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Centralized Revenue Optimization Solution |
| MINNEAPOLIS, April 3,
2003 – IDeaS, a leading provider of revenue optimization solutions and
one of America’s fastest growing technology companies, announced today
that Hanover Hotels International has completed the centralized deployment
of IDeaS Revenue Optimization Solution for 15 properties, accounting for
more than 1,750 guestrooms.
Peter Eyles, Executive Chairman of Hanover comments, “We have an outstanding reputation in the UK for the management and quality of our Hanover Hotels & Clubs. It was important for us to have a partner in IDeaS that has earned the same reputation. Following a detailed analysis of available revenue optimization solutions, we discovered that IDeaS enterprise solution and their accompanying services are superior to other competitors. Hanover has been delighted with the implementation process and services provided by IDeaS. We expect significant financial and operational benefits for our properties from the installation of IDeaS Centralized Revenue Optimization Solution.” He added, “In order to deal more effectively with today’s market and be prepared for the future in a highly competitive market, upgrading our systems was a priority. IDeaS best-of-breed solution was an integral part of our strategy to deploy leading edge technology solutions.” Hanover Hotels Installs Enterprise Revenue Optimization
Solution from IDeaS
Hanover International Hotels’ deployment of centralized ‘next generation’ technology was designed as a strategic, forward-looking implementation to provide superior competitive advantages for their 15 properties. IDeaS centralizes decisions into a single location, enabling Hanover to realize significant financial and operational benefits through automated rate, overbooking and length-of-stay controls. This implementation furnishes Hanover with key technology solutions that have heretofore been accessible exclusively to larger hotel groups. To deploy this centralized solution, IDeaS worked with SoftBrands to develop an advanced interface between IDeaS revenue optimization solution and the Portfolio CRS/PMS. Data from the CRS/PMS is automatically and seamlessly transferred to and from IDeaS for optimization. This is advancement over recommendation-based or decision support approaches that require a validation stage and manual approval before recommendations are sent from the revenue management system to the PMS. It is also differentiated in that IDeaS automatically forecasts group demand and group wash, by group market segment, eliminating the manual input of budget or forecast data into the PMS/CRS. About IDeaS
Headquartered in Minneapolis, Minn., IDeaS maintains global technology, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. www.ideas.com for more information. |
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Gale Ward
Jim Kenney
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