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processes to deliver a broad suite of inventory management, central reservations and revenue management solutions for hotel companies. Built with the unique needs of the hospitality industry in mind, AltiusPAR removes the hurdles hotels face when trying to manage complex inventory and pricing data across multiple channels. Incorporating industry leading technologies from Oracle and PROS, AltiusPAR's highly scalable, affordable, and easy-to-use solution frees customers from the burden of technology service and maintenance, allowing them to concentrate on their core business initiatives. About AltiusPAR AltiusPAR was founded in 2004 by hospitality industry veterans from Grupo Posadas, Latin America's largest hotel owner and management company with more than 90 properties and 14,000 employees around the world. The Posadas team saw a great need for a technology solution that could help increase the company's revenue while reducing operations costs and enabling commercial processes throughout its chains. Eager to find an answer to its own challenges but finding no good existing solution, a special team within Posadas was tasked to invest significant time and resources to build a solution that would provide:
Today, AltiusPAR, a subsidiary of Posadas, can help meet the growing need for fully integrated systems that can simplify, speed and strengthen inventory management, pricing and distribution. With offices in Mexico City, Dallas and Spain, the staff of AltiusPAR has clearly demonstrated the impact that more capable, highly integrated systems can have on revenue generation and profitability. Market Opportunities The hospitality industry has experienced tremendous change in recent years. Today, hoteliers are faced with the day-to-day challenges of keeping their brands relevant while improving sales and revenue per available room (RevPAR). Most significantly, “commoditization” of the hospitality industry has encouraged companies to compete on price, and achieving differentiation through service has required higher investment (higher quality, shorter operation cycles), reducing overall profitability. While the industry has experienced strong revenue growth this past year, bottom line performance has eroded dramatically since 2000, due to escalating expenses and overall costs, which are only expected to increase in 2005 and beyond. Despite all of these challenges, technology still holds the key to both driving and enabling substantial product differentiation and significantly improving business processes – from real-time access to inventory, transparency across multiple channels, seamless exchange of operational information and access to performance data. AltiusPAR Advantage Built with the unique needs of the hospitality industry in mind, AltiusPAR combines next generation technology with a dedication to best-of-breed processes to deliver a broad suite of inventory management, sales and catering, central reservations and revenue management functions for hotel companies. AltiusPAR has the right technology, and the right technology partnerships, in place to deliver on its commitment. With AltiusPAR, customers are freed from the burden of technology service and maintenance, allowing them to concentrate on core business initiatives. The solution also offers customers the following benefits:
AltiusPAR also provides the following advantages:
AltiusPAR Products Hotel companies spent nearly $8 billion on IT investments during the late 1990s. Our solutions help clients get the most out of their technology investments. We help manage clients’ assets, maximize revenue and most efficiently utilize their people, time and revenue resources. With AltiusPAR, hotel companies can:
The AltiusPAR Central Inventory System provides the basic foundation for all customer implementation. Customers can then purchase different "modules" on top of the AltiusPAR CIS, depending on their needs:
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