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profit optimization

Home/Tag: profit optimization

profit optimization

profit optimization

Duetto Delivers New Rate Management Experience

Duetto | May 25, 2022

The software as a service provider of revenue strategy solutions rolls out several innovations to its award-winning GameChanger revenue optimization application. San Francisco, May 25, 2022 - Duetto, hospitality’s leading software as a service provider of revenue strategy solutions, announced today a series of new features for GameChanger, its award-winning revenue optimization application. The New Rate Management Experience (NRMX) features are designed to enable revenue teams to work more strategically, consolidating all rate publishing pages into one single, unified view. “We’re excited to unveil new features to improve the...

International Youth Convention Hotel Increases Room Revenue by 8.64 Million RMB After One Year With IDeaS

IDeaS | May 18, 2022

IDeaS Consulting helps build revenue culture within the International Youth Convention Hotel leading to revenue growth of 8.64 Million RMB Beijing — May 18, 2022— IDeaS, the world’s leading provider of revenue management software and services announced today that its partnership with the International Youth Convention Hotel in Nanjing, China, was able to grow all revenue related KPIs during a difficult COVID environment and revenue increased during the past 12 months by 8.64 million RMB. IDeaS provided extensive revenue management consulting services and implemented G2 RMS at the hotel. Revenue management is not only important dur...

IDeaS and RMS Cloud Enhance Technology Partnership to Further Automation of Pricing Decisions

IDeaS | April 20, 2022

Two hotel technology leaders work together to optimize revenue for all hotels Singapore—April 20, 2022—IDeaS, the world’s leading provider of revenue management software and services, and RMS Cloud, a provider of property management software and scalable technology for the hospitality industry, have today announced an enhanced partnership to maximize occupancy and increase revenue for hoteliers through an advanced technology integration that provides superior visibility into rate strategy and drives smarter decisions to achieve greater revenues. Through this partnership, IDeaS and RMS Cloud have built a two-way interface between R...

IDeaS RevPlan Total Revenue Forecasting Module to Be Piloted by Loews Hotels & Co

IDeaS | April 6, 2022

Hotel brand embarks on a journey beyond rooms revenue management toward total profit optimization with IDeaS MINNEAPOLIS—April 6, 2022—IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today Loews Hotels & Co will pilot the total revenue forecasting module in IDeaS RevPlan, a cloud-based tool that streamlines forecasting and budgeting processes for rooms, food and beverage, and other income. Loews has already successfully leveraged RevPlan’s automated financial forecasting capabilities for guest rooms, gaining significant time savings across its portfolio. The...

MOB HOTEL Selects IDeaS for Pricing, Forecasting and Reporting Across Its Growing Portfolio

IDeaS | February 2, 2022

Paris-based hotel group set to drive greater operational efficiency and more competitive rates with IDeaS Pricing System LONDON — February 2, 2022 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that MOB HOTEL will implement IDeaS Pricing System across its growing portfolio of eco-friendly, socially-minded properties in France and the United States. As MOB HOTEL expands, its manual, spreadsheet-based pricing process could no longer be sustained. The hotel’s revenue team selected IDeaS to achieve: •  Scalable automation – IDeaS Pricing System automatica...

UpStay Wins 2021 PhocusWright Innovation Award

UpStay | December 21, 2021

UpStay, the first post-booking yield optimization platform for hotels, has won a major international travel industry award at the Phocuswright Conference held in Florida last month. The Award recognizes UpStay as one of the most innovative technology platforms available to the global travel industry today. UpStay, participating for the first time, was selected by the international panel of judges for the Phocuswright Innovation Launch 2021 - Winner: People's Choice Award. UpStay helps hoteliers unlock new revenue while engaging with customers, explained Maína Pietrobelli, UpStay’s Vice President of Business Development, during her...

How to Get Revenue Management Right for 2022

Ahmed Mahmoud | December 16, 2021

By Ahmed Mahmoud As vaccination programs continue to find success against Covid-19, lockdown policies are easing, and hotels are reopening. Tentative steps are being made toward the resumption of international travel – there is now significant domestic leisure travel taking place in a number of countries. With consumers starting to make travel plans, hoteliers should begin preparing their strategy for reopening and a wider recovery. Like most hotel departments, revenue management changed dramatically in light of the last two years’ unprecedented challenges. Established processes were flipped upside down as demand dried up and histor...

Hutton Hotel Invests in IDeaS G3 RMS for Stronger Recovery and Competitive Advantage

IDeaS | November 17, 2021

A reevaluation of its revenue management operation leads Nashville hotel to switch RMS providers for industry-leading IDeaS MINNEAPOLIS — November 17, 2021— IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today it has implemented IDeaS G3 Revenue Management System (RMS) at the 250-room, boutique Hutton Hotel just off of Nashville’s popular Music Row. After engaging with IDeaS Consulting services, the Hutton Hotel recognized the many advantages of partnering with IDeaS for its long-term revenue strategy, competitive performance and post-pandemic recovery. •  Consul...

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