MINNEAPOLIS, April 23, 2001 � IDeaS, Inc., a
leading provider of revenue management Solutions for hotels, announced
today the Mandarin Oriental Hotel Group MOHG named IDeaS as its revenue
management partner with installation of its e-yield� Revenue Management
Solution in selected properties throughout 2001.
Following a review of all Revenue Management vendors, IDeaS was selected
to conduct a trial at one of MOHG�s leading properties. Measured impact
of the system showed increases in RevPAR well over IDeaS guarantee. It
was also noted that the position of the hotel relative to their competitive
set had also strengthened significantly.
| "We saw the implementation of IDeaS as the next
logical step in our Revenue Management initiative. They promised significant
results and more importantly delivered these results in a thoroughly professional
manner. The system is impressive and works well to compliment the existing
revenue management practices in the MOHG properties.� said Michael Hobson,
Sales and Marketing Director, for the Mandarin Oriental Hotel Group.
�We were very pleased with the results at the trial property� said Grahame
Tate, IDeaS' Managing Director for Asia/Pacific. "We are looking
forward to installing e-yield in many of the other Mandarin Oriental properties
and producing similar results.�
About Mandarin Oriental Hotel Group
Mandarin Oriental Hotel Group is the award-winning owner and operator of
some of the world's finest hotels. The Group operates luxury hotels in
key leisure and business destinations |
|
IDeaS, Inc. Opens New Office
in Hong Kong
MINNEAPOLIS, April 19, 2001 � IDeaS, Inc., a leading provider
of revenue management and optimization solutions, announced today the opening
of a new office in Hong Kong to support the company�s strong and growing
presence in Asia. This office enhances presence in the region to
three offices, Australia, Hong Kong and India.
IDeaS� Director of Business Development Sandro Guadagnini
opened the Hong Kong office and will be responsible for sales, consultancy
and management of key Asia/Pacific accounts. Sandro has more than
12 years of hospitality front office, reservations and revenue management
experience earned at international 5-star hotels.
�At a time when companies are making cutbacks, IDeaS continues
to grow and expand,� said President and CEO Ed Booth. �Choosing IDeaS
for revenue management is an easy decision for hospitality clients
because we have demonstrated an ability to consistently deliver significant
increases in revenue. With a shift in the economy, it is critical
that hotels have the best system to manage their revenue. The opening
of our Hong Kong office is yet another example of our continued growth
and success.� |
|
worldwide, with a hotel under development in New York (opening late 2003).
In total, Mandarin Oriental operates 7,000 rooms and employs almost 9,000
staff in three continents.
About e-yield TM Hospitality Revenue Management
The e-yield Revenue Management Solution enables hotels, chains and resorts
to maximize total revenue and increase revenue per available room (RevPAR)
by automating decisions that accept the most profitable business mix.
The e-yield application suite is designed for seamless integration with
core hotel technology systems, including property management, central reservation
and sales & catering.
The e-yield solution is available in property-based, centralized or
ASP-based configurations. It can be deployed across Windows� and
UNIX platforms and is compatible with relational database management systems
(RDBMS) such as Oracle and Informix. Modeled on client/server architecture,
the IDeaS client applications are available on Microsoft Windows 95/98/2000
and Windows NT. Server applications are available on Windows 2000,
Windows NT and UNIX. A web-based user interface allows clients to remotely
access e-yield from any browser.
The only completely automated decision solution in the industry, e-yield
is also the only solution to forecast both group and transient demand,
and the only solution to calculate the value of each type of demand.
About IDeaS, Inc.
IDeaS is the leading provider of revenue management solutions to the
hospitality industry. The company�s solutions deliver consistent, measurable
value for its clients. IDeaS has captured global market share based on
innovative �next generation� solutions and demonstrated increases in revenue
and profitability for clients. The result has been a paradigm shift in
market leadership and dominance for IDeaS� clients globally.
 Originators
of solutions for US Airways, Northwest Airlines and United Van Lines, the
company�s clients include Hyatt International Corporation, Bass Hotels
& Resorts, Inter-Continental Hotels & Resorts, Hilton International,
Mandarin Oriental and Kempinski Hotels and Resorts.
e-yield� can be deployed at the property level, centrally or as an ASP
solution. The company�s revenue management solutions are LAN, WAN and Internet-enabled,
creating an architecture that is customized to serve clients� business
strategies.
Headquartered in Minneapolis, Minnesota, IDeaS also maintains global
technology and sales offices in North America, the United Kingdom, Germany,
Australia and India. For more information, visit IDeaS web site at www.eyield.com. |