Hotel Online Special Report Mövenpick Hotels & Resorts Deploying IDeaS to Maximize Revenues Munich, Germany, and Zurich, Switzerland, June 13, 2000 – Mövenpick Hotels & Resorts announced that, following the excellent results at the pilot hotel, it will install the IDeaS yield management solution at more properties in 2000.

Mövenpick Hotels & Resorts piloted the IDeaS yield management solution at one of its key properties, the 165-rooms Mövenpick Munich Airport Hotel in Halbergmoos, Germany. Over the test period in 2000, the hotel showed a significant increase in room revenues attributable to the impact of the IDeaS. Payback of the system will be achieved in less than 6 months.

“We were delighted to see the professionalism of the entire IDeaS team. The outstanding quality of their yield solution and the excellence of the IDeaS yield services helped us realize potential benefits at our hotel. Mövenpick is looking forward to having a long lasting, important partnership with IDeaS in the future,” said Albert Wechsel, General Manager at the Mövenpick Airport Hotel in Munich and Regional Director for Mövenpick.

“Mövenpick Hotels & Resorts is always among the first to evaluate and test new technology” added Denis Johnson, Mövenpick Hotels & Resorts’ Corporate Director of Sales. “Yield management has a strategic positioning in our management plans, and the revolutionary solution IDeaS provides will help us in maximizing our revenues. Additionally, the current developments IDeaS is undertaking will provide hotel groups and hotels with tools to address the upcoming challenges of electronic distribution and Internet booking channels. Distribution optimization is a key word here, and we believe IDeaS has taken some new and good directions in order to solve this ongoing problem.”

Mövenpick Hotels intend to roll out the yield management solution to a number of its hotels in Europe over the next couple of months. Hotels will be chosen based on certain base factors and return-on-investment expectations.

“We are very excited to have the possibility of working with Mövenpick. With their strong presence in many markets like Switzerland, Germany, and the Middle East, and with their first-class hotels, Mövenpick has a great opportunity to use our yield management solution successfully,” said Uli Pillau, IDeaS´ Managing Director in Europe, Africa and Middle East. “Our revolutionary scientific approach to revenue management combined with the yield services we offer help hoteliers maximize their revenues. We have shown the success with all clients that have installed the IDeaS yield management solution”.

Ed Booth, President and CEO of IDeaS, added: “Realizing the increase in transient revenue through the use of e-yield is a big benefit for the hospitality industry. However, IDeaS can do a lot more. We have taken a huge step into the new Millennium by adding tools to our system which give hotel groups the possibility of doing clustered, regionalized or centralized yielding using PMS, CRS or other distribution channels like Internet booking sites. Hotels will be able to analyze their business for groups, corporate contracts, airlines and tour serious accurately with the most modern technology in the world. e-yield? can be accessed remotely via WAN or even the Internet, and it will bring a new dimension to automated yield or revenue management systems.”

e-yield can be networked (LAN, WAN, Internet-ready) anywhere a group of properties or a worldwide chain require the benefits of yield management. It is modeled to each property’s and chain’s business strategy. It provides yielding at single properties and possesses the ability to yield reservations in multiple distribution channels for multiple hotels. In the near future, e-yield will deliver benefits like on-line pricing and availability, and integrate into a hotel’s or chain’s Internet marketing and distribution capabilities. IDeaS, Inc., provides its yield management solution exclusively to the hospitality industry. With its corporate headquarters in Eagan, Minnesota, IDeaS also maintains offices in London, Munich, Paris, Pune and Sydney. For more information, see the IDeaS web site at www.idealyield.com. And the Mövenpick Hotels & Resorts web site at www.moevenpick.com.

Contact IDeaS Uli Pillau Managing Director, IDeaS EAME +498106303253 [email protected] http://www.idealyield.com

Mövenpick Anke Sturm Executive Assistant Manager i/c of Rooms Mövenpick Airport Hotel Halbergmoos +498118880

Also See: Yield Management System Measurement By Dr. Ravi Mehrotra, IdeaS, Inc., June 1999 IDeaS Offers the First Yield Management Solution to Guarantee Measurable Results / Sept 1999