Hotel Online  Special Report

 
maxim® Selected by Hyatt Hotels Corporation to
Enhance Hyatt�s Revenue Management System

CHICAGO, June 15, 2002 -Hyatt Hotels Corporation has licensed maxim® from Yield Management Systems, LLC (YMSI) to enhance and upgrade the capabilities of Hyatt�s current revenue management system. Hyatt has also engaged YMSI to provide ongoing advanced revenue management support. 

Hyatt has been using an earlier version of the maxim® technology in its North American and Caribbean hotels since 1996 with great success. Hyatt�s revenue management system utilizes maxim�s patented Marginal Value Engine™ , to achieve the highest level of revenue from rate and room offerings. maxim® is the first Revenue Management Solution that blends advanced forecasting and optimization algorithms with extremely user-friendly navigation screens and tools. These unique features ensure that maxim® can be adapted for use in large or small hotels and in a variety of operating environments - the result is that each hotel can achieve the greatest revenue benefit in the least amount of time.

Hyatt�s revenue management system will continue to be highly integrated with their SPIRITTM central reservations system as well as with their property management systems. Hyatt plans to deploy their customized version of maxim® to all North American and Caribbean hotels. YMSI will be working closely with Hyatt and Computer Science Corporation (CSC) on this project; CSC performs IT outsourcing for Hyatt. 

"We are delighted that our maxim® revenue management solution has been selected by Hyatt Hotels Corporation to enhance their current system," said Steve Gelb, Managing Director of YMSI. "We are also proud to have been selected to provide advanced revenue management assistance to Hyatt Hotels Corporation to support the deployment of maxim® to all of Hyatt�s North American and Caribbean hotels."

"CSC is pleased to work closely with YMSI and Hyatt on this strategic project," said Scott Andersen, Account Executive for CSC. "CSC�s systems integration, deployment and operational expertise combined with YMSI�s outstanding product and revenue management expertise has allowed this project to move forward quickly and provide immediate value to Hyatt."

About YMSI
YMSI is a pioneer in the field of computerized revenue management. The founder of YMSI led the team that performed ground-breaking research in the early-1980�s in mathematical forecasting and optimization to develop the very first revenue management system. That same group of experts joined forces with YMSI to create maxim® for the hospitality industry. YMSI acquired all of the intellectual property rights to maxim® and its underlying mathematics at the beginning of 2001. YMSI supports its customers in North America, Europe, Latin America, Asia, Africa, Australia and the Middle East from offices in the United States and France. For more information on the revolutionary suite of maxim® Revenue Management Solutions and to learn more about how YMSI can help to enhance your bottom line by 6% or more, please visit www.maximrms.com . You can also see maxim® at the HITEC show in Chicago from June 25-27 at Booths # 125, 127 and 129. For more details or to set up an appointment for HITEC, please contact Sharon Sing at (402) 898-4122 or via e-mail at [email protected]

About Hyatt Hotels Corporation
Hyatt Hotels & Resorts offers 202 luxury hotels around the world. Hyatt Hotels Corporation manages franchises or operates 121 hotels and resorts in the U.S., Canada and the Caribbean. In the U.S., Hyatt worldwide reservations for individuals and groups can be reached at 1-800-233-1234. Outside the U.S., contact the local Hyatt sales office or representative. For more information please see Hyatt Hotels web site at www.hyatt.com

About Computer Science Corporation
Computer Sciences Corporation, one of the world�s leading consulting and information technology (IT) service firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company�s success is based on the culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.

Having guided clients through every major wave of change in information technology since 1959, CSC combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of global corporations and organizations. With some 67,000 employees in locations worldwide, CSC had revenues of $11.4 billion for the 12 months ended March 29, 2002. It is headquartered in El Segundo, Calif. For more information, visit the company�s Web site at www.csc.com.

 

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Contact:
Sharon Sing
Yield Management Systems, LLC (YMSI)
 (402) 898-4122
[email protected]
http://www.ymsi.com

Also See Yield Management Systems, LLC releases revolutionary maximflex and maximE.flex Revenue Management Solutions / June 2002


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