IDeaS Sets Industry Standard with 20 Years of Revenue Management Experience

"We're exhilarated and continually driven by our affect on the revenue management industry over the last 20 years," said Ravi Mehrotra, founder and president, IDeaS. "For IDeaS, it has always been about people, processes and technology -- not just software."

During IDeaS' successful 20 years in operation, the company made significant contributions to the revenue management industry:

• First to apply the economic concept "opportunity cost" to Revenue Management Systems, giving revenue managers confidence that they are maximizing hotel revenue
• First to incorporate competitive pricing into hotels' daily pricing practice with the Best Available Rate module furthering the value of decisions
• First to embed group pricing capability into hotel Sales & Catering Systems, in turn achieving greater efficiencies in sales automation
• Set the standard for offering Revenue Management Systems via Software as a Service deployment, providing on-demand use and lowering investment cost for the end user
• Raised the bar on customer support programs by coupling IDeaS for Success with Revenue Management Systems in order to establish a revenue management culture around the software
• Launched the first of its kind scholarship program with Cornell School of Hotel Administration to empower future revenue management leaders in the hotel industry
• Launched exclusive Academic Partner Program in order to provide the hotel industry with superior revenue management knowledge and tools

"We're in the business of anticipating change and our goal is to continue to set new industry standards, provide the best revenue management intelligence and tools, and elevate hotels to the next level of profitability," said Mehrotra.

Join the conversation and download the free webinar, "The Evolution of Hotel Revenue Management," at http://go.ideas.com/wn24/.

About IDeaS | Founded in 1989, IDeaS Revenue Solutions - a SAS Company, offers industry-leading revenue management Software, Services, and Consulting to the hospitality industry. Headquartered in Minneapolis, IDeaS has technology, support, sales and distribution offices in North and South America, the United Kingdom, Europe, the Middle East, Africa, Greater China, Australia and Asia. For more information, visit www.ideas.com.