distribution services, commission
processing and payment services, property management systems, and marketing
representation services. The company’s representation services, including
Utell, are used by nearly 7,000 member hotels in 140 countries, making Pegasus
the hotel industry’s largest third-party marketing and reservations provider.
Pegasus has 18 offices in 11 countries, including regional hubs in London,
Scottsdale and Singapore. For more information, please visit .

     Judy Haveson (

     Mary Kate Smither (

     Michael Brophy (
SOURCE  Travelocity Business
    -0-                             01/19/2004
    /CONTACT:  Judy Haveson, +1-212-554-7425, or , or Mary
Kate Smither, +1-972-488-4790, or , both of VOLLMER,
for Travelocity Business; or Michael Brophy of Pegasus Solutions, Inc.,
+1-214-234-4400, or /
    /Web site:
    (PEGS TSG)

CO:  Travelocity Business; Travelocity; Pegasus Solutions, Inc.; Sabre
     Holdings Corporation
ST:  Texas

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