| MINNEAPOLIS, MN � JUNE
13, 2003 � IDeaS, the leading provider of hospitality revenue management
solutions and one of America�s fastest growing technology companies, announced
today that the company is expanding its consulting, deploying a new generation
of products and offering enhanced services to clients, all designed to
bring the best possible Revenue Optimization Solution to each and every
hotel and group.
�The hospitality market has experienced increased volatility and rate of change over the past two years with 9/11, the War in Iraq and SARS, all compounded by an economic downturn, a powerful growth trend in Internet bookings and changing business and leisure travel patterns,� said Ed Booth, CEO of IDeaS. He added, �One clear consequence is that having the capability to optimize revenue in a dynamically changing environment is a universal problem for all hotels. Revenue Optimization capability is mission critical and no longer a �nice to have�.� A client-centric focus is the core of IDeaS expanded consulting, services and solutions. The consulting group continues to work with every type and size hotel, group and chain to design and execute a game plan to gain control over their business and proactively optimize revenue. A new 5th generation product suite, IDeaS V5, features a new generation of self-adjusting forecasting, dynamic pricing, Internet channel management and increased revenue guarantees. IDeaS V5 comes in property-based, large-scale, client/server �Enterprise� form and in quick and simple �Internet� ASP form, with training, implementation, pricing and operations all tuned to client requirements. Services feature pro-active Service Level Reporting and will include ongoing benefits measurement to ensure that clients are consistently optimizing their revenue in a volatile market. About IDeaS
IDeaS primary market focus is the global hospitality industry. The Company�s clients include some of the most-prestigious companies in the world, including InterContinental Hotels Group, Hyatt International, Hilton International, Mandarin Oriental Hotel Group, Shangri-La, Kempinski Hotels & Resorts, Conrad Hotels, Universal Orlando, The Venetian Resort Hotel Casino, Vail Resorts and Gaylord Entertainment properties, such as Gaylord Opryland. Headquartered in Minneapolis, Minn., IDeaS maintains global technology, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. For more information, visit www.ideas.com or call +1.952.698.4200. |
