WPS Dynamizes the Administrative and Business Processes in the Tourist Industry
EUROPEAN UNION, August 29, 2005. WPS Worldwide Payment Systems, the leading data and payment processing company based in Europe, launched a total automated system to integrate the travel agencies invoicing with the back office system of the hotels. With this tool, WPS has added to their existing portfolio of reconciliation services a sophisticated instrument that allows to solve the conciliation of the payments completely and at all levels of the tourist industry.
WPS was the first company to launch, in 1998, a weekly payment process to travel agencies. Furthermore, through WPS, travel agencies can personalise their payments. In the same year WPS launched an online informative procedure that allows all travel agencies worldwide to follow up the commission payments process on a real time basis. These instruments are available for any travel agency without exceptions or distinction between associated/registered or non associated/registered travel agencies.
Since 1998 WPS has made possible a fluent and transparent relationship between hotels and travel agencies users, enhancing the commission business model, and allowing hotels and travel agencies to increase their yield in these moments of uncertainties and changes in the industry.
WPS currently works for more than 6,000 hotels and 70,000 travel agencies in the process of data and payments , and outsourcing administrative procedures for hotel and travel agency groups worldwide.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
