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profit optimization

Home/Tag: profit optimization

profit optimization

profit optimization

Revenue Management for Recovery

Amin Himani | April 7, 2021

By Amin Himani Emerging Trends – What to Expect This year more than ever, recognizing the discipline of Revenue Management in our industry must transcend into Revenue Strategy will be crucial for success. While navigating the unpredictable travel patterns in 2021, consider that the traditional pace, competitive sets, and value-proposition identified historically to be altered and a need to examine the implications of the pandemic on each market segment and its defining attributes is required. What this means is relying on the systems and tools which help analyze patterns and recommend pricing may no longer provide the most optimal rat...

Boutique Italian Hotel Partners With IDeaS to Enhance Profitability and Increase Efficiency

IDeaS | March 24, 2021

Casa Angelina uses downtime to implement automated RMS while relying on IDeaS Advisory Services to ensure sustainable success LONDON — March 24, 2021 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that Casa Angelina, a luxury, boutique hotel on the Amalfi Coast, has selected IDeaS G3 Revenue Management System (RMS) and enlisted the IDeaS Advisory Services team. IDeaS will provide strategic support to help Casa Angelina capitalise on a projected short but busy season and position the property for long-term success. Casa Angelina knew it was time to move away fro...

Stoney Creek Hospitality Partners With IDeaS for Automated Efficiency Across 14-Property Portfolio

IDeaS | March 10, 2021

Midwest-based hotel group prioritizes automated revenue management in its digital transformation, selects IDeaS G3 RMS to increase profitability MINNEAPOLIS—March 10, 2021—IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today it will implement IDeaS G3 Revenue Management System (RMS) at Stoney Creek Hospitality’s 14-property portfolio across five Midwestern states. Seeking to overhaul manual operations with advanced automation, Stoney Creek’s leadership team launched a digital transformation initiative in 2020. Placing critical importance on the RMS’s role in th...

IDeaS Introduces Optix for G3 RMS, Providing Big-Picture Revenue Intelligence for Hotel Groups

IDeaS | February 24, 2021

IDeaS Optix delivers high-level understanding and deep analysis into revenue performance across estates, clusters or single properties MINNEAPOLIS—Feb. 24, 2021—IDeaS, a SAS company, the world’s leading provider of revenue management software and services, announced today IDeaS Optix, a cloud-based advanced reporting and analysis module for IDeaS G3 Revenue Management System (RMS). Optix is designed to empower hotel leaders and revenue managers to quickly understand their revenue performance and where they can improve across an entire estate, cluster or within a single property. In today’s dynamic environment it is a daily strug...

How to Upsell 101: Too Much Choice Can Lead to No Choice

ROOMDEX | February 23, 2021

By Jos Schaap Shouldn’t lots of choices be good for customers? If you ask most people whether they like having a choice, the answer will be yes. How can options possibly be a bad thing? Anyone who has worked in hotel marketing has, at one time or another, been asked to fit numerous offers into one email. Pre-arrival emails, in particular, are crammed to the hilt with hotel information and upsell choices. We call it the shotgun approach. Having a lot of choices is great — until it’s not. Many people argue that more choices equal more conversions. Rationally speaking, the more choices you offer your customers, the more sales you ...

Hospitality Technology Hub, a Virtual Forum Powered by IDeaS, Launches to Support Hotel Industry

IDeaS | February 16, 2021

IDeaS’ Hospitality Technology Hub unites top industry tech vendors and advisors to empower hotel leaders’ revenue recovery and commercial growth Tweet this: The Hospitality Technology Hub, a virtual forum powered by @IDeaS_RevOpt, has launched to unite leading hotel tech vendors, advisors and hoteliers to drive revenue recovery and commercial growth. ideas.com/news LONDON—Feb. 16, 2021—IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today the launch of its Hospitality Technology Hub (https://go.rev.ideas.com/hospitality-technology-hub) leading up to and during IT...

Amadeus Renews Long-Standing Relationship With IHG® for Business Intelligence Solutions

Amadeus | December 15, 2020

The continued exclusive endorsement of Amadeus' Demand360®, Agency360®, and RevenueStrategy360TM solutions provide the insight needed to increase booking demand and revenue 2020 has brought unprecedented change to the hospitality industry. Hoteliers face significant challenges in identifying opportunities to drive booking demand and establish the most effective distribution strategies to fill short and longer-term occupancies. The historical data they once relied on to build their revenue strategies no longer aligns with current market trends. Today, it is critical that hoteliers have access to comprehensive, accurate, and timely busines...

Boutique Anatolia Hospitality Group Selects IDeaS G3 Revenue Management System

IDeaS | December 9, 2020

Family-owned Greek hotel organisation turns to IDeaS to gain better insights into data through accessible automation LONDON—Dec. 9, 2020—Family-run and owned Anatolia Hospitality has selected IDeaS G3 Revenue Management System (RMS) to manage, control and maximise its data. Anatolia will implement IDeaS initially at its two city hotels with the highest booking dynamic, Anatolia Hotel and Onoma Hotel in Thessaloniki. Embracing revenue science – After 90 years in business, turning to technology was the next logical step for the Chrysochoidis family and its hotels, villas and luxury apartments. IDeaS G3 RMS provides the continuous ...

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